Binders Sample Clauses
A Binders clause serves to provide temporary evidence of insurance coverage before a formal policy is issued. In practice, this clause allows an insurer to confirm coverage for a policyholder immediately, often through a written or oral agreement, while the final policy documents are being prepared. This ensures that the insured party is protected during the interim period, addressing the risk of being uninsured due to administrative delays.
Binders. Whenever there is a jus- tifiable reason for not issuing a policy or endorsement, as required, a written binder will be acceptable for a period not to exceed 60 days from the effective date of the insurance. The written binder must have attached thereto the approved form of mortgage clause. Such a binder will be submitted to the County Supervisor in lieu of an insur- ance policy or endorsement and the in- surance policy or endorsement will be submitted on or before the expiration date of the binder. The State Director, with the advice of the OGC and subject to prior approval of the National Of- fice, may issue a State Instruction au- thorizing such binders to be accepted for periods longer than 60 days.
Binders. The Employer shall provide a space for a Union Communication Binder for the use of the Union at each Employer work location upon which the Union may include notices relating to matters of interest to the employees.
Binders. Provide a listing of all loans with forced place coverage for both hazard and flood along with the name of the company and expiration dale (including copy of th▇ ▇▇licy) within (5) Business Days after Transfer Date.
Binders. The policies or duly executed binders of the same (which binders shall evidence the insurance waiver of subrogation required at Section 20.1 hereof) together with satisfactory evidence of the payment of the premium thereon, shall be deposited with Landlord on the Lease Commencement Date, and upon renewals of such policies, not less than thirty (30) days prior to the expiration of the term of such coverage. If Tenant fails to comply with such requirements, Landlord may, but shall not be obligated to, obtain such insurance and keep the same in effect and Tenant shall pay Landlord the premium cost thereof with Interest upon demand. Each such payment shall constitute additional rent payable by Tenant under this Lease, and Landlord shall not be limited in the proof of any damages which Landlord may claim against Tenant arising out of or by reason of Tenant’s failure to provide and keep in force insurance as aforesaid, to the amount of insurance premium or premiums not paid or incurred by Tenant and which would have been payable upon such insurance, but Landlord, in addition to any and all other rights and remedies provided Landlord under the terms of this Lease, shall also be entitled to recover as damages for such breach the uninsured amounts of any loss, to the extent of any deficiency in the insurance required by provisions of this Lease.
Binders. When the CITY is acquiring property with the knowledge that it will be reselling the subject property within three (3) years of the date of acquisition, the CITY can request the issuance of a Binder which will act as a commitment to insure the resale of the property. The additional charge for a Binder is 10% of the basic rate shown in Exhibit B, in addition to the premium set forth in Section IV above. At the time of the resale, the CITY would only be charged for any increase in the liability of the ultimate policy at the rates shown in Section IV above. The additional liability fee would be calculated by computing the 70% rate paid at the ultimate resale less the compute rate paid for the policy at the time of acquisition.
Binders. The Contractor shall assemble for approval by the A/E and the Owner three (3) complete copies in loose leaf binders of all operating and maintenance data for all equipment and machinery, if any, installed as a part of the Work.
Binders. Heavy-duty, three-ring, vinyl-covered, loose-leaf binders, in thickness necessary to accommodate contents, sized to hold 8-1/2-by-11-inch paper; with clear plastic sleeve on spine to hold label describing contents and with pockets inside covers to hold folded oversize sheets.
a. If two or more binders are necessary to accommodate data of a system, organize data in each binder into groupings by subsystem and related components. Cross-reference other binders if necessary to provide essential information for proper operation or maintenance of equipment or system.
b. Identify each binder on front and spine, with printed title "OPERATION AND MAINTENANCE MANUAL," Project title, and subject matter of contents. Indicate volume number for multiple-volume sets.
Binders. 3-ring, D-ring, with hard cover, project title on spine, Table of Contents in each volume, and stiff dividers with labeled tabs; contents divided into logical binders not more than 3 inches thick.
Binders. Commercial quality, 8-1/2 by 11 inch (216 by 280 mm) three D side ring binders with durable plastic covers; 2 inch (50 mm) maximum ring size. When multiple binders are used, correlate data into related consistent groupings.
Binders. Commercial quality, three-post binder, with durable and cleanable plastic covers and maximum post width of 2-inches.