Common use of Loss Payable Clause Clause in Contracts

Loss Payable Clause. The Chargor covenants that the Chargor shall cause the relevant Takaful companies / insurers to include the following loss payable clause or a substantially similar loss payable clause acceptable to the Chargee in each Takaful/insurance policy taken out: “This Takaful/insurance and the benefits thereof, including all claims of whatsoever nature in respect of the Assets and each and every right hereunder have been assigned to AmBank Islamic Berhad (Company No. 295576-U (Formerly known as AmIslamic Bank Berhad)”.

Loss Payable Clause. The Chargor covenants that the Chargor shall cause the relevant Takaful companies / insurers operator/ insurance company to include the following loss payable clause or a substantially similar loss payable clause acceptable to the Chargee in each Takaful/Takaful/ insurance policy taken out: “This Takaful/insurance and the benefits thereof, including all claims of whatsoever nature in respect of the Assets and each and every right hereunder have been assigned to AmBank Islamic Berhad (Company No. 295576-U (Formerly known as AmIslamic Bank BerhadU)”” .

Loss Payable Clause. The Chargor covenants that the Chargor shall cause the relevant Takaful companies operator / insurers to include the following loss payable clause or a substantially similar loss payable clause acceptable to the Chargee in each Takaful/insurance policy taken out: out:- “This Takaful/Takaful / insurance and the benefits thereof, including all claims of whatsoever nature in respect of the Assets and each and every right hereunder have been assigned to AmBank Islamic AmIslamic Bank Berhad (Company No. 295576-U (Formerly known as AmIslamic Bank BerhadU)”.

Loss Payable Clause. The Chargor covenants that the Chargor shall cause the relevant Takaful companies / insurers takaful operator/ insurance company to include the following loss payable clause or a substantially similar loss payable clause acceptable to the Chargee in each Takafultakaful/insurance policy Policy taken out: “This Takafultakaful/insurance and the benefits thereof, including all claims of whatsoever nature in respect of the Assets and each and every right hereunder have been assigned to AmBank Islamic Berhad (Company No. 295576-U (Formerly known as AmIslamic Bank BerhadU)”.

Loss Payable Clause. The Chargor covenants that the Chargor shall cause the relevant Takaful companies / insurers operator/ insurance company to include the following loss payable clause or a substantially similar loss payable clause acceptable to the Chargee in each Takaful/insurance policy taken out: “This Takaful/insurance and the benefits thereof, including all claims of whatsoever nature in respect of the Assets and each and every right hereunder have been assigned to AmBank Islamic Berhad (Company No. 295576-U (Formerly known as AmIslamic Bank BerhadU)”.

Loss Payable Clause. The Chargor covenants that the Chargor shall cause the relevant Takaful companies / insurers takaful operator/ insurance company to include the following loss payable clause or a substantially similar loss payable clause acceptable to the Chargee in each Takaful/takaful / insurance policy Policy taken out: “This Takafultakaful/insurance and the benefits thereof, including all claims of whatsoever nature in respect of the Assets and each and every right hereunder have been assigned to AmBank Islamic Berhad (Company No. 295576-U (Formerly known as AmIslamic Bank BerhadU)”.

Loss Payable Clause. The Chargor covenants that the Chargor shall cause the relevant Takaful companies / insurers to include the following loss payable clause or a substantially similar loss payable clause acceptable to the Chargee in each Takaful/insurance policy Insurance Policy taken out: “This Takaful/insurance and the benefits thereof, including all claims of whatsoever nature in respect of the Assets and each and every right hereunder have been assigned to AmBank Islamic Berhad (Company No. 295576-U (Formerly U)(Formerly known as AmIslamic Bank Berhad)”.