Errors and Omissions Insurance. Errors and Omissions Insurance to be maintained by the Servicer in accordance with Section 3.13.
Errors and Omissions Insurance. Errors and Omissions Insurance to be maintained by the Servicer in accordance with the Xxxxxx Mae Guides.
Errors and Omissions Insurance. Errors and Omissions Insurance to be maintained by the Servicer in accordance with the Xxxxxx Xxx Guide or Xxxxxxx Mac Guide.
Errors and Omissions Insurance. The Manager shall, and shall cause any other Service Provider to, at all times during the term of this Agreement maintain “errors and omissions” insurance coverage and other insurance coverage which is customarily carried by Persons performing functions that are similar to those performed by the Service Providers under this Agreement, with reputable insurance companies and in an amount which is comparable to that which is customarily maintained by such other Persons. In each case, the relevant Service Recipients shall be included as additional insured or loss payees under the relevant policies.
Errors and Omissions Insurance. Errors and Omissions Insurance which includes coverage for professional malpractice, in the amount of $1,000,000.00. The policy shall provide for coverage of all claims occurring during the term of the policy notwithstanding the fact that the claim may be asserted subsequent to the expiration of the policy for a minimum period of three (3) years. Waiver Approved: City Attorney or designee Management Services Director or designee
Errors and Omissions Insurance. The Company agrees to secure at its own cost and expense errors and omissions insurance, or similar forms of insurance, it determines to be satisfactory to protect against foreseeable risks, errors and omissions in Advisor performing as a director of the Board of Directors of a publicly-traded corporation. The Company agrees to notify Advisor in writing of the securing of such a policy(ies) upon receipt of the same, and shall produce to Advisor within a reasonable period of time the applicable declaration page(s).
Errors and Omissions Insurance. Consultant shall obtain and maintain in full force throughout the term of this Contract a professional liability insurance policy (Errors and Omissions), in a company authorized to issue such insurance in the State of California, with limits of liability of not less than One Million Dollars ($1,000,000.00) to cover all professional services rendered pursuant to this Contract.
Errors and Omissions Insurance. CitiMortgage will maintain in force · a policy or policies of insurance covering errors and omissions in the performance of its servicing obligations, and · a fidelity bond for its officers, employees and agents. Such policies and bond will, together, comply with Fxxxxx Mxx or Fxxxxxx Mac requirements for persons servicing mortgage loans purchased by such association.
Errors and Omissions Insurance. Servicer shall maintain, at its own expense, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac on all officers, employees or other persons acting in any capacity with regard to the Mortgage Loan to handle funds, money, documents and papers relating to the Mortgage Loan. The errors and omissions insurance shall be in the form of the Mortgage Banker’s Blanket Bond and shall protect and insure Servicer against losses, including forgery, theft, embezzlement and omissions and negligent acts of such shall also protect and insure Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring the errors and omissions insurance shall diminish or relieve Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Xxxxxxx’ and Servicers’ Guide or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx’ and Servicer’s Guide. Upon request of any Owner, Servicer shall cause to be delivered to Owner evidence of such bond and insurance policy.
Errors and Omissions Insurance. 4.2.1. E & O Requirement............................................. 4.2.2. E & O Scope................................................... 4.2.3. E & O Policy Maintenance...................................... 4.2.4. E & O Deductible.............................................. 4.2.5. E & O Qualifications.......................................... Section 4.3 Fidelity Bond Coverage........................................... 4.3.1. Fidelity Bond Requirement..................................... 4.3.2. Fidelity Bond Coverage........................................ 4.3.3. Fidelity Bond Scope........................................... 4.3.4. Fidelity Bond Maintenance..................................... 4.3.5. Fidelity Bond Deductible...................................... 4.3.6. Fidelity Bond Rating Requirement.............................. Section 4.4
