Examples of Person in interest in a sentence
All of the policies of insurance maintained by the Association shall contain a provision that such policy or policies shall not be cancelled or terminated, or expired by their terms, or not renewed without 30 days’ prior written notice to the Board, the Owners and their respective first Mortgagees (provided that such Owners or Mortgagees have filed written requests with the carrier for such notice) and every other Person in interest who shall have requested such notice of the insurer.
If any such amounts are recovered by the Administrative Agent from the Borrower, its representative or successor or any other Person in interest, the Administrative Agent will redistribute such amounts to the Lenders on the same basis as such amounts were originally distributed.
Provide that such policy may not be canceled or substantially modified and the insurer may not refuse to renew said policy (whether or notrequested by the Association) except by the insurer giving at least thirty (30) days’ prior written notice thereof to the Association, the Unit Owner, each holder of a first mortgage on an individual Unit, and every other Person in interest who shall have requested such notice of the insurer.
If available, each of the Association’s insurance policies must contain a provision that the policy may not be canceled, terminated, materially modified or allowed to expire by its terms, without at least ten (10) days’ prior written notice to the Board and to each Owner and Mortgagee, insurer and guarantor of a first Mortgage who has filed a written request with the carrier for such notice and every other Person in interest who requests such notice of the insurer.
If available, each insurance policy the Master Association maintains must contain a provision that said policy may not be canceled, terminated, materially modified or allowed to expire by its terms, without thirty (30) days’ prior written notice to the Board, Declarant, and to each Owner and Mortgagee, insurer and guarantor of a first Mortgage who has filed a written request with the carrier for such notice, and every other Person in interest who requests such notice of the insurer.