OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner's claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer.
OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner's claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer. The Insurer may rely on a sworn statement in form satisfactory to it furnished by the Owner, its successors or assigns, as to their interest, and any payments made pursuant to such statement shall discharge the Insurer accordingly. The owner accepts and agrees to this split dollar endorsement. Any transferee's rights shall be subject to this Endorsement. The undersigned is signing in a representative capacity and warrants that he or she has the authority to bind the entity on whose behalf this document is being executed. Signed at Wilmington, North Carolina, this 17th day of January, 2002. COOPERATIVE BANK FOR SAVINGS By /s/ Frederick Willetts, III ----------------------------------------------- Title President ----------------------------------------------- ACCEPTANCE AND BENEFICIARY DESIGNATION -------------------------------------- The Insured accepts and agrees to the foregoing and, subject to the rights of the Owner as stated above, designates the following as beneficiary(s) of the portion of the proceeds described in paragraph (2) above:
OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner's claim to rights hereunder without investigating the reason for any action taken by the Owner, including the Owner's statement of the amount of premiums the Owner has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer. The Insurer may rely on a sworn statement in form satisfactory to it furnished by the Owner, its successors or assigns, as to their interest and any payments made pursuant to such statement shall discharge the Bank accordingly.
OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner’ s claim to rights hereunder without investigating the reason for any action taken by the Owner, including the Owner’ s statement of the amount of premiums the Owner has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer. The Insurer may rely on a sworn statement in form satisfactory to it furnished by the Owner, its successors or assigns, as to their interest and any payments made pursuant to such statement shall discharge Central Valley Community Bank accordingly.
OWNERS AUTHORITY. OWNER has the final authority in all matters affecting the work. OWNER has the authority to enforce CONTRACTOR’s compliance with the Contract Documents. OWNER’s decision is final and binding on all questions relating to: quantities; acceptability of material, equipment, or work; execution, progress, or sequence of work; and interpretation of the Contract Documents. All labor, materials, tools, equipment furnished by CONTRACTOR and all work performed by CONTRACTOR shall be subject to OWNER’s approval.
OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner's claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer. The owner accepts and agrees to this split dollar endorsement. Any transferee's rights shall be subject to this Endorsement. The undersigned is signing in a representative capacity and warrants that he or she has the authority to bind the entity on whose behalf this document is being executed. Signed at El Centro, California, this 1st day of July, 2002. VALLEY INDEPENDENT BANK By /s/ Dennis L. Kern ----------------------------- Xitle President & CEO -------------------------- ACCEPTANCE AND BENEFICIARY DESIGNATION The Insured accepts and agrees to the foregoing and, subject to the rights of the Owner as stated above, designates the following as beneficiary(s) of the portion of the proceeds described in paragraph (2) above: Primary Beneficiary: ___________________________________________________________ Relationship and Social Security Number: ________________________________ Contingent Beneficiary (if the Primary is deceased): __________________________ Relationship and Social Security Number: ________________________________ Signed at El Centro, California, this 1st day of July, 2002. THE INSURED: /s/ Harry G. Gooding -------------------------------- Xarry G. Gooding FIRST AMENDMENT TO THE VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT FOR HARRY G. GOODING THIS AMENXXXXX xx xxxxxxx this 1st day of July, 2002, by and between VALLEY INDEPENDENT BANK, located in El Centro, California (the "Company") and HARRY G. GOODING (the "Executive"). Xxx Xxxpany and the Executive executed the VALLEY INDEPENDENT BANK EXECUTIVE BONUS AGREEMENT on November 13, 2000 (the "Agreement"). The undersigned hereby amends, in part, said Agreement to define the Bonus Award in lieu of a schedule that was previously attached to the Agreement and update for recent regulatory changes. Therefore, the following revisions shall be made:
OWNERS AUTHORITY. Owner represents and warrants that it has full power, authority and legal right to execute, deliver and perform this Agreement.
OWNERS AUTHORITY. Owner shall retain full care, custody and control of the Vessel including final authority with respect to the management and operation of the Vessel, including any determination regarding conditions affecting the safety of its crew and passengers, and the safe navigation of the Vessel.
OWNERS AUTHORITY. Owner is the sole fee simple owner of the Property including the subsurface estate thereof, and has the unrestricted right and authority to execute this Agreement and to grant to Tenant the rights granted hereunder. Each person signing this Agreement on behalf of Owner is authorized to do so. Upon execution by all Parties hereto, this Agreement shall constitute a valid and binding agreement enforceable against Owner in accordance with its terms. Each person/entity comprising Owner, as listed in the preamble to this Agreement, owns the fractional interest in the Property set forth below: Fractional Ownership: 100 %
OWNERS AUTHORITY. Owner has the full power and authority, and has complied with all public hearing and other procedural requirements, needed to enter into and consummate this Option Agreement, and any Ground Lease Agreement with respect to its ownership interest in the Property.
