Examples of Bank Credit Agreement in a sentence
The Borrower(s) xxxxxx agrees to get his/her life and/or accident insurance for the current credit amount (in line with the insurance coverage limit indicated in the Life Insurance Policy/ies) pursuant of the Credit and the term indicated in Paragraph 2.4 of the Bank Credit Agreement and pursuant to the terms and conditions set by the Bank, for the current credit balance at the Insurance Company chosen by him/her, provided the Bank is the only beneficiary of the insurance policy (ies).
The Borrower(s) hereby agrees to get the pledged automobile insured minimum at the fair market value at the Insurance Company chosen by the Borrower during the Validity Period and the term indicated in Paragraph 2.4 of the Bank Credit Agreement and pursuant to the terms and conditions set by the Bank.
The Borrower(s) hereby agrees to obtain property insurance on the Mortgaged Item within the amount of the credit (in line with the insurance coverage indicated in the Property Insurance Policy/ies) of the Credit and the term indicated in Paragraph 2.4 of the Bank Credit Agreement and pursuant to the terms and conditions set by the Bank, for the current credit balance at the Insurance Company chosen by him/her, provided the Bank is the only beneficiary of the insurance policy(ies).