Modification Endorsement definition
Examples of Modification Endorsement in a sentence
Contemporaneously with the execution and delivery hereof, Borrower shall, at its sole cost and expense, obtain and deliver to Lender a (i) Modification Endorsement and (ii) Date Down Endorsement of Loan Policy of Title Insurance No. 102121 insuring the lien of the Mortgage and otherwise being in form and content acceptable to Lender.
Unless a Breakdown Coverage Modification Endorsement or Schedule indicates that your deductible is combined for all coverages, multiple deductibles may apply to any one accident .
Title Bring-Down with respect to the Mortgaged Premises and Modification Endorsement insuring the Modification.
Direct Coverages Deductibles and Indirect Coverages Deductibles may be indicated in a Breakdown Coverage Modification Endorsement or Schedule.
This term does not appear elsewhere in this Equipment Breakdown coverage, but may appear in a Breakdown Coverage Modification Endorsement or Schedule.
We will not pay for loss, damage or expense resulting from any one accident until the amount of loss, damage or expense exceeds the applicable Deductible shown in a Breakdown Coverage Modification Endorsement or Schedule.
Borrower shall cause Title Company to issue at Borrower's expense such endorsements (including, without limitation, a CLTA 110.5 Modification Endorsement or its local equivalent) to the Title Policy as Agent shall require insuring that fee title to the Property is vested in the Borrower and insuring the continuing validity and first-position lien priority of the Mortgage, in light of this Agreement.
The most we will pay for loss, damage or expense under this Endorsement arising from any one accident is the applicable Limit of Insurance shown in the Declarations unless otherwise shown in a Breakdown Coverage Modification Endorsement or Schedule.
We will not pay for loss, damage or expense under any coverage until the amount of the covered loss, damage or expense exceeds the deductible amount indicated for that coverage in a Breakdown Coverage Modification Endorsement or Schedule.
The most we will pay for loss, damage or expense under this coverage is $25,000, unless otherwise shown in a Breakdown Coverage Modification Endorsement or Schedule.