WA STG Endorsement (Energy Project - Land Treated as Single Intergrated Whole)
ATTACHED TO POLICY NUMBER ______________________
STEWART TITLE GUARANTY COMPANY
Order Number: ____________
For purposes of this policy, the Company acknowledges that the term Land shall take into account the fact that the Land is made up of a number of parcels (at times referred to in this policy as the “Constituent Parcels”) that make up one integrated whole on which there are or will be operating Electricity Generation and Transmission Facilities. The Company agrees that in the event it becomes necessary to calculate loss or damage to the Insured arising from any defect, lien, encumbrance or other matter insured against by this policy (“Defect”), the calculation of the loss or damage shall include the diminution in value, if any, to all of the Constituent Parcels, to the extent that the diminution in value is directly or indirectly caused by the Defect.
This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements.
Signed under seal for the Company, but this endorsement is to be valid only when it bears an authorized countersignature.
No guidelines are available for this form at this time.