Assignment of Life Insurance definition

Assignment of Life Insurance shall have the meaning set forth in Section 4.9 hereof.

Assignment of Life Insurance means a collateral assignment of the Life Insurance, on terms acceptable to Lender.

Assignment of Life Insurance means an instrument in form and substance satisfactory to the Transferee to be executed and delivered by the Transferor at Closing which assigns to the Transferee the Transferor’s rights as secured party under any life insurance policy securing a Loan.

Examples of Assignment of Life Insurance in a sentence

• From and after 30 days after the Closing Date, the Borrower will maintain one or more life insurance policies on the life of Xxxxxxx Xxxxxxxxx having a combined death benefit in an aggregate amount not less than $1,000,000, with the Borrower named as beneficiary, all subject to a Collateral Assignment of Life Insurance.

• Without limiting the generality of the foregoing, this Agreement and the Collateral Assignment supersede the Split Dollar Agreement dated as of February 24, 1999 and the related Assignment of Life Insurance Policy as Collateral dated as of February 24, 1999 between the Employer and the Employee, which shall no longer have any force or effect.

• The original of the policy evidencing the Life Insurance Policy, signed by an authorized insurance company representative, shall be delivered to FINOVA at the closing together with a duly executed Collateral Assignment of Life Insurance which has been accepted and acknowledged in writing by the applicable insurer or its authorized representative.

• Except as to the limited policy security rights specifically granted Employer in the Assignment of Life Insurance Policy as Collateral in the form attached hereto as Exhibit B (the "Assignment") and as provided in Article VI, Owner retains all incidents of ownership in the Policy (including the right to surrender or cancel the Policy and the right to borrow against the Policy).

• Id. Forcht Bank asserts that it is entitled to coverage under the bond by virtue of the May 26, 2009 letter on Lincoln Financial Group letterhead and three documents that Forcht Bank collectively characterizes as “Assignment Documents.” These are: 1) a Consent and Request for Assignment of Life Insurance Policy, Rec.

More Definitions of Assignment of Life Insurance

Assignment of Life Insurance means all of Borrower’s rights, title, and interest in Life Insurance policies issued by Empire General Life Assurance Corporation, or as may be modified, and issued as listed below: 1. Xxxxx X Xxxxxx 2. Xxxxx X. Xxxxxxxx 3. Xxxxxxx X. Xxxxx 4. Xxxxxxx X. Xxxxxx

Assignment of Life Insurance the assignment required pursuant to ---------------------------- subsection 6.7.2, as it may be from time to time amended, restated or replaced.

Assignment of Life Insurance as defined in Section 2.13(c)(i)(A) hereof.

Assignment of Life Insurance means the Assignment of Life Insurance Policy as Collateral substantially in the form of EXHIBIT A, executed by Borrower in favor of Lender, covering a life insurance policy on the life of David Walke, in an amount not less than $3,000,000.00.

Assignment of Life Insurance means the Collateral Assignment of Life Insurance Agreement dated as of the date hereof by the Borrower to the Agent, as hereafter modified, amended or supplemented from time to time.

Assignment of Life Insurance means, collectively, (i) the Assignments of Life Insurance dated January 4, 1999 and March 1, 1999, by Dental Service and the insured in favor of the Administrative Agent, for its own benefit and for the benefit of the Lenders, and (ii) the Assignment of Life Insurance dated as of the Closing Date, by the owner and beneficiary thereof and the insured in favor of the Administrative Agent, for its own benefit and for the benefit of the Lenders, each substantially in the form of EXHIBIT I annexed hereto, as amended, modified or supplemented from time to time.

Assignment of Life Insurance the Assignment of Life Insurance executed and delivered by the Borrower, substantially in the form of Exhibit B to the Existing Credit Agreement, as the same may be amended, supplemented or otherwise modified from time to time.