Spanish translation: endoso en formato completo por pago en caso de pérdidas
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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:
long-form loss-payable endorsement
endoso en formato completo por pago en caso de pérdidas
English term or phrase:long-form loss-payable endorsement
Buyer agrees to deliver promptly to Seller certificates or, if requested, policies of insurance satisfactory to Seller, each with a standard long-form loss-payable endorsement naming Seller or assigns as loss-payee as their interests may appear. Each policy shall provide that Seller's interest therein will not be invalidated by the acts, omissions or neglect of anyone other than Seller, and will contain insurer's agreement to give 30 days prior written notice to Seller before cancellation of or any material change in the policy will be effective as to Seller, whether such cancellation or change is at the direction of Buyer or insurer