Discharge of Liability. The Assignee’s liability to make each Periodic Payment to the Claimant or Successor Payee designated to receive such payment shall be discharged automatically at such time as a corresponding payment is made to such Claimant or Successor Payee by the Annuity Issuer.
Appears in 3 contracts
Samples: Confidential General Release and Settlement Agreement (Malibu Boats, Inc.), Non Qualified Assignment and Release Agreement, Qualified Assignment and Release Agreement
Discharge of Liability. The AssigneeOwner’s liability to make each Periodic Payment to the Claimant or Successor Payee designated to receive such payment shall be discharged automatically at such time as a corresponding payment is made to such Claimant or Successor Payee by the Annuity Issuer.
Appears in 2 contracts
Samples: Periodic Payment Agreement, Periodic Payment Agreement With Release (Ppar)
Discharge of Liability. The Assignee’s liability to make each Periodic Payment to the Claimant or Successor Payee designated to receive such payment Seller shall be discharged automatically at such time as a corresponding payment is made to such Claimant or Successor Payee the Seller by the Annuity Issuer. A payment shall be deemed made upon the mailing, or its electronic equivalent, tendering payment to the Seller’s address or account of record.
Appears in 2 contracts
Samples: Assignment Agreement, Assignment Agreement
Discharge of Liability. The Assignee’s liability to make each Periodic Payment to the Claimant or Successor Payee designated to receive such payment shall be discharged automatically at such time as a corresponding payment is made to such Claimant or Successor Payee by the Annuity IssuerPrudential.
Appears in 1 contract
