Liquidity Provision. If, during the term of this Agreement, Subsidiary 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 Subsidiary, 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 Subsidiary as a loan, such loan shall be on such terms and conditions, including maturity and rate of interest, as AIG and Subsidiary shall agree.
Appears in 5 contracts
Samples: Agreement Between American (Variable Annuity Account Seven), Agreement Between American (Fs Variable Annuity Account Five), Fs Variable Annuity Account Two
Liquidity Provision. If, during the term of this Agreement, Subsidiary 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 Subsidiary, such funds in cash, either as equity or as a loan at AIG's ’s option, on a timely basis. If such funds are advanced to Subsidiary as a loan, such loan shall be on such terms and conditions, including maturity and rate of interest, as AIG and Subsidiary shall agree.
Appears in 4 contracts
Samples: Agreement (Aig Sunamerica Life Assurance Co), Agreement Between American (First Sunamerica Life Insurance Co), Agreement (Fs Variable Annuity Account Nine)
