Bank Protection Clause Samples
The Bank Protection clause is designed to safeguard a bank from potential losses or liabilities arising from its role in a transaction or agreement. Typically, this clause outlines the circumstances under which the bank is protected, such as when it acts on instructions from authorized parties or relies on documents that appear valid on their face. For example, it may limit the bank’s responsibility for verifying the authenticity of signatures or the accuracy of information provided by clients. The core function of this clause is to allocate risk by ensuring the bank is not held liable for actions taken in good faith within the scope of its duties, thereby encouraging the bank’s participation and facilitating smoother financial operations.
Bank Protection. The public use and benefit, with the State reserving the right at any time to set a monetary rent if the Commission finds such action to be in the State’s best interest.
Bank Protection. Pursuant to the Commission’s delegation of authority and the State CEQA Guidelines (Title 14, California Code of Regulations, section 15061), the staff has determined that this activity is exempt from the requirements of the CEQA as a categorically exempt project. The project is exempt under Class 4, Minor Alterations to Land; Title 2, California Code of Regulations, section 2905 (d)(2). Authority: Public Resources Code section 21084 and Title 14, California Code of Regulations, section 15300 and Title 2, California Code of Regulations, section 2905.
Bank Protection. Pursuant to the Commission's delegation of authority and the State CEQA Guidelines (Title 14, California Code of Regulations, section 15061), the staff has determined that this activity is exempt from the requirements of the CEQA as a categorically exempt project. The project is exempt under Class 4, Minor Alterations to Land; Title 2, California Code of Regulations, section 2905 (d)(2). Authority: Public Resources Code section 21084 and Title 14, California Code of Regulations, section 15300 and Title 2, California Code of Regulations, section 2905. CALENDAR PAGE MINUTE PAGE 7 This activity involves lands identified as possessing significant environmental values pursuant to Public Resources Code sections 6370, et seq. Based upon the staff's consultation with the persons nominating such lands and through the CEQA review process, it is the staff's opinion that the project, as proposed, is consistent with its use classification. EXHIBIT:
A. Site and Location Map
Bank Protection. The public use and benefit; with the State reserving the right at any time to set a monetary rent if the Commission finds such action to be in the State's best interest. SPECIFIC LEASE PROVISIONS: Liability insurance with coverage of no less than $500,000. OTHER PERTINENT INFORMATION:
Bank Protection. The staff recommends that the Commission find that this activity is exempt from the requirements of the California Environmental Quality Act (CEQA) as a categorically exempt project. The project is exempt under Class 1, Existing Facilities; California Code of Regulations, Title 2, section 2905, subdivision (a)(2).
Bank Protection. (A) a setback of 15.0 metres (49.2 feet)from top of bank for all construction and land alteration activities occurring adjacent to the foreshore areas. (collectively called the “Works”);