Examples of R&W Insurance Binder in a sentence
Buyer will comply in all material respects with all of its obligations under the R&W Insurance Binder necessary to the binding of the R&W Insurance Policy.
In accordance with the terms of the R&W Insurance Binder, Buyer will pay the required deposit fee and all other payments or fees and take all necessary actions to bind Buyer’s coverage under the R&W Insurance Policy.
The R&W Insurance Policy is in full effect, and all conditions in the conditional binder to the R&W Insurance Policy (the “R&W Insurance Binder”) with respect to the insurer’s obligations to issue the R&W Insurance Policy shall be fully satisfied, with all other subjectivities for the R&W Insurance Binder and the R&W Insurance Policy timely satisfied (including by causing the timely payment of the R&W Insurance Expenses) or waived by the insurer under the R&W Insurance Policy.
Therefore, it should be anticipated that some pumping from construction sumps will be needed to remove water accumulations resulting from perched groundwater seepage, precipitation or surface runoff.
Effective on the date hereof, the Purchaser will obtain the R&W Insurance Policy on terms and conditions set forth in the R&W Insurance Binder.