Eligible Policies. Each of the Subject Policies as of the Closing Date was an Eligible Policy, as determined by the Required Lenders in their sole and absolute discretion, it being understood that such determination shall not operate as a waiver by the Administrative Agent or any Lender of any right or remedy hereunder or under any other Transaction Document if it is subsequently discovered that any such Subject Policy was not an Eligible Policy as of the Closing Date.
Eligible Policies. As of the Closing Date, each Pledged Policy is an Eligible Policy. As of the date of any Borrowing Request relating to an Additional Policy Advance and the date of such Additional Policy Advance, each Additional Policy that will become a Pledged Policy on the relevant Advance Date is or will be an Eligible Policy.
Eligible Policies. Each of the Additional Policies being funded on the related Subsequent Advance Date shall be an Eligible Policy, as determined by the Required Lenders in their sole discretion.
Eligible Policies. As of the Closing Date, (i) each Policy that was a Pledged Policy as of the Closing Date was an Eligible Policy and no Policy that was a Pledged Policy as of the Closing Date was subject to any Applicable Law that made unlawful the sale, transfer or assignment of such Pledged Policy and (ii) with respect to each Policy that was a Pledged Policy as of the Closing Date, the Borrower was not aware of any agreements, documents, assignments or instruments related to such Policy except for those documents, assignments, and instruments that constitute and were included in the related Collateral Package that was delivered to the Administrative Agent and such Collateral Package contained, at the very least, the documents set forth in Exhibit M to the Account Control Agreement. As of the date of the Borrowing Request relating to the Second Initial Advance and the date of the Second 96324738v.8 Initial Advance, (i) each Policy that became a Pledged Policy on the relevant Advance Date was an Eligible Policy and was not subject to any Applicable Law that makes unlawful the sale, transfer or assignment of such Policy and (ii) with respect to each Policy that became a Pledged Policy on the relevant Advance Date, the Borrower was not aware of any agreements, documents, assignments or instruments related to such Policy except for those documents, assignments, and instruments that constituted and were included in the related Collateral Package that was delivered to the Administrative Agent and such Collateral Package contained, at the very least, the documents set forth in Exhibit M to the Account Control Agreement. As of the date of any Borrowing Request relating to an Additional Policy Advance and the date of such Additional Policy Advance, (i) each Additional Policy that will become a Pledged Policy on the relevant Advance Date is or will be an Eligible Policy and is not subject to any Applicable Law that makes unlawful the sale, transfer or assignment of such Additional Policy and (ii) with respect to each Additional Policy that will become a Pledged Policy on the relevant Advance Date, the Borrower is not aware of any agreements, documents, assignments or instruments related to such Policy except for those documents, assignments, and instruments that constitute and were included in the related Collateral Package that was delivered to the Administrative Agent and such Collateral Package contains, at the very least, the documents set forth in Exhibit M to the Account Con...
Eligible Policies. Variable Universal Life III policies and increases (not otherwise eligible for the Ceding Company’s Salvage program) that are entered into the Ceding Company’s new business system on or after the Effective Date of this Agreement or those policies issued as continuations of such policies under the Agreement . .
Eligible Policies. All terms and conditions of this Agreement not in conflict with the terms and conditions of this Amendment will continue unchanged. In witness whereof, this Agreement is hereby executed in good faith by both parties in duplicate: By: /s/ Xx Xxxxxxxx Witness: /s/ Xxxxxx X. Xxxxx XX Xx Xxxxxxxx Xxxxxx X. Xxxxx, XX Second Vice President & Actuary Second Vice President & Actuary Date: 7/2/02 Date: 7/2/02 By: /s/ Xx Xxxxxxxx Witness: /s/ Xxxxxx X. Xxxxx XX Xx Xxxxxxxx Xxxxxx X. Xxxxx, XX Second Vice President & Actuary Second Vice President & Actuary Date: 7/2/02 Date: 7/2/02 By: /s/ Xxxxx X. Xxxxxx Witness: /s/ Xxxxxx X. Xxxxx XX Xxxxx X. Xxxxxx Xxxxxx X. Xxxxx, XX Second Vice President & Actuary Second Vice President & Actuary Date: 7/15/02 Date: 7/15/02 By: /s/ (signature not legible) Witness: /s/ (signature not legible) Title: Second Vice President Title: Associate Actuary Date: 6/21/02 Date: 6/21/02 AMENDMENT to MML BAY STATE LIFE INSURANCE COMPANY, and Effective March 19, 2004, the Ceding Company and the Reinsurer agree to amend the above-referenced Agreement(s) to include the following language: The Auto Bind Limit will now be .
Eligible Policies. [ ]Variable Life Insurance Policies and increases that are entered into the Ceding Company’s new business system on or after the Effective Date of this Agreement or those Policies issued as conversions of such Policies under the Agreement (including Policies [ ]the Effective Date of this Agreement).
Eligible Policies. Each of the Subject Policies as of the date of the Second Initial Advance was an Eligible Policy, as determined by the Required Lenders in their sole and absolute discretion, it being understood that such determination shall not operate as a waiver by the Administrative Agent or any Lender of any right or remedy hereunder or under any other Transaction Document if it is subsequently discovered that any such Subject Policy was not an Eligible Policy as of the date of the Second Initial Advance.
Eligible Policies. Each of the Subject Policies as of the date of the making of such Advance was an Eligible Policy, as determined by the Required Lenders in their sole and absolute discretion, it being understood that such determination shall not operate as a waiver by the Administrative Agent or any Lender of any right or remedy hereunder or under any other Transaction Document if it is subsequently discovered that any such Subject Policy was not an Eligible Policy as of the date of such Advance.
Eligible Policies. Reinsurance for all Policies eligible for recapture shall be reduced by the amount necessary to increase the total amount retained on the life up to the new Maximum Dollar Retention.
