Eligible Life Insurance Policies definition

Eligible Life Insurance Policies means the Life Insurance Policies owned by any US Loan Party and which are acceptable to the Administrative Agent and that have a Cash Surrender Value acceptable to the Administrative Agent. Eligible Life Insurance Policies shall not include:
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Eligible Life Insurance Policies means, at any particular date, all Life Insurance Policies owned by the Borrowers that the Administrative Agent, in the exercise of its Permitted Discretion, determines to be Eligible Life Insurance Policies; provided, however, that, without limiting the right of the Administrative Agent to establish other criteria of ineligibility, Eligible Life Insurance Policies shall not include any Life Insurance Policy:
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Eligible Life Insurance Policies means Life Insurance Policies that are not excluded from being Eligible Life Insurance Policies as a result of the failure to satisfy any of the criteria set forth below. Eligible Life Insurance Policies shall not include any Life Insurance Policy:
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Examples of Eligible Life Insurance Policies in a sentence

  • Each Borrowing Base Certificate shall be correct and complete in all material respects and set forth a categorical breakdown of all Accounts and Inventory of the Borrower Parties, a calculation of Eligible Accounts, Eligible Credit Card Receivables, Eligible Inventory, and Eligible Life Insurance Policies as of such last day of the preceding fiscal period and a calculation of Average Excess Availability for the preceding fiscal quarter, fiscal month, or fiscal week, as the case may be.

  • The Company shall at all times maintain the Life Insurance Policies as Eligible Life Insurance Policies subject to the Assignments of Life Insurance.

  • Duly executed originals of an initial Borrowing Base Certificate from the Borrowers, dated the Closing Date, reflecting information concerning Eligible Accounts, Eligible Inventory Eligible Life Insurance Policies and Eligible Real Estate of the Borrowers as of the Closing Date.

  • Eligible Life Insurance Policy - such Life Insurance Policies owned by a Borrower which Agent, in its sole credit judgment, deems to be Eligible Life Insurance Policies.

  • Each Account, Life Insurance Policy and all Inventory included in the calculation of the Borrowing Base does and will at all times meet and comply with all of the standards for Eligible Receivables, Eligible Foreign Receivables, Eligible Life Insurance Policies and Eligible Inventory.


More Definitions of Eligible Life Insurance Policies

Eligible Life Insurance Policies means the Life Insurance Policies owned by Borrowers and which are acceptable to Administrative Agent and that have a Cash Surrender Value acceptable to Administrative Agent. In general, Eligible Life Insurance Policies shall not include:
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Eligible Life Insurance Policies. All Life Insurance Policies issued to the Borrowers, listed on Schedule A hereto and reflected in the most recent Borrowing Base Certificate delivered by each Borrower to Agent shall be “Eligible Life Insurance Policies” for purposes of this Agreement, except any Life Insurance Policy to which any of the exclusionary criteria set forth below applies. Agent shall have the right to establish, modify or eliminate Reserves against Eligible Life Insurance Policies from time to time in its reasonable credit judgment. In addition, Agent reserves the right, at any time and from time to time after the Closing Date, to adjust any of the criteria set forth below and to establish new criteria, and to adjust advance rates with respect to Eligible Life Insurance Policies, in its reasonable credit judgment, reflecting changes in the collectibility or realization values of such Life Insurance Policies arising or discovered by Agent after the Closing Date subject to the approval of all Revolving Lenders and the Requisite Tranche B Lenders in the case of adjustments, new criteria or changes in advance rates which have the effect of making more credit available than available on the Closing Date; provided that, unless a Default or an Event of Default shall have occurred and be continuing, no adjustments, new criteria or changes in advance rates which have the effect of making less credit available shall be made absent a Material Adverse Effect. Eligible Life Insurance Policies shall not include any Life Insurance Policy:
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Eligible Life Insurance Policies means, at any time of determination thereof, the collective reference to each Life Insurance Policy covered by the Assignments of Life Insurance as Collateral, provided such Life Insurance Policy conforms and continues to conform to the following criteria to the good faith satisfaction of the Lender:
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Related to Eligible Life Insurance Policies

  • Life Insurance Policy has the meaning given in Section 6.10.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Reimbursement insurance policy means a policy of insurance

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Health insurance policy means a policy that provides specified benefits for hospital and/or general treatment and meets all requirements under section 63-10 of the Private Health Insurance Act 2007.

  • Bond Insurance Policy means the financial guaranty insurance policy issued by the Bond Insurer insuring the payment when due of the principal of and interest on the Bonds as provided therein.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • life policy means a contract in terms of which a person, in return for a premium, undertakes to -

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.