Life Insurance Assignment. Lender shall have received a duly executed life insurance assignment as collateral (the "Life Insurance Assignment") on the life of Xxxxx X. Xxxxx, which shall be in an amount equal to $500,000. The Life Insurance Assignment shall be in form, scope and substance satisfactory to Lender.
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Samples: Asset Purchase Agreement (Memry Corp), Credit and Security Agreement (Memry Corp)
Life Insurance Assignment. Lender shall have received a duly executed life insurance assignment as collateral (the "Life Insurance Assignment") on the life of Xxxxx Xxxxxxx X. XxxxxXxxxxxx, which shall be in an amount equal to at least Two Hundred Fifty Thousand ($500,000250,000.00) Dollars. The Life Insurance Assignment shall be in form, scope and substance satisfactory to LenderLender and its counsel.
Appears in 1 contract
Samples: Loan and Security Agreement (Saztec International Inc)
Life Insurance Assignment. Lender shall have received a duly executed life insurance assignment as collateral (the "Life Insurance AssignmentLIFE INSURANCE ASSIGNMENT") on the life of Xxxxx X. Xxxxx, which shall be in an amount equal to at least $500,000. The Life Insurance Assignment shall be in form, scope and substance satisfactory to Lender.
Appears in 1 contract
