Assumption Certificate definition
Examples of Assumption Certificate in a sentence
The Agent shall, as soon as reasonably practicable after it has executed an Assignment and Assumption Certificate, send to the Borrower a copy of that Assignment and Assumption Certificate.
As promptly as possible after the receipt of any Required Assumption Approvals, the Reinsurer shall issue to each of the Policyholders of the Assumed Policies an Assumption Certificate, and provide satisfactory evidence thereof to the Company.
However, nothing contained in this Assumption Certificate will vary, alter, waive or extend any of the terms, conditions, agreements or limitations of your Policy(ies).
Within thirty (30) days after the Effective Date, the Trust shall issue and send by first-class mail an Assumption Certificate in the form as set forth on Exhibit D to each of the Trust's insureds as shown on the books and records of the Trust.
Receipt of an Assignment and Assumption Certificate by the Agent shall constitute notice of the assignment and transfer and each Party irrevocably authorises (bevollmächtigt) and instructs the Agent to receive each such notice on its behalf and irrevocably agrees that each such notice to be given to such party may be given to the Agent of such party.
If you have any further questions about the Agreement, the Assumption Certificate or this Notice of Transfer, you may contact MAC at: ManhattanLife Assurance Company of America Telephone: [ ] For your convenience, the pre-addressed postage-paid response card is enclosed.
The date, set forth in the Assumption Certificate issued by the Reinsurer with respect to a Coinsured Policy, upon which the Coinsured Policy shall be assumed by the Reinsurer on an assumption reinsurance basis pursuant to this Agreement, which shall not be earlier than either: (i) February 28, 2004, or (ii) the date on which all Required Assumption Approvals and Required Assumption Consents have been obtained in the state where such Coinsured Policy was issued or delivered.
As soon as possible after the Assumption Dates, and in any event within the time prescribed by applicable insurance laws, the appropriate Reinsurer shall mail to the last known address of each policyowner or contractowner of the Policies an Assumption Certificate in a form substantially similar to the form attached hereto as Exhibit F or in such other form as may be required by the insurance regulatory authority of the state in which the policyowner or contractowner resides.
The Agent shall, subject to clause 26.5.2 below, as soon as reasonably practicable after receipt by it of a duly completed Assignment and Assumption Certificate appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment and Assumption Certificate.
GABC shall issue an Assumption Certificate to the Contractowners in accordance with Section 4.6 of the Restructuring Plan in substantially the form of Exhibit C within 120 days after the Closing Date to evidence GABC’s assumption of the GABC Obligations.