Transfer of Policies Sample Clauses

Transfer of Policies. (a) Upon the Participant's retirement, the Trustee shall, upon instructions from the Committee, either transfer and deliver to the Participant any policy held on his behalf (with such endorsements as the Committee may direct), convert such policy to an annuity, or surrender such policy, in which case the cash proceeds thereof shall be included as part of the account balance of such Participant and distributed accordingly.
Sample 1Sample 2Sample 3See All (10)
AutoNDA by SimpleDocs
Transfer of Policies. Broker-Dealer will leave in Registered Rep's account all policies credited to Registered Rep's account so long as the policyholder resides within a 75-mile radius of Registered Rep's principal place of business and within a State in which Registered Rep is duly licensed, except that Broker-Dealer may:
Sample 1Sample 2
Transfer of Policies. Nothing in this Agreement shall limit the right of UFL or, after Closing, UFL or PNL, to sell or otherwise transfer any of the Policies subject to this Agreement and any Policies which are transferred shall no longer be subject to the terms of this Agreement.
Sample 1Sample 2
Transfer of Policies. 47 ARTICLE 19.
Sample 1Sample 2
Transfer of Policies. Nothing in this Agreement shall limit the right of Customer to sell or otherwise transfer any of the Policies subject to this Agreement and any Policies which are sold or transferred shall no longer be subject to the terms of this Agreement, subject to the provisions on Services Fees set forth in Exhibit 11.1.
Sample 1Sample 2
Transfer of Policies. If as a result of a bankruptcy proceeding, sheriff's levy, or for any other reason, the Company is required by law to sell or transfer the life insurance policies called for in Section 1 above, or if the Company (contrary to its obligations hereunder) determines to sell the policies or to cease making premium payments thereon or takes any other action contrary to the terms of this Agreement, the Shareholder shall have the first option to acquire those policies while they remain in force. The purchase price for the policies shall be equal to 85% of their respective cash surrender values at the time of purchase, and that price may be paid by delivery to the Company of the Shareholder's promissory note for that amount, bearing interest at the Applicable Federal Rate as of the date of transfer, with principal and all interest becoming due 60 days after the death of the Shareholder. The Company agrees that, upon request by the Shareholder, the Shareholder (or some other person or entity designated by the Shareholder to be the Shareholder's agent for these purposes) shall be granted a security interest in or a contingent assignment of the policies, with at least 30 days prior notice of any transfer, cancellation, or borrowing, so as to assure that the Shareholder's option will be enforced. Nothing in this Section 7 shall relieve the Company from its obligations to secure and maintain those life insurance policies as provided in Section 1 above and nothing in this Section or consequent to its provisions shall limit the liability of the Company resulting from a breach of this Agreement by the Company.
Sample 1
Transfer of Policies. The life insurance policies listed on Exhibit A with policy numbers 159207835 and JJ711646 are each held in a Wisconsin trust, the beneficial interests of which are held by Seller. Seller shall transfer the beneficial interests in the Wisconsin trusts to Buyer, duly executed by the trustee, pursuant to a Xxxx of Sale in the form attached hereto in Exhibit D.
Sample 1
AutoNDA by SimpleDocs
Transfer of Policies. ICB and Bank shall have completed the termination or transfer of the split dollar insurance policies bank-owned life insurance policies as outlined in Section 6.16.
Sample 1
Transfer of Policies. In the event that, in any state that is -------------------- designated an Expansion State, AHI is underwriting policies which would otherwise be subject to the Program, AHI shall cause such policies to be written under the Program in such Expansion State as soon as practicable following the date of such designation.
Sample 1

