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.
Appears in 2 contracts
Samples: Loan and Security Agreement (Emergent Capital, Inc.), Loan and Security Agreement (Imperial Holdings, Inc.)
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.. Loan and Security Agreement
Appears in 1 contract
Samples: Loan and Security Agreement (Imperial Holdings, Inc.)
Eligible Policies. As of the Initial Closing Date, each Pledged Policy is was an Eligible Policy. As of December 29, 2016, each Additional Policy that became a Pledged Policy on such date was an Eligible Policy. As of the date of any Borrowing Request relating to an any other 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.
Appears in 1 contract
Samples: Loan and Security Agreement (Emergent Capital, Inc.)
Eligible Policies. As of the Initial Closing Date, each Pledged Policy is was 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.
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Imperial Holdings, Inc.)
