Block Buildings Policy definition

Block Buildings Policy means the block buildings insurance policies listed in paragraph 2 of Schedule 4 (Insurance Contracts) to the Mortgage Sale Agreement and any endorsements or extensions thereto as issued from time to time and any additional, replacement or substitute block insurance policy which relates to Mortgage Loans in the Mortgages Trust from time to time;
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Block Buildings Policy means the block policies listed in Part A (Building Policies) of Schedule 2 (Insurances);
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Block Buildings Policy means the block policies listed in Part A of Schedule 2;
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Examples of Block Buildings Policy in a sentence

  • Each Administrator shall use its reasonable endeavours to keep in full force and effect each Block Buildings Policy (or another policy providing equivalent cover) in relation to any Mortgage and associated Property to which it applies other than assuming any liability for the premium thereon.

  • The Administrator shall take such action as the Issuer and/or the Trustee shall reasonably direct and in the absence of such direction may on behalf of the Issuer pay premiums due and payable under any applicable Block Buildings Policy in order that the cover provided by such Block Buildings Policy shall not lapse.

  • The Block Buildings Policy is underwritten by Legal & General (registered number 1417162 whose registered office is at One Coleman Street, London, EC2R 5AA.Life Policies SPML does not require the Borrowers to take out life assurance policies and/or endowment policies ("Life Policies") in respect of Loans comprised in the Mortgage Pool, nor does SPML require a Borrower to assign an existing Life Policy to them.

  • According to MoHSW the prevalence of schistosomiasis in Tanzania varies from 13% to 88%, reaching 100% in some settings and the prevalence of urinary schistosomiasis was 25% in Mbeya region and 36% in Mbozi district (Kabululu 2013).Urinary schistosomiasis is a major health problem on the islands of Zanzibar (Unguja and Pemba) located adjacent to the mainland coast of East Africa.

  • The Administrator shall use its reasonable endeavours to keep in full force and effect each Block Buildings Policy (or another policy providing equivalent cover) in relation to any Mortgage and associated Property to which it applies other than assuming any liability for the premium thereon.

  • The Administrator shall not knowingly take any action or omit to take any action which would result in the avoidance or termination of any applicable Block Buildings Policy or would reduce the amount payable on any claim thereunder.

  • At the time of completion, the relevant Property must have been either insured under a Block Buildings Policy (as defined under “The Mortgage Pool – Insurance Contracts” below) in the name of KBCI, or KBCI must be jointly insured with the Borrower under, or its interest noted on, a buildings policy in relation to the relevant Property.

  • The Administrator may procure the preparation and submission on behalf of the Issuer and the Trustee of any claim under any Block Buildings Policy in excess of the Maximum Amount.

  • Insurance Policies The Issuer and the Trustee will have the benefit of a block buildings insurance master policy (the "Block Buildings Policy") and certain contingency policies of insurance effected by Permanent TSB with various insurance companies (the "Contingency Policies") and, together with the Block Buildings Policy relating to the Mortgage Loans from time to time, the "Insurance Policies") to the extent of their respective interests in the Mortgage Loans in the Mortgage Portfolio.

  • Upon receipt by the Administrator of a notice from an insurance company stating that a Property of a Borrower is no longer insured the Administrator, as agent of the Issuer shall to the extent they are able procure that the Property the subject of the notice is insured under a Block Buildings Policy.


More Definitions of Block Buildings Policy

Block Buildings Policy shall have the meaning ascribed thereto in the Loan Facility Agreement;
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Block Buildings Policy means the block buildings insurance policies listed in paragraph 2 of Schedule 4 (Insurance Contracts) to the Mortgage Sale Agreement and any endorsements or extensions thereto as issued from time to time and any additional, replacement or substitute block
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Related to Block Buildings Policy

  • farm building means that part of a bona fide farming operation encompassing barns, silos and other ancillary development to an agricultural use, but excluding a residential use;

  • apartment building means a residential use building, or the residential use portion of a mixed-use building, other than a townhouse or stacked townhouse containing four or more dwelling units each of which shall have access to above grade common halls, stairs, elevators, and yards;

  • Historic building means a building, including its structural components, that is located in this state and that is either individually listed on the national register of historic places under 16 U.S.C. 470a, located in a registered historic district, and certified by the state historic preservation officer as being of historic significance to the district, or is individually listed as an historic landmark designated by a local government certified under 16 U.S.C. 470a(c).

