Common use of Stay Clause in Contracts

Stay. The term ‘Stay’ means any rental period located worldwide for a maximum and non-renewable duration of 90 consecutive days in a furnished holiday rental and granted in lease by the Owner to the Lessee. The seasonal rental contracted by the Lessee must cumulatively satisfy all of the following conditions: - the rented property must be a lodging in a building development (house or apartment) or docked boat - the rented property must not be company lodgings, the rental must be accepted temporarily for a holiday stay. Policyholder: the body or the legal entity or natural person, domiciled in the European Union including Switzerland, United Kingdom and Monaco, who took out the Assur Lodge insurance with the Subscribers and agrees to pay the contributions. Loss: Event that may give rise to the application of cover within the contract.

Appears in 11 contracts

Samples: Assur Lodge, Assur Lodge, Assur Lodge

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