Purchase of Policies. 2.1 The parties hereto have taken or will take all necessary action to cause the Insurers to issue the Policies, and shall take any further action which may be necessary to cause the Policies to conform to the provisions of this Agreement. The parties hereto agree that the Policies shall be subject to the terms and conditions of this Agreement and of the endorsement to the Policies filed with the Insurers.
Purchase of Policies. The Corporation may purchase one or more Policies that will be subject to this Agreement. The Face Amount of Insurance and Death Benefit of any Policies shall be reflected on Exhibit A attached hereto. The maximum Face Amount of Insurance of the Policies subject to this Agreement shall be $200,000,000. The parties hereto will take all necessary action to cause the Insurer to issue the Policy, and shall take any further action which may be necessary to cause each Policy to conform to the provisions of this Agreement. The parties hereto agree that the Policies shall be subject to the terms and conditions of this Agreement and of the endorsement to the Policy to be filed with the Insurer.
Purchase of Policies. The Plan Administrator shall purchase policies on the lives of the Participants specified in the Adoption Agreement in the manner and amounts set forth in the Adoption Agreement. The death benefit payable under this Plan will be a Qualified Pre-Retirement Survivor Annuity and if applicable, any other additional incidental death benefit as selected by the employer in the Adoption Agreement.
Purchase of Policies. The Owner has purchased the Policies from the Insurer. The parties hereto have taken all necessary action to cause the Insurer to issue the Policies, and shall take any further action which may be necessary to cause the Policies to conform to the provisions of this Agreement. The parties hereto agree that the Policies shall be subject to the terms and conditions of this Agreement and of the collateral assignments filed with the Insurer relating to the Policies. All capitalized words and phrases not otherwise defined herein shall have the same meaning such words and phrases have in the Policies.
Purchase of Policies. The Trust had previously purchased the Policies from the Insurer; the Policies have been reissued to the Company as the owner, each with face amounts of $6,219,128 (as of January 31, 2008) and Increasing Death Benefit Option (as such term is defined in the Policies). The parties hereto will take all necessary action to cause both of the Policies to conform to the provisions of this Agreement. The parties hereto agree that the Policies shall be subject to the terms and conditions of this Agreement and of the endorsement to each of the Policies or beneficiary designation filed with the Insurer in accordance herewith.
Purchase of Policies. The Owner shall purchase the Policies described in Exhibit A from the Insurer. The parties have taken all necessary action to cause the Insurers to issue the Policies and shall take any further action which may be necessary to cause the Policies to conform to the provision of this Agreement. The parties agree that the Policies shall be subject to the terms and conditions of this Agreement and of the collateral assignments (the "Collateral Assignments") filed with the Insurers relating to the Policies.
Purchase of Policies. The Plan Administrator shall purchase policies on the lives of the Participants specified in Section III.G.2 of the Adoption Agreement in the manner and amounts set forth in Section III.G.1 of the Adoption Agreement.
Purchase of Policies. The Employee has purchased the Policies from the Insurer in the total face amount listed on Exhibit A. The parties hereto have taken all necessary action to cause the Insurer to issue the Policies, and shall take any further action which may be necessary to cause the Policies to conform to the provisions of this Agreement. The parties hereto agree that the Policies shall be subject to the terms and conditions of this Agreement and of the collateral assignment filed with the Insurer relating to the Policies. All capitalized words and phrases not otherwise defined herein shall have the same meaning such words and phrases have in the Policies.
Purchase of Policies. In the event that MILP shall transfer all of its Shares other than pursuant to Article I hereof or, in the event that this Agreement shall terminate, then, in either event, Mostafa shall have the right to purchase from the Corporation any Life Insurance Policies on which he is the named insured, by paying to the Corporation an amount equal to the cash value of such policy (policies), if any, the unearned premiums on such policy (policies) or One Dollar ($1.00), whichever is greatest.
Purchase of Policies. The Owner has purchased the Policies on the --------------------- lives of the Insureds from the Insurers, each of which has a total Face Amount of Insurance of $25,000,000. The parties hereto have taken all necessary action to cause the Insurers to issue the Policies, and shall take any further action which may be necessary to cause the Policies to conform to the provisions of this Agreement. The parties hereto agree that the Policies shall be subject to the terms and conditions of this Agreement and of the collateral assignments filed with the Insurers relating to the Policies. All capitalized words and phrases not otherwise defined herein shall have the same meaning such words and phrases have in the Policies.
