Common use of Stock Ownership Clause in Contracts

Stock Ownership. During the term of this Agreement, AIG will be the ultimate beneficial owner of all of the capital stock of Subsidiary now or hereafter issued and outstanding and AIG agrees that it will not pledge, assign or otherwise encumber such capital stock.

Appears in 9 contracts

Samples: Agreement (Variable Annuity Account Nine), Agreement (Aig Sunamerica Life Assurance Co), Agreement (Fs Variable Annuity Account Nine)

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Stock Ownership. During the term of this Agreement, Agreement AIG will be the ultimate beneficial owner of all of the capital stock of Subsidiary AIG Life now or hereafter issued and outstanding and AIG agrees that it will not pledge, assign or otherwise encumber such capital stock.

Appears in 8 contracts

Samples: Termination Notice (Variable Account II of AGL of Delaware), Agreement Between Aig and Aig Life Insurance Company (Variable Account Ii Aig Life Insurance Co), Agreement (Variable Account Ii Aig Life Insurance Co)

Stock Ownership. During the term of this Agreement, Agreement AIG will be the ultimate beneficial owner of all of the capital stock of Subsidiary A. I. Life now or hereafter issued and outstanding and AIG agrees that it will not pledge, assign or otherwise encumber such capital stock.

Appears in 2 contracts

Samples: Agreement (Variable Account B American Intl Life Assur Co of New York), Agreement (Variable Account B American Intl Life Assur Co of New York)

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Stock Ownership. During the term of this Agreement, Agreement AIG will be the --------------- ultimate beneficial owner of all of the capital stock of Subsidiary AIG Life now or hereafter issued and outstanding and AIG agrees that it will not pledge, assign or otherwise encumber such capital stock.

Appears in 1 contract

Samples: Notice of Termination (Variable Account II of AGL of Delaware)

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