EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. Notwithstanding anything to the contrary, the parties herein understand and agree that the payment of the benefits provided herein are subject to the Life Insurance Policy’s suicide and contestability clauses and other such clauses, and if such clauses preclude the Insurer from paying the full death proceeds, then, in such event, no death benefits of whatever nature shall be payable to Insured’s (or Insured’s Assignee’s) beneficiary(ies) under this Agreement.
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Samples: Split Dollar Agreement (Bank Holdings), Split Dollar Agreement (Bank Holdings), Dollar Agreement (Bank Holdings)
EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. Notwithstanding anything to the contrary, the The parties herein understand and agree that the payment of the benefits provided herein are subject to the Life Insurance Policy’s Policy’s(ies’) suicide and contestability clauses and other such clauses, and if such clauses preclude the Insurer from paying the full death proceeds, then, in such event, no death benefits of whatever nature shall be payable to Insured’s (or Insured’s Assignee’sAssignees) beneficiary(iesBeneficiary(ies) under this Agreement.
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EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. Notwithstanding anything to the contrary, the The parties herein understand and agree that the payment of the benefits provided herein are subject to the Life Insurance Policy’s (Policies’) suicide and contestability clauses and other such clauses, and if such clauses preclude the Insurer from paying the full death proceeds, then, in such event, no death benefits of whatever nature shall be payable to Insured’s (or Insured’s Assigneeassignee’s) beneficiary(iesBeneficiary(ies) under this Agreement. 17.
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EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. Notwithstanding anything to the contrary, the The parties herein understand and agree that the payment of the benefits provided herein are subject to the Life Insurance Policy’s (Policies’) suicide and contestability clauses and other such clauses, and if such clauses preclude the Insurer from paying the full death proceeds, then, in such event, no death benefits of whatever nature shall be payable to Insured’s (or Insured’s Assigneeassignee’s) beneficiary(iesBeneficiary(ies) under this Agreement.
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Samples: Split Dollar Agreement (Heritage Financial Corp /Wa/)