Statutory Warnings Sample Clauses
The Statutory Warnings clause requires that any warnings or notices mandated by law are clearly communicated within the relevant documents or products. This may involve including specific language, labels, or disclosures as required by governmental regulations, such as health warnings on tobacco products or safety instructions for electrical appliances. Its core function is to ensure legal compliance and protect parties from liability by making sure all statutory obligations regarding warnings are properly fulfilled.
Statutory Warnings. These Statutory Warnings are a mandatory disclosure which must be provided to Buyers and Owners when any contract for residential construction includes improvements in excess of $2,500.00. Should you have any questions regarding the applicability of these Statutory Warnings to your specific Agreement, please consult with a Florida licensed attorney before proceeding. H.
Statutory Warnings. (a) Under Oregon law, most agreements, promises and commitments made by a financial institution after October 3, 1989, concerning loans and other credit extensions which are not for personal, family or household purposes or secured solely by Each Debtor's residence must be in writing, express consideration and be signed by the financial institution to be enforceable.
(b) Unless the Debtors provide the Agent with evidence of the insurance coverage that is required by this Security Agreement, the Agent may purchase such insurance to protect the Agent's security interest. Such insurance may, but need not, also protect the Debtors' interest. If the Collateral becomes damaged, the insurance purchased by the Agent may not pay any claim that a Debtor may make or any claim made against a Debtor. The Debtors will be responsible for the cost of the insurance purchased by the Agent and the Agent may add such cost to the Secured Obligations without any prior request for reimbursement of such amount. When added to the Secured Obligations, interest will accrue and be payable thereon at the Agent's prime rate plus 2% per annum. The effective date of coverage may be the date when the Debtors' coverage lapsed or the Debtors fails to provide proof of coverage. The cost of the insurance purchased by the Agent may be considerably more expensive than the insurance coverage that the Debtors can obtain and such insurance coverage may not satisfy any need for property damage coverage or any mandatory liability insurance requirements imposed by applicable law. Either Debtor may require the Agent to cancel the Agent's insurance by providing evidence that the Debtors have obtained the required insurance coverage elsewhere. Neither the Agent nor any of the Banks has any duty to either Debtor, a Guarantor, or anyone else to obtain insurance coverage if the Debtors fail to do so. It is agreed that the risk of an uninsured loss is allocated to the Debtors and such loss will not reduce or otherwise affect either Debtor's liability for payment and performance of the Secured Obligations. U.S. Bank National Association, Pope & ▇alb▇▇, ▇▇c. By /s/ JANI▇▇ ▇. ▇▇▇▇▇ By /s/ ROBE▇▇ ▇. ▇▇▇ -------------------------- ------------------------------------- Jani▇▇ ▇. ▇▇▇▇▇ Name: ROBE▇▇ ▇. ▇▇▇ Vice President Title: SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER Pope & ▇albot, Wis., Inc. By /s/ ROBE▇▇ ▇. ▇▇▇ ------------------------------------- Name: ROBE▇▇ ▇. ▇▇▇ Title: SECRETARY AND TREASURER Exhi...