OBSERVANCE OF CONDITIONS. A. You agree and acknowledge that the due performance and observance of each term and condition contained herein or in the Proposal or Declaration including payment of due premium in advance (upfront and thereafter, as applicable) and other charges, shall be a condition precedent to any of our liability hereunder and to the enforcement thereof by you. B. Any failure or negligence on your part to comply with any of the said terms and conditions may discharge us from our obligation to indemnify you and we shall have the right to repudiate all liability for payment under the Policy.
Appears in 2 contracts
Sources: Multi Buyer Exposure Policy in Foreign Currency (Mbep Fc) Bond, Multi Buyer Exposure Policy in Foreign Currency (Mbep Fc) Bond