Loss Payee Clause definition

Loss Payee Clause means a loss payee clause in substantially the same form as set out in Schedule 28 (Loss Payee Clause).
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Loss Payee Clause means a clause in a contract of insurance which provides that in the event of payment being made under the policy in relation to the insured risk, payment will be made to a third party (the County) rather than to the insured beneficiary of the policy (the Licensee);
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Loss Payee Clause. Any Builder’s Risk policy shall name County as loss payee. Loss, if any, shall be adjustable with and payable to County as trustee for all entities having an insurable interest, except in such cases as may require payment of all or a proportion of such insurance to be made to others as their interests may appear.
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Examples of Loss Payee Clause in a sentence

  • All sums paid as claims under this Policy shall, however, be made in accordance with the Loss Payee Clause.

  • All sums paid as claims under this contract of reinsurance shall, however, be made in accordance with the Loss Payee Clause.

  • Such insurance shall contain the standard Mortgage Clause and where applicable, Loss Payee Clause , which shall name and endorse Bank as mortgagee and loss payee.

  • Such insurance shall contain the standard "Mortgagee Clause" and where applicable, "Loss Payee Clause" which shall name and endorse Bank as mortgagee and loss payee.

  • Loss Payee Clause Property policy shall name County of San Diego as loss payee as its interests may appear.

  • Such Insurance shall contain the standard "Mortgagee Clause" and where applicable, "Loss Payee Clause", which shall name and endorse Bank as mortgagee and loss payee.

  • All coverages under Section 9.10(a) (1) shall name the Lender as an additional insured, and all coverages under Section 9.10(a) (2) shall contain a standard Mortgagee Clause and Lender Loss Payee Clause, as appropriate, with respect to the Collateral.

  • All coverages under Section 6.10(a) (1) shall name the Lender as an additional insured, and all coverages under Section 6.10(a) (2) shall contain a standard Mortgagee Clause and Lender Loss Payee Clause, as appropriate, with respect to the Collateral.

  • The Lease requires Property Damage Coverage and Loss Payee Clause.

  • All sums paid as claims under the reinsurance shall, however, be made in accordance with the Loss Payee Clause.

Related to Loss Payee Clause

  • Loss Payable Clauses means the provisions regulating the manner of payment of sums receivable under the Insurances which are to be incorporated in the relevant insurance document, such Loss Payable Clauses to be in the forms set out in paragraph 4 of this Schedule, or such other form as the Bank may from time to time agree in writing;

  • Additional Insured status shall be granted to “County of Ulster, P.O. Box 1800, Kingston, New York, 12402-1800”, shown on the Commercial General Liability policy, further stating that this insurance shall be primary and non-contributory with any other valid and collectable insurance.

  • Collateral Insurance shall have the meaning set forth in Section 4.4(a).

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following: