Common use of Delivery of Policies to Custodian Clause in Contracts

Delivery of Policies to Custodian. The originals of all Subject Policies (or, if not available, certified copies thereof), and all other documents comprising the related Custodial Packages (including all originals thereof, to the extent required or, if not required, to the extent available) were delivered to and are held by the Custodian, including evidence that all Premiums required to be funded prior to the date of the making of such advance in order to keep the Subject Policies in force and not in grace or lapse status through at least forty-five (45) days thereafter had been paid, and the Custodian shall have verified to the Administrative Agent in writing its receipt of all documents required to be contained in the related Custodial Package by having delivered the required certification pursuant to the terms of the Account Control Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (GWG Holdings, Inc.), Loan and Security Agreement (GWG Holdings, Inc.)

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Delivery of Policies to Custodian. The originals of all Subject Policies (or, if not available, certified copies thereof), and all other documents comprising the related Custodial Packages (including all originals thereof, to the extent required or, if not required, to the extent available) were shall have been delivered to and are held by the Custodian, including evidence that all Premiums required to be funded prior to the date of the making of such advance in order to keep the Subject Policies in force and not in grace or lapse status through at least forty-five (45) days thereafter had have been paid, and the Custodian shall have verified to the Administrative Agent in writing its receipt of all documents required to be contained in the related Custodial Package by having delivered delivering the required certification pursuant to the terms of the Account Control Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (GWG Holdings, Inc.)

Delivery of Policies to Custodian. The originals of all Subject Policies (or, if not available, certified copies thereof), and all other documents comprising the related Custodial Packages (including all originals thereof, to the extent required or, if not required, to the extent available) were shall have been delivered to and are held by the Custodian, including evidence that all Premiums required to be funded prior to the date of the making of such advance Second Amended and Restated Closing Date Advance in order to keep the Subject Policies in force and not in grace or lapse status through at least forty-five (45) days thereafter had have been paid, and the Custodian shall have verified to the Administrative Agent in writing its receipt of all documents required to be contained in the related Custodial Package by having delivered delivering the required certification pursuant to the terms of the Account Control Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (GWG Holdings, Inc.)

Delivery of Policies to Custodian. The originals of all Subject Policies (or, if not available, certified copies thereof), and all other documents comprising the related Custodial Packages (including all originals thereof, to the extent required or, if not required, to the extent available) were shall have been delivered to and are held by the Custodian, including evidence that all Premiums required to be funded prior to the date of the making of such advance Second A&R Advance in order to keep the Subject Policies in force and not in grace or lapse status through at least forty-five (45) days thereafter had have been paid, and the Custodian shall have verified to the Administrative Agent in writing its receipt of all documents required to be contained in the related Custodial Package by having delivered delivering the required certification pursuant to the terms of the Account Control Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (GWG Holdings, Inc.)

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Delivery of Policies to Custodian. The originals of all Subject Policies (or, if not available, certified copies thereof), and all other documents comprising the related Custodial Packages (including all originals thereof, to the extent required or, if not required, to the extent available) were shall have been delivered to and are held by the Custodian, including evidence that all Premiums required to be funded prior to the date of the making of such advance Second Initial Advance in order to keep the Subject Policies in force and not in grace or lapse status through at least forty-five (45) days thereafter had have been paid, and the Custodian shall have verified to the Administrative Agent in writing its receipt of all documents required to be contained in the related Custodial Package by having delivered delivering the required certification pursuant to the terms of the Account Control Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (GWG Holdings, Inc.)

Delivery of Policies to Custodian. The originals of all Subject Policies (or, if not available, certified copies thereof), and all other documents comprising the related Custodial Packages (including all originals thereof, to the extent required or, if not required, to the extent available) were shall have been delivered to and are held by the Custodian, including evidence that all Premiums required to be funded prior to the date of the making of such advance Closing Date in order to keep the Subject Policies in force and not in grace or lapse status through at least forty-five (45) days thereafter had have been paid, and the Custodian shall have verified to the Administrative Agent in writing its receipt of all documents required to be contained in the related Custodial Package by having delivered delivering the required certification pursuant to the terms of the Account Control Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (GWG Holdings, Inc.)

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