Common use of DIVISION OF THE CASH SURRENDER VALUE OF THE POLICY Clause in Contracts

DIVISION OF THE CASH SURRENDER VALUE OF THE POLICY. The Bank shall at all times be entitled to an amount equal to the policy’s cash value, as that term is defined in the policy contract, less any policy loans and unpaid interest or cash withdrawals previously incurred by the Bank and any applicable surrender charges. Such cash value shall be determined as of the date of surrender or death as the case may be.

DIVISION OF THE CASH SURRENDER VALUE OF THE POLICY. The Bank shall at all times be entitled to an amount equal to the policy’s 's cash value, as that term is defined in the policy contract, less any policy loans and unpaid interest or cash withdrawals previously incurred by the Bank and any applicable surrender charges. Such cash value shall be determined as of the date of surrender or death as the case may be.

DIVISION OF THE CASH SURRENDER VALUE OF THE POLICY. The Bank or the Trust shall at all times be entitled to an amount equal to the policy’s cash value, as that term is defined in the policy contract, less any policy loans and unpaid interest or cash withdrawals previously incurred by the Bank or the Trustee at the direction of the Bank and any applicable surrender charges. Such cash value shall be determined as of the date of surrender or death as the case may be.

DIVISION OF THE CASH SURRENDER VALUE OF THE POLICY. The Bank shall at all times be entitled to an amount equal to the policyPolicy’s cash value, as that term is defined in the policy Policy contract, less any policy Policy loans and unpaid interest or cash withdrawals previously incurred by the Bank and any applicable surrender charges. Such cash value shall be determined as of the date of surrender or death as the case may be.

DIVISION OF THE CASH SURRENDER VALUE OF THE POLICY. The Bank shall at all times be entitled to an amount equal to the policy’s entire cash value, as that term is defined in the policy contract, less any policy loans and unpaid interest or cash withdrawals previously incurred by the Bank and any applicable surrender charges. Such cash value shall be determined as of the date of surrender or death as the case may be. Neither the Insured nor the Insured’s assignee shall at any time have any interest in the policy’s cash value.

DIVISION OF THE CASH SURRENDER VALUE OF THE POLICY. The Bank Institution shall at all times be entitled to an amount equal to the policy’s 's cash value, as that term is defined in the policy contract, less any policy loans and unpaid interest or cash withdrawals previously incurred by the Bank Institution and any applicable surrender charges. Such cash value shall be determined as of the date of surrender or death as the case may be.

DIVISION OF THE CASH SURRENDER VALUE OF THE POLICY. The Bank shall at all times be entitled to an amount equal to the policy’s cash total account value, as that term is defined in the policy contract, less any policy loans and unpaid interest or cash withdrawals previously incurred by the Bank and any applicable surrender charges. Such cash account value shall be determined as of the date of surrender or death as the case may be.

DIVISION OF THE CASH SURRENDER VALUE OF THE POLICY. The Bank shall at all times be entitled to an amount equal to the policy’s 's cash value, as that term is defined in the policy contract, less any policy loans and unpaid interest or cash withdrawals previously incurred by the Bank and any applicable surrender charges. Such cash value shall be determined as of the date of surrender or death as the case may be.

DIVISION OF THE CASH SURRENDER VALUE OF THE POLICY. The Bank or the Trust, in the discretion of the Bank, shall at all times be entitled to an amount equal to the policy’s cash value, as that term is defined in the policy contract, less any policy loans and unpaid interest or cash withdrawals previously incurred by the Bank or the Trustee at the direction of the Bank and any applicable surrender charges. Such cash value shall be determined as of the date of surrender or death of the Insured as the case may be.

DIVISION OF THE CASH SURRENDER VALUE OF THE POLICY. The Bank shall at all times be entitled to an amount equal to the policy’s entire cash value, as that term is defined in the policy contract, less any policy loans and unpaid interest or cash withdrawals previously incurred by the Bank and any applicable surrender charges. Such cash value shall be determined as of the date of surrender or death as the case may be. Neither the Insured nor the Insured's assignee shall at any time have any interest in the policy's cash value.

DIVISION OF THE CASH SURRENDER VALUE OF THE POLICY. The Bank shall at all times be entitled to an amount equal to the policy’s 's entire cash value, as that term is defined in the policy contract, less any policy loans and unpaid interest or cash withdrawals previously incurred by the Bank and any applicable surrender charges. Such cash value shall be determined as of the date of surrender or death as the case may be. Neither the Insured nor the Insured's assignee shall at any time have any interest in the policy's cash value.

DIVISION OF THE CASH SURRENDER VALUE OF THE POLICY. The Bank or the Trust, in the discretion of the Bank, shall at all times be entitled to an amount equal to the policy’s 's cash value, as that term is defined in the policy contract, less any policy loans and unpaid interest or cash withdrawals previously incurred by the Bank or the Trustee at the direction of the Bank and any applicable surrender charges. Such cash value shall be determined as of the date of surrender or death of the Insured as the case may be.