Common use of Rights of Insured or Assignees Clause in Contracts

Rights of Insured or Assignees. The Insured may not, without the written consent of the Bank, assign to any individual, trust or other organization, any right, title or interest in the subject Policy nor any rights, options, privileges or duties created under this Agreement.

Appears in 11 contracts

Samples: Atlantic Coast Bank (Atlantic Coast Federal Corp), Bank Split Dollar Life Insurance Agreement (United Financial Bancorp Inc), Dollar Life Insurance Agreement (Atlantic Coast Federal Corp)

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Rights of Insured or Assignees. The Insured may not, without the written consent of the Bank, assign to any individual, trust or other organization, any right, title or interest in the subject Policy nor any rights, options, privileges or duties created under this Agreement, other than the right to name a Beneficiary(ies) from time to time.

Appears in 4 contracts

Samples: Executive Life Insurance Agreement (Kearny Financial Corp.), Kearny Federal Savings (Kearny Financial Corp.), Kearny Federal Savings (Kearny Financial Corp.)

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