Mortgagee Clause. Each insurance policy required pursuant to the provisions of this Article must contain the standard mortgagee clause endorsed to provide that any disbursements shall be paid to the Owners' Association for the use and benefit of Mortgagees as their interests may appear, or otherwise endorsed to fully protect the interest of (a) the Trustee and (b) the holders of a beneficial interest therein, if any.
Mortgagee Clause. The word “mortgagee” includes trustee.
Mortgagee Clause. The Mortgagee hereby consents to the execution of this Agreement by the Owner and agrees that the Application Land shall be bound by the restrictions and obligations contained in this Deed and the Mortgagee agrees to observe and perform the restrictions and obligations contained in this Deed provided that the Mortgagee shall have no liability under this Agreement unless it shall have become entitled to enter the Application Land or any part of it as mortgagee in possession or as a successor in title to the Owner.
Mortgagee Clause. Each Condominium Insurance Policy or PUD Insurance Policy shall contain the standard mortgagee clause endorsed to provide that any disbursements will be paid to the condominium or PUD homeowners' association for the use and benefit of Mortgagees as their interest may appear, or otherwise endorsed to fully protect the interest of the Owner.
Mortgagee Clause. The w ord ômor tgageeö includes trustee. If a mortgagee is named in this policy, any covered loss under Section I - LOSSES W E COVER f or Xx xxxxxx Protection w ill be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment w ill be the same as the order of precedence of the mortgages. If w e deny your claim because you or any other " insured" has f ailed to comply w ith the terms and conditions of this policy that denial shall not apply to a valid claim of the mortgagee, if the mortgagee:
Mortgagee Clause. The Customer covenants that it shall cause the relevant Takaful operators to include the following loss payable clause or a substantially similar loss payable clause acceptable to the Bank in each Takaful policy taken out: “This Takaful and the benefits thereof, including all claims of whatsoever nature in respect of the Asset and each and every right hereunder have been assigned to CIMB ISLAMIC BANK BERHAD”.
Mortgagee Clause. All policies must include EXACTLY the following standard, non-contributory, mortgagee clause: U.S. Bank National Association, as trustee Xxx Xxxxxxxxxx Xxxxxx, Xxxxx 0000 San Francisco, California 94111 Attention: Corporate Trust Services Mortgagee must be named as a first Mortgagee with respect to buildings, Loss Payee with respect to loss of rents/business interruption, and Additional Insured with respect to general liability.
Mortgagee Clause. 18.1 Notwithstanding clause 3.2, no obligation in this Deed shall be binding on or enforceable against any other chargee or mortgagee from time to time who shall have the benefit of a charge or mortgage of or on any part of parts of the Landor any receiver appointed by such chargee or mortgagee or any person deriving title through such chargee, mortgage or receiver unless and until such chargee, mortgagee, receiver or person has entered into possession of the Land or part thereof to which such obligation relates.
Mortgagee Clause. All policies must include EXACTLY the following standard, non-contributory, mortgagee clause: BANC OF AMERICA PUBLIC CAPITAL CORP 000 XXXXX XXXX XXXXXX, 00XX XXXXX XXX XXXXXXX, XXXXXXXXXX 00000 Mortgagee must be named as a first Mortgagee with respect to buildings, Loss Payee with respect to loss of rents/business interruption, and Additional Insured with respect to general liability.
Mortgagee Clause. All policies must include EXACTLY the following standard, non-contributory, mortgagee clause: Bank of America, N.A. 0000 Xxxxxxx Xxxx, 2nd Floor Concord, California 94520-2405 Attention: Loan Administration Manager Mortgagee must be named as a first Mortgagee with respect to buildings, Loss Payee with respect to loss of rents/business interruption, and Additional Insured with respect to general liability.
