Common use of Issuance of the Notes Clause in Contracts

Issuance of the Notes. Contemporaneously with the execution and delivery of the Agreement, the Trust shall enter into the Indenture and, in accordance with the Indenture, issue and deliver or cause to be issued and delivered the aggregate principal amount of the Notes, specified in the related Pricing Supplement or supplement to the Indenture against payment therefor. The Holders of the Notes shall only have a right to receive payments from the Collateral as described in the Indenture and shall have no right to receive payments under the assets held in any other trust organized under the Program.

Appears in 4 contracts

Samples: Trust Agreement (Hartford Life Insurance Co), Trust Agreement (Hartford Life Insurance Co), Trust Agreement (Hartford Life Insurance Co)

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Issuance of the Notes. Contemporaneously with Promptly following the execution and delivery of the Trust Agreement, the Trust shall enter into the Indenture andshall, in accordance with the Indenture, issue and deliver or cause to be issued and delivered the aggregate principal amount of the Notes, Notes specified in the related Pricing Supplement or supplement to the Indenture against payment therefor. The Holders of the Notes shall only have a right to receive payments from the Collateral as described in the Indenture and shall have no right to receive payments under the assets held in any other trust organized under the Program.

Appears in 3 contracts

Samples: Omnibus Instrument (Principal Life Insurance Co), Omnibus Instrument (Principal Life Insurance Co), Omnibus Instrument (Principal Life Insurance Co)

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