Common use of Description of Exception Clause in Contracts

Description of Exception. 1 Five Times Square With respect to the non-payment of premiums the Mortgage provides that the policy may not be terminable and may not be reduced without at least 5 days prior notice to the mortgagee.

Description of Exception. 1 Five Times Square With respect to the non-payment of premiums the Mortgage provides that the policy may not be terminable and may not be reduced without at least 5 days prior notice to the mortgagee.