Liquidity Provision. If during the term of this Agreement AIG Life needs funds not otherwise available to it to make timely payment of its obligations under the policies or otherwise, AIG shall provide, at the request of AIG Life, such funds in cash, either as equity or as a loan at AIG's option, on a timely basis. If such funds are advanced to AIG Life as a loan, such loan shall be on such terms and conditions, including maturity and rate of interest, as AIG and AIG Life shall agree.
Appears in 8 contracts
Samples: Agreement (Variable Account Ii Aig Life Insurance Co), Agreement (Variable Account I of Aig Life Ins Co), Agreement (Variable Account Ii Aig Life Insurance Co)
Liquidity Provision. If during the term of this Agreement AIG A.I. Life needs funds not otherwise available to it to make timely payment of its obligations under the policies or otherwise, AIG shall provide, at the request of AIG A.I. Life, such funds in cash, either as equity or as a loan at AIG's option, on a timely basis. If such funds are advanced to AIG A.I. Life as a loan, such loan shall be on such terms and conditions, including maturity and rate of interest, as AIG and AIG A.I. Life shall agree.
Appears in 4 contracts
Samples: Agreement (Variable Account B American Intl Life Assur Co of New York), Agreement (Variable Account B American Intl Life Assur Co of New York), Agreement (Variable Account B American Intl Life Assur Co of New York)
Liquidity Provision. If during the term of this Agreement AIG Life needs ------------------- funds not otherwise available to it to make timely payment of its obligations under the policies or otherwise, AIG shall provide, at the request of AIG Life, such funds in cash, either as equity or as a loan at AIG's option, on a timely basis. If such funds are advanced to AIG Life as a loan, such loan shall be on such terms and conditions, including maturity and rate of interest, as AIG and AIG Life shall agree.
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