Change Forms definition

Change Forms means, with respect to any Policy, all documents required by the applicable Issuing Insurance Company to be executed by the Borrower (or the Securities Intermediary, as owner thereof for the benefit of the Borrower or the Administrative Agent as secured party pursuant to the Account Control Agreement) to effect change of ownership of and designation of a new owner and beneficiary under such Policy.

Change Forms means the forms provided by the Insurer with respect to a Policy to effect a change of ownership and beneficiary of such Policy.

Change Forms means, with respect to an Identified Policy, collectively, any and all forms that are required to be completed to change the ownership of, and each beneficiary under, such Identified Policy on the books and records of the applicable Insurer to the Purchaser or to the Purchaser’s designee.

Examples of Change Forms in a sentence

• No later than the Business Day after receiving such Change Forms from the Seller, the Purchaser shall complete such Change Forms and deliver them to each applicable Insurer.

• The Purchaser shall be responsible for and pay when due any and all transfer or other similar taxes, and the fees and costs of preparing, recording, submitting and filing all applicable conveyancing or other instruments (including the Change Forms), associated with the sale and assignment of the Purchased Assets by the Seller to the Purchaser and the other transactions contemplated hereby.

• No later than the Business Day after the Purchaser has delivered the Purchase Price in accordance with Section 2.2(b), the Seller shall deliver to the Purchaser properly completed (other than with respect to information to be completed by the Purchaser) and executed Change Forms for the applicable Identified Policy.

More Definitions of Change Forms

Change Forms. In respect of any Life Policy, all documents required by the applicable Insurer to be executed by the immediately prior owner of the Life Policy or any other Person to effect change of ownership of and designation of a new owner and beneficiary under such Policy to the Securities Intermediary.

Change Forms forms for dealing with Contract Changes in accordance with the Changing the Contract Procedure, substantially in the form set out in Schedule 11 (Change Forms), Part 1 (Change Request), 2 (Change Impact Assessment) and 3 (Change Authorisation Note);