Common use of Named Insured Clause in Contracts

Named Insured. All Takaful/insurance shall be taken out in the name of the Chargor and shall be expressly and specifically assigned to and for the benefit of the Chargee.

Appears in 4 contracts

Sources: Musharakah Mutanaqisah Agreement, Charge Agreement, Charge Agreement

Named Insured. All Takaful/Takaful/ insurance shall be taken out in the name of the Chargor and shall be expressly and specifically assigned to and for the benefit of the Chargee.

Appears in 2 contracts

Sources: Charge Agreement, Charge Agreement

Named Insured. All Takaful/takaful / insurance shall be taken out in the name of the Chargor and shall be expressly and specifically assigned to and a nd for the benefit of the Chargee.

Appears in 2 contracts

Sources: Property Financing Agreement, Property Financing Agreement

Named Insured. All Takafultakaful/insurance shall be taken out in the name of the Chargor and shall be expressly and specifically assigned to and for the benefit of the Chargee.

Appears in 1 contract

Sources: Charge Agreement