Residential Community Property Clause Sample Clauses

Residential Community Property Clause. This policy, subject to all other terms and conditions, when covering residential community property, as defined by state law, shall remain in full force and effect as to the interest of each spouse covered, irrespective of divorce or change of ownership between the spouses unless excluded by endorsement attached to this policy, until the expiration of the policy or until cancelled in accordance with the terms and conditions of this policy.
Sample 1Sample 2Sample 3See All (11)
AutoNDA by SimpleDocs
Residential Community Property Clause. This pol- icy, subject to all other terms and conditions, when covering residential community property, as defined by state law, shall remain in full force and effect as to the interest of each spouse covered, irrespective of divorce or change of ownership between the spouses unless excluded by endorsement attached to this pol- icy until the expiration of the policy or until cancelled in accordance with the terms and conditions of this pol- icy.
Sample 1Sample 2
Residential Community Property Clause. This policy, (iv) the actual cash value of each item subject to all other terms and conditions, when covering residential community property, as defined by state law, shall remain in full force and effect as to the interest of each spouse covered, irrespective of divorce or change of ownership between the spouses unless excluded by en- dorsement attached to this policy, until the expiration of the policy or until cancelled in accordance with the terms and conditions of this policy.
Sample 1

Related to Residential Community Property Clause

  • Real Estate Matters The Administrative Agent shall have received a completed “Life-of-Loan” Federal Emergency Management Agency standard flood hazard determination with respect to each improved Mortgaged Property (together with a notice about special flood hazard area status and flood disaster assistance duly executed by the applicable Credit Party relating thereto) and, with respect to any Mortgaged Property on which any “building” (as defined in the Flood Insurance Laws) is located in a special flood hazard area, evidence of flood insurance as and to the extent required under Section 9.3 of the Credit Agreement;

  • LOCATION AND DESCRIPTION OF THE PROPERTY The subject property is located in locality of Mont' Kiara and within a flatted development known as Gateway Residences, Gateway Kiaramas. It is sited along Jalan Kiara which is located off the north side of the Kerinchi Link and bordering the south side of the North South PLUS Highway atthe Jalan Duta Toll Plaza The subject property comprises of a service apartment unit identified as Developer’s Parcel No: A-03-05, Storey No. Level 3, Gateway Kiaramas, together with Accessory Parcel Car Park No. 7-13 and bearing postal address of Unit No. A-03-05, Block A, Gateway Residences, Gateway Kiaramas, Xxxxx Xxxx Xxxxx, Mont' Kiara, 50480 Kuala Lumpur. RESERVE PRICE The property will be sold on an ''as is where is basis" and subject to a reserve price of RM475,000.00 (RINGGIT MALAYSIA FOUR HUNDRED AND SEVENTY FIVE THOUSAND ONLY) only and subject to the Conditions of Sale and by way of an Assignment from the above Assignee subject to consent being obtained by the successful bidder ('the Purchaser") from the Developer and other relevant authorities, if any, is required, including all terms, conditions, stipulations and covenants which were and may be imposed by the Developer and the relevant authority. All expenses incurred in obtaining the said consent shall be borne by the Purchaser. Any arrears of quit rent, taxes, rates, assessment, fees, bills, charges and outgoings which may be lawfully due to any relevant authority or the Developer or Proprietor or relevant third parties entitled thereto up to the date of successful sale of the subject property shall be borne out of the purchase price. The Purchaser shall bear and pay all fees and expenses including but not limited to all legal fees, stamp duty and registration fees in connection with, incidental to or pursuant to the Assignment and all other documents necessary for effecting the transfer or assigning the beneficial ownership in the property to the Purchaser and shall also bear all risks in relation to the purchase of the property. If goods and services tax is chargeable on the purchase price of the property, then the goods and services tax shall be paid by the Purchaser in addition to the purchase price payable by the Purchaser.

Time is Money Join Law Insider Premium to draft better contracts faster.