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. 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. Client will identify certain claims of creditors (the “Creditors Claims”) and the confirmed debt of each identified Creditor Claim (the “Confirmed Debt”). Client will provide all reasonably requested information regarding the Creditor Claims and all underlying and supporting documentation as may be requested by Xx. Xxxxxxxx and his designated agents and representatives.
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.
CREDITOR CLAIMS. Subsidiary, Corporation and Corporation's Preferred Shareholders shall each indemnify, defend, and hold harmless Buyer and its Officers, Directors, financial advisors (including investment bankers, underwriters and certified public accountants, attorneys, employees and agents) (all of whom are collectively referred to as "Buyer Indemnities") against and in respect of any and all claims, demands, losses, costs, expenses, obligations, liabilities, damages, recoveries, and deficiencies, including interest, penalties, fines and reasonable attorneys' fees (collectively referred to as "Claims"), that Buyer shall incur or suffer, which arise, result from, or relate to any breach of, or failure by Selling Parties to perform any of their representations, warranties, covenants, or agreements in this Agreement or in any schedule, certificate, exhibit, or other instrument furnished or to be furnished by Selling Parties under this Agreement or arise, result from, or relate to any bankruptcy proceeding instituted by or against any of the Selling Parties including, without limitation, any recovery of the Assets, or any of them, as a preference under the Bankruptcy Code. In the event that Subsidiary, Corporation and/or Corporation's Preferred Shareholders defend the Buyer Indemnities under this Subsection (a), then they shall have the right to direct and control the defense, and Buyer Indemnities shall not be entitled to any attorneys' fees related to such defense.
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. The Policy or any comparable policy subject to this agreement are general assets of the Company and shall be subject to the claims of the Company's creditors.