  • Office Building (Premises), means a building or premises or part thereof whose sole or principal use is for an office or for office purposes or clerical work. "Office purposes" includes the purpose of administration, clerical work, handling money, telephone, telegraph and computer operation; and "clerical work" includes writing, book-keeping, sorting papers typing, filing, duplicating, punching cards or tapes, machines calculations, drawing of matter for publication and editorial preparation of matter for publication.

  • existing industrial building means a building used for or in connection with,

  • Heritage Building means a Building designated under Part IV of the Ontario Heritage Act, R.S.O. 1990, c. O.18, or any successor legislation, or a Building designated under Part V of the Ontario Heritage Act,R.S.O. 1990, c. O.18, or any successor legislation, which has been identified as a significant heritage resource in a conservation district plan and any Building listed in the Markham Register of Property of Cultural Heritage Value of Interest;

  • Main building means a building in which is conducted the main or principal use of the parcel on which it is erected;

  • School building means any building in which any of the instruction, extracurricular activities, or training provided by a school is conducted, whether or not any instruction, extracurricular activities, or training provided by the school is being conducted in the school building at the time a criminal offense is committed.

  • Qualified buildings means construction of new structures,

  • Public building and "public work" means a public building of, and a public work of, a governmental entity (the United States; the District of Columbia; commonwealths, territories, and minor outlying islands of the United States; State and local governments; and multi-State, regional, or interstate entities which have governmental functions). These buildings and works may include, without limitation, bridges, dams, plants, highways, parkways, streets, subways, tunnels, sewers, mains, power lines, pumping stations, heavy generators, railways, airports, terminals, docks, piers, wharves, ways, lighthouses, buoys, jetties, breakwaters, levees, and canals, and the construction, alteration, maintenance, or repair of such buildings and works.

  • Vacant building means a building that has been vacant and

  • Green building strategies means those strategies that minimize the impact of development on the environment, and enhance the health, safety and well-being of residents by producing durable, low-maintenance, resource-efficient housing while making optimum use of existing infrastructure and community services.

  • Building means any structure used or intended for supporting or sheltering any use or occupancy.

  • Commercial building means any building other than a residential building,

  • Outbuilding means and refer to structures such as (by way of example and not limitation) storage buildings, sheds, greenhouses, gazebos and other Roofed Structures.

  • Modular building means, but shall not be limited to, single and multifamily houses, apartment

  • Industrial building means a building used for or in connection with,

  • New Building ’ means a new construction to house a complete motor vehicle as- sembly process, where that construction includes the pouring or construction of a new foundation and floor, the erection of a new frame and roof, and the instal- lation of new plumbing and electrical and other utilities;

  • Qualified building means a building built at least 30 years before the date of application, located within a designated downtown or, village center, or neighborhood development area, which, upon completion of the project supported by the tax credit, will be an income-producing building not used solely as a single-family residence. Churches and other buildings owned by religious organization may be qualified buildings, but in no event shall tax credits be used for religious worship.

  • Existing Building means a building that (a) was in existence and completely constructed on the date that the Applicant first submitted its Application, or (b) in respect of which the IESO has, in its sole and absolute discretion, issued a written confirmation that the building will be deemed an Existing Building for the purposes of the definition of Rooftop Facility.

  • Condominium Corporation means a condominium or strata corporation established under provincial legislation.

  • Building Common Areas means with respect to the Tower, the areas, facilities and amenities specified in Schedule [E] which are to be used and enjoyed in common with all the other Apartment Acquirers of the Units in the Building; and

  • Covered Building Service Contract means a contract or subcontract to provide Building Services to the City of Cambridge or any of its departments or subdivisions.

  • Garage shall have the meaning ascribed to it in Recital H;

  • Covered Municipal Building means a building or facility that is owned or occupied by the Town that is 1,000 square feet or larger in size.

  • Shopping Center means the Shopping Center identified on the initial page hereof.