Keyman life insurance definition

Keyman life insurance means insurance on staff members for which the school is the beneficiary of the life insurance policy.
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Keyman life insurance a keyman life insurance policy on the life of Xxxxxx X. Xxxxxxxx, Xx. in an amount of at least $5,000,000 and on other terms and conditions and from an insurance company acceptable to the Agent.
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Keyman life insurance means the keyman life insurance policy on the life of H.O. Xxxxx, III issued by Northwestern Mutual (or any replacement policy).
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Examples of Keyman life insurance in a sentence

  • The Parties agree that New Akanas shall apply for and procure as owner and for its own benefit, Key-man life insurance policies in the amount of five hundred thousand ($500,000) dollars with respect to each of the Akanas Members.

  • The Parties agree that the Company shall apply for and procure as owner and for its own benefit, Key-man life insurance policies in the amount of five hundred thousand ($500,000) dollars with respect to each of the Akanas Members.

  • In the NCA's view, the companies involved had collaborated to share the market between them in the period 2011 to 2017.

  • The Parties agree that PharmaHub may, at its cost and in its sole discretion, at any time after the date of the execution of this Agreement, apply for and procure as owner and for its own benefit, Key-man life insurance policies in an amount up to two hundred thirty thousand ($230,000) dollars with respect to each of the Akanas Members.

  • EMPLOYER may apply for a "Keyman" life insurance policy with EMPLOYER as beneficiary of the policy.

  • Notwithstanding anything herein to the contrary, the Company and the Warranting Stockholders represent and warrant that the effectuation of the transactions contemplated by this Agreement will not cause an acceleration of the Bank Debt and that any failure to renew and maintain the Company's Key-man life insurance policies on each of the Warranting Stockholders and listed in Schedule 1.4 will not cause any default or acceleration in the Bank Debt.

  • The bank and SBA have a junior security interest in all inventory, accounts receivable, equipment and intangibles of the Company and assignment of Keyman life insurance.

  • The bank and SBA have a first security interest in all equipment purchased, all inventory, accounts receivable and intangibles of the Company and assignment of Keyman life insurance.

  • Maintain Keyman life insurance in an amount not less than $1,000,000.00 with financially sound and reputable insurance companies on Glenx Xxxxx.

  • Keyman life insurance policy as available-for-sale at fair value through other comprehensