LIMITATION ON OWNER'S RIGHTS IN POLICY. (a) The Owner shall take no action with respect to the Policy that would in any way compromise or jeopardize the Corporation's right to be repaid its Collateral Interest in the Policy.
Appears in 4 contracts
Samples: Split Dollar Agreement (International Speedway Corp), Split Dollar Agreement (International Speedway Corp), Split Dollar Agreement (International Speedway Corp)
LIMITATION ON OWNER'S RIGHTS IN POLICY. (a) a. The Owner shall take no action with respect to the Policy that which would in any way compromise or jeopardize the Corporation's right to be repaid its Collateral Interest the amounts it has paid toward premiums on the Policy while this Agreement is in the Policyeffect.
Appears in 1 contract
Samples: Split Dollar Agreement (Saturn Electronics & Engineering Inc)
