Traduction de «special loss payable clause » (Anglais → Français) :

loss payable clause

12. The Veteran agrees that he will, during the continuance of this Agreement, insure and keep insured against loss or damage by fire, tempest and flood to the extent of the full insurable value, in an Insurance Company approved by the Director, all buildings now erected, or which may hereafter be erected, on the said land, and will also insure and keep insured against loss or damage by fire and such other perils as required by the Director such livestock, farm equipment and other chattels as may be designated by the Director in such amounts as the Director deems necessary in an Insurance Company approved by the Director and will not do or suffer anything whereby any insurance policy or policies may be vitiated, and will pay all premiums an ...[+++]d sums of money necessary for such purpose as the same become due, and will assign to the Director the proceeds of the insurance policy or policies and have attached to the policy or policies the Special Loss Payable Clause as prescribed by the Director.

10. The Veteran agrees that he will forthwith insure and keep insured, during the continuance of this Agreement, against loss or damage by fire, tempest and flood to the extent of the full insurable value, in an Insurance Company approved by the Director, all buildings now erected, or which may hereafter be erected, on the said land, and will not do or suffer anything whereby any insurance policy or policies may be vitiated, and will pay all premiums and sums of money necessary for such purpose as the same become due, and will assign to the Director the proceeds of the insurance policy or policies and have attached to the policy or policies the Special Loss Payable Clause as prescr ...[+++]ibed by the Director.

When the Veteran neglects to keep insured the said buildings or any of them and livestock, farm equipment and other chattels, or to attach the Special Loss Payable Clause as above required, or to pay the premiums, or, when so required by the Director, fails to deliver the policy or policies and renewal receipts to the office of the Director for the region within which the land is situated at least 3 days before the insurance then existing shall expire, then the Director may insure the said buildings and livestock, farm equipment and other chattels and all moneys so expended by the Director shall be repaid by the Veteran on demand with in ...[+++]terest at the rate ofper annum computed from the time of advancing the same and in the meantime the amount of such payment shall be added to the purchase price of the said land.

Where the Veteran neglects to keep insured the said buildings or any of them, or to attach the Special Loss Payable Clause as above required, or to pay the premiums, or, when so required by the Director, fails to deliver the policy or policies and renewal receipts to the office of the Director for the region within which the land is situated at least three days before the insurance then existing shall expire, then the Director may insure the said buildings and all moneys so expended by the Director shall be repaid by the Veteran on demand with interest at the rate of per annum computed from the time of advancing the same and in the meant ...[+++]ime the amount of such payment shall be added to the purchase price of the said land.