Initial Policy definition

Initial Policy means the first loan policy of title insurance issued in connection with a loan that is secured by an interest in real estate. Any new policy or endorsement to an existing policy issued in conjunction with an extension or modification agreement pursuant to this Section 3.11 shall not be considered an Initial Policy.
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Initial Policy means the first loan policy of title insurance issued in connection with a loan to be secured by an interest in real estate. Any new policy or
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Initial Policy has the meaning specified in the definition of "Policy".
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Examples of Initial Policy in a sentence

  • Each of KSL and KSI hereby agree that the terms and conditions of this Article 4 shall be in full force and effect, with respect to each KSI Insurance Policy, during such KSI Insurance Policy's respective Initial Policy Period.

  • Upon the termination of such Initial Policy Period, if the parties have not agreed on the terms and conditions of the allocations of such Annual Premium or on the continuation, amendment, or termination of the other terms and conditions contained in this Article 4, then the terms and conditions of this Article 4 shall terminate and shall be of no further force and effect with respect to, and only with respect to, such KSI Insurance Policy.

  • Aon shall determine the Allocated Shares of KSL during the Initial Policy Periods, which may be different for each Annual Premium and which determination shall be based on the historical losses, exposures to risk, projected expected losses and possible magnitude of losses of KSI and KSL and their respective Subsidiaries.

  • Each of KSL and KSI hereby agree that after, with respect to each KSI Insurance Policy, the termination of such KSI Insurance Policy's Initial Policy Period, the terms of this Article 4 are subject to change and re-negotiation in full after such Initial Policy Period, but only with respect to such KSI Insurance Policy.

  • With respect to periods after such Initial Policy Period, KSL and KSI hereby agree to re-negotiate the terms of this Article 4 in full based on the changes in each others' business, increases in the applicable Annual Premium and on the recommendations of Aon with respect to the allocation of such Annual Premium, but only with respect to the applicable KSI Insurance Policy whose Initial Policy Period has expired.

  • Initial Policy Statement: This policy is provided to ensure that the dispensing and consumption of alcoholic beverages is managed in a reasonable, responsible, and professional manner at all events associated with San Mateo County Airports.

  • The monthly deduction includes the Initial Policy Charge (during the first 12 months), the Monthly Policy Charge, the cost of insurance charge for the Policy and for any additional benefits provided by riders.

  • After the Initial Policy Term, Standard may change any one or more of said premium rates, upon 180 days written notice to the Policyowner effective as of any premium due date.

  • The Corporation and the Employee have applied to Insurer for a limited payment whole life policy on the Employee's life (hereinafter called "Initial Policy") in an amount sufficient to provide a death benefit equal to $600,000 (the "Target Benefit").

  • No premium rates shall be changed during the Initial Policy Term shown on the front cover of this policy.

Related to Initial Policy

  • Fundamental Policies means the investment policies and restrictions as set forth from time to time in any Registration Statement of the Trust filed with the Commission and designated as fundamental policies therein, as they may be amended from time to time in accordance with the requirements of the 1940 Act.

  • Environmental Policy means to conserve energy, water, wood, paper and other resources, reduce waste and phase out the use of ozone depleting substances and minimise the release of greenhouse gases, volatile organic compounds and other substances damaging to health and the environment, including any written environmental policy of the Customer;

  • RWI Policy has the meaning set forth in Section 6.16.

  • Tariff Policy means a Tariff Policy adopted by the Council in terms of Section 74 of the Local Government: Municipal Systems Act 32 of 2000.

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.