CREDITOR CLAIMS. To the extent permitted by applicable laws, no right or benefit under this Policy shall be subject to claims of creditors, except as may be provided by an Assignment.
CREDITOR CLAIMS. Because the restricted fund is held for the purposes for which such funds were given, the parties intend that its assets are not subject to the claims of any creditor or to legal process resulting from activities of Grantor unrelated to such purposes.
CREDITOR CLAIMS. To the extent permitted baby applicable laws, no right or benefit under this Contract shall be subject to claims of creditors, except as may be provided by an Assignment.
CREDITOR CLAIMS. To the extent permitted by applicable laws, no right or benefit under this Contract shall be subject to claims of creditors, except as may be provided by an Assignment. DISCHARGE OF LIABILITY. We shall be discharged from all liability to the extent of any withdrawal, surrender or death benefit paid. Any payments made by us under any Payment Option shall discharge our liability to the extent of each such payment.
CREDITOR CLAIMS. To the extent permitted by applicable laws, no right or benefit under this Contract shall be subject to claims of creditors, except as may be provided by an Assignment. DISCHARGE OF LIABILITY. We shall be discharged from all liability to the extent of any withdrawal, surrender or death benefit paid. Any payments made by us under any Payment Option shall discharge our liability to the extent of each such payment. INITIAL PREMIUM. The initial Premium is shown in the Contract Schedule, and is payable on or before the Contract Date. ADDITIONAL PREMIUMS. You may make additional premium payments at any time during the Annuitant's lifetime and before the Maturity Date. The amount of additional premium payments may very. The minimum additional premium that we will accept is shown in the Contract Schedule. NET PREMIUM. The Net Premium is the premium paid less any premium tax levied on us relating to this Contract for the year the premium is paid. THE VARIABLE ACCOUNT VARIABLE ACCOUNT. We have established the Providentmutual Variable Annuity Separate Account (the "Variable Account"). The Variable Account is registered with the Securities and Exchange Commission as a unit investment trust under the Investment Company Act of 1940. The Variable Account is also subject to the laws of the State of Delaware. Although we own the assets in the Variable Account, these assets are held separately from our other assets and are not part of our General Account. The assets in the Variable Account are used to support the operation of and provide the variable values and benefits for this Contract and similar Contracts. The portion of the assets of the Variable Account equal to the reserves and other contract liabilities of the Variable Account will not be charged with liabilities that arise from any other business that we conduct. We have the right to transfer to our General Account any assets of the Variable Account which are in excess of such reserves and other liabilities.
CREDITOR CLAIMS. Because the Restricted Fund is held under the charitable trust doctrine for the purposes of the Project specifically as understood by and with funding sources, the parties intend that assets in the Restricted Fund or otherwise held for the purposes of the Project are not subject to the claims of any creditor or to legal process resulting from activities of Grantor unrelated to such purposes.
CREDITOR CLAIMS. The principal of the Trust, and any earnings thereon shall be held separate and apart from other funds of Company and shall be used exclusively for the uses and purposes of Plan participants and general creditors as herein set forth. Plan participants and their beneficiaries shall have no preferred claim on, or any beneficial ownership interest in, any assets of the Trust. Any rights created under the Plan and this Trust Agreement shall be mere unsecured contractual rights of Plan participants and their beneficiaries against Company. Any assets held by the Trust will be subject to the claims of Company's general creditors under federal and state law in the event of Insolvency, as defined in Section 4(a) herein.
CREDITOR CLAIMS. In addition to any other indemnities provided in this Agreement, the Seller shall indemnify and hold the Purchaser harmless from and against any and all liens claimed against any of the Transferred Assets by any creditor arising from any credit extended to the Seller prior to the Closing.
CREDITOR CLAIMS. Seller shall comply with all applicable laws (including the requirements of the California Business & Professions Code) relating to liquor licenses through the closing of the Liquor Escrow. Seller shall satisfy all claims of creditors of Seller relating to the purchase and sale of all Liquor Inventory as of the Closing.
CREDITOR CLAIMS. The Trust Fund shall not be subject to the claims of the general creditors of the Company. No part of the corpus or income of the Trust Fund shall be recoverable by the Company or used for any purpose other than for the exclusive purpose of providing Bonus payments to Participants or their Beneficiaries and defraying reasonable expenses of administering the Trust in accordance with the provisions of this Trust Agreement.
