Common use of POLICY TITLE AND OWNERSHIP Clause in Contracts

POLICY TITLE AND OWNERSHIP. The parties agree that title and ownership in the Policy shall reside in the Bank for its use and for the use of the Insured all in accordance with this Agreement. The Bank alone may, to the extent of its interest, exercise the right to borrow or withdraw on the Policy cash values. Where the Bank and the Insured (or assignee, with the consent of the Insured) mutually agree to exercise the right to increase the coverage under the Policy, then, in such event, the rights, duties and benefits of the parties to such increased coverage shall continue to be subject to the terms of this Agreement.

POLICY TITLE AND OWNERSHIP. The parties agree that title Title and ownership in to the Policy shall reside in the Bank for its use and for the use of the Insured all in accordance with this Agreement. The Bank alone may, to the extent of its interest, exercise the right to borrow or withdraw on the Policy cash values. Where the Bank and the Insured (or assignee, with the consent of the Insured) mutually agree to exercise the right to increase the coverage under the Policy, then, in such event, then the rights, duties and benefits of the parties to such increased coverage shall continue to be subject to the terms of this Agreement.

POLICY TITLE AND OWNERSHIP. The parties agree that title Title and ownership in of the Policy Policies referenced above shall reside in the Bank for its use and for the use of the Insured all in accordance with this Agreement. The Bank alone may, to the extent of its interest, exercise the right to borrow or withdraw on the Policy policy cash values. Where the Bank and the Insured (or assignee, with the consent of the Insured) mutually agree to exercise the right to increase the coverage under the Policysubject policy, then, in such event, the rights, duties and benefits of the parties to such increased coverage shall continue to be subject to the terms of this Agreement.

POLICY TITLE AND OWNERSHIP. The parties agree that title shall cooperate in applying for and obtaining the policy. Title and ownership in the Policy shall reside in the Bank for its use and for the use of the Insured all in accordance with this Agreement. The Bank alone may, to the extent of its interest, exercise the right to borrow or withdraw on the Policy policy cash values. Where the Bank and the Insured (or assignee, with the written consent of the Insured) mutually agree to exercise the right to increase the coverage under the Policysubject split dollar policy, then, in such event, the rights, duties duties, and benefits of the parties to such increased coverage shall continue to be subject to the terms of this Agreement.

POLICY TITLE AND OWNERSHIP. The parties agree that title Title and ownership in of the Policy shall reside in the Bank for its use and for the use of the Insured all in accordance with this Agreement. The Bank alone may, to the extent of its interest, exercise the right to borrow or withdraw on the Policy cash values. Where the Bank and the Insured (or assignee, with the consent of the Insured) mutually agree to exercise the right to increase the coverage under the subject Policy, then, in such event, the rights, duties and benefits of the parties to such increased coverage shall continue to be subject to the terms of this Agreement.

POLICY TITLE AND OWNERSHIP. The parties agree that title Title and ownership in the Policy shall reside in the Bank for its use and for the use of the Insured all in accordance with this Agreement. The Bank alone may, to the extent of its interest, exercise the right to borrow or withdraw on the Policy cash values. Where the Bank and the Insured (or assigneethe Insured's beneficiary[ies] or assignee[s], with the consent of the Insured) mutually agree to exercise the right to increase the coverage under the subject split dollar Policy, then, in such event, the rights, duties and benefits of the parties to such increased coverage shall continue to be subject to the terms of this Agreement.