KEY CLAUSE Clause Samples

KEY CLAUSE. It is hereby declared and agreed that this Policy does not cover the loss of cash abstracted from the safe/drawer following the use of the key to the safe/drawer or any duplicate thereof belonging to the Insured unless such key has been obtained by threats or violence and that the safe/drawer be kept locked except when in immediate use. It is further declared and agreed that key to the safe/drawer must be at all times kept by the Insured or officers responsible for their custody and such keys must not be left in the premises in which the safe are located any time they should have to go out of the premises.