Common use of Trustee’s Authority to Hold Investments Clause in Contracts

Trustee’s Authority to Hold Investments. Legal title to the assets of the Trust shall be vested in the Trustee for the benefit of the Company’s U.S. Policyholders and Third Party Claimants in accordance with the provisions of this Trust. Trustee may hold any investments or other assets thereunder in the name of a nominee. The term “hold” shall include Trustee’s authority to deposit any part or all of the aforesaid property, which consists of securities in registered or unregistered form, at a Federal Reserve Bank under federal book entry procedure, a depository trust company or other central securities depository, whether now or hereafter organized (one or all herein called “CSD”). All securities in registered form are to be registered in the name of a nominee of Trustee or CSD.

Trustee’s Authority to Hold Investments. Legal title to the assets of the Trust trust shall be vested in the Trustee for the benefit of the Company’s U.S. American United StatesU.S. Policyholders and Third Party Claimants in accordance with the provisions of this Trust. Trustee may hold any investments or other assets thereunder in the name of a nominee. The term “hold” shall include Trustee’s authority to deposit any part or all of the aforesaid property, which consists of securities in registered or unregistered form, at a Federal Reserve Bank under federal book entry procedure, a depository trust company or other central centralized securities depositorydepository system, whether now or hereafter organized (one or all herein called “CSDCSDS”). All securities in registered form are to be registered in the name of a nominee of Trustee or CSDCSDS.

Trustee’s Authority to Hold Investments. Legal title to the assets of the Trust trust shall be vested in the Trustee for the benefit of the Company’s U.S. American Policyholders and Third Party Claimants in accordance with the provisions of this Trust. Trustee may hold any investments or other assets thereunder in the name of a nominee. The term “hold” shall include Trustee’s authority to deposit any part or all of the aforesaid property, which consists of securities in registered or unregistered form, at a Federal Reserve Bank under federal book entry procedure, a depository trust company or other central centralized securities depositorydepository system, whether now or hereafter organized (one or all herein called “CSDCSDS”). All securities in registered form are to be registered in the name of a nominee of Trustee or CSDCSDS.