Related to Transfer of Policies

  • Form of Policies The minimum limits of policies of insurance required of Tenant under this Lease shall in no event limit the liability of Tenant under this Lease. Such insurance shall: (i) name Landlord, and any other party it so specifies in writing to Tenant, as an additional insured with respect to the commercial general liability insurance; (ii) specifically cover the liability assumed by Tenant under this Lease, including, but not limited to, Tenant’s obligations under Section 10.1 above; (iii) be issued by an insurance company having a rating of not less than A–/VII in Best’s Insurance Guide or which is otherwise acceptable to Landlord and authorized to do business in the state in which the Project is located; (iv) be primary insurance as to all claims thereunder and provide that any insurance carried by Landlord is excess and is non-contributing with any insurance requirement of Tenant; (v) provide that said insurance shall not be canceled or coverage changed unless thirty (30) days’ prior written notice shall have been given to Landlord and any mortgagee or ground or underlying lessor of Landlord (provided Tenant will not be in default if the insurance company refuses to provide such assurance); (vi) contain a cross-liability endorsement or severability of interest clause acceptable to Landlord; and (vii) with respect to the insurance required in Sections 10.3.1, 10.3.2 and 10.3.4 above, have deductible amounts not exceeding One Hundred Thousand Dollars ($100,000.00). Tenant shall deliver certificates thereof to Landlord on or before the Lease Commencement Date and at least thirty (30) days before the expiration dates thereof. If Tenant shall fail to procure such insurance, or to deliver such certificates and endorsements, within such time periods, Landlord may, at its option, in addition to all of its other rights and remedies under this Lease, and without regard to any notice and cure periods set forth in Section 19.1, procure such policies for the account of Tenant, and the cost thereof shall be paid to Landlord as Additional Rent within thirty (30) days after delivery of bills therefor.

  • Surrender of Policy The Trust Collateral Agent shall surrender the Policy to the Note Insurer for cancellation upon its expiration in accordance with the terms thereof.

  • Transfer of Possession Possession of the Property shall be transferred to Purchaser at the time of Closing subject to the Permitted Encumbrances.

  • Transfer of Agreement 9.1 Unless with the prior consent from the Pledgee, the Pledgor has no right to grant or transfer any of his rights and obligations hereunder.

  • Transfer of Permits Seller will use its best efforts to assist Buyer to effect the assignment or other transfer of Permits from Seller to Buyer as of or as soon as practicable after the Closing Date.

  • COMPLIANCE WITH POLICIES AND PROCEDURES During the period that Executive is employed with the Company hereunder, Executive shall adhere to the policies and standards of professionalism set forth in the policies and procedures of the Company and IAC as they may exist from time to time.

  • Compliance with International Trade & Anti-Corruption Laws (a) Neither the Group Companies nor, to the Company’s knowledge, any of their Representatives, or any other Persons acting for or on behalf of any of the foregoing, is or has been, since the incorporation of the Company, (i) a Person named on any Sanctions and Export Control Laws-related list of designated Persons maintained by a Governmental Entity; (ii) located, organized or resident in a country or territory which is itself the subject of or target of any Sanctions and Export Control Laws; (iii) an entity owned, directly or indirectly, by one or more Persons described in clause (i) or (ii); or (iv) otherwise engaging in dealings with or for the benefit of any Person described in clauses (i) - (iii) or any country or territory which is or has, since the incorporation of the Company, been the subject of or target of any Sanctions and Export Control Laws (at the time of this Agreement, the Crimea region of Ukraine, Cuba, Iran, North Korea, Venezuela, Sudan and Syria).

  • Compliance with Policies Each Individual Limited Partner hereby agrees that he shall comply with all policies and procedures adopted by any member of the Och-Ziff Group or which Limited Partners are required to observe by law, or by any recognized stock exchange, or other regulatory body or authority.

  • Transfer of Know-How To facilitate Licensee’s accomplishment of the responsibilities set forth in Section 4.01 above, within thirty (30) days of the Effective Date of this Agreement GenuPro shall in good faith supply Licensee with copies of the GenuPro Know-How, Lilly Know-How and Lilly Manufacturing Know-How pertinent to the development of the GenuPro Compound in the Field that GenuPro is able to provide using commercially reasonable efforts and which is in the possession of GenuPro on the Effective Date, and shall transfer to Licensee the legal title to any IND on the GenuPro Compound presently on file in GenuPro’s name with the FDA and any comparable filings in other countries of the Territory. GenuPro shall also facilitate transfer of GenuPro Compound manufacturing-related information (including any associated quality and analytical information) to Licensee from those Third Parties from which GenuPro or PPD has received quotations for manufacturing GenuPro Compound that GenuPro is not under any obligation to keep confidential from a third party. GenuPro will provide Licensee with all relevant information available and known to GenuPro or PPD concerning the safety, handling, use, disposal and environmental effects of the GenuPro Compound or as may be useful to Licensee to conduct the Project, including but not limited to any communications with regulatory agencies. [*] Confidential treatment requested; certain information omitted and filed separately with the SEC.

  • Ownership of Policy The Company shall be the sole and absolute owner of the Policy, and may exercise all ownership rights granted to the owner thereof by the terms of the Policy, except as may otherwise be provided herein.

Time is Money Join Law Insider Premium to draft better contracts faster.