Examples of Collateral 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.
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.
The Borrowers shall have executed and delivered to the Bank a Security Agreement (Collateral Assignment of Life Insurance Policy as Collateral), in form and substance satisfactory to the Bank (the “Collateral Assignment”).
Without limiting the foregoing, Schedule 5.1.19 describes the errors and omissions insurance coverage as of the Closing Date, each Loan Party’s existing insurance policies and the key man life insurance policy covered by the Collateral Assignment of Life Insurance.
Without limiting the foregoing, Borrowers shall at all times have a $2,000,000 key-man insurance policy on the life of Xxxxxxx Xxxx, which shall be collaterally assigned to Agent within thirty (30) days after the Closing Date, for the benefit of itself and the Banks, pursuant to the Collateral Assignment of Life Insurance.
Irrevocable Collateral Assignment of Life Insurance Proceeds ES-3178 Authorization Form for the Release of Information – The form has been removed and link to KDHE-DHCF ROI form replaces it.
The insurance company hereby acknowledges that by recording this Irrevocable Collateral Assignment of Life Insurance Proceeds, it agrees to accept and abide by the terms thereof.
Considering the mitigation measures , the CoI has been kept at 12m for now to ensure sufficient width for traffic and safety purposes.
Upon approval of the proof, the final artwork or the master copy by the customer, MSM's contractual obligation shall consist of ex- ecuting the print in accordance with this master copy only.
The execution and delivery of this Agreement, the Security Agreement, the Guaranty, the Mortgage, the Disbursing Agreement, the Collateral Assignment of Construction Contracts, the Collateral Assignment of Life Insurance, and all other certificates, resolutions, or other documents required or completed hereunder.