Cut off clause in AWW

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Aug 6th, 2022
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How to cut off clause in AWW

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that Home Inspection condition you wrote for your buyer clients is not to get out of jail free card if they find something prettier on the market thereamp;#39;s a reasonable expectation of performance you have to act in good faith when fulfilling a condition and if the sellers think that youamp;#39;re not acting in good faith and youamp;#39;re just trying to weasel out of the deal they donamp;#39;t have to sign that Mutual release and if they donamp;#39;t sign that Mutual release your buyers arenamp;#39;t getting that deposit back which means they canamp;#39;t go chase the prettier house and so now you based on your bad advice have now tied up their deposit money in the listing brokerage account until it hits the court and if the court determines you didnamp;#39;t act in good faith guess what your buyers might lose that deposit completely plus the sellers might be awarded additional damages if the Court decides itamp;#39;s warranted so before you give your client bad advice li

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What Is a Cut-Through Clause? A cut-through clause is a reinsurance contract provision that allows a party, other than the ceding company and reinsurance company, to have rights under the agreement. Cut-through clauses are often triggered by specific events, such as when a ceding company becomes insolvent.
Cutoff Testing Audit procedures are used to determine whether transactions have been recorded within the correct reporting period. For example, the shipping log can be reviewed to see if shipments to customers on the last day of the month were recorded within the correct period.
Contract Cutoff Date means, with respect to any Procurement Contract, the date and time by which x is required to provide its nominations to the Third Party Supplier thereunder for the next monthly delivery period for which nominations are then due.
A cargo clause in respect of pipes or cargo similar in length, which provides that damaged cargo should be cut off, leaving the good in pieces for the account of the Insured.
An insurance cutoff is a reinsurance contract provision that prevents the reinsurer from being liable for claims after the contract termination date.

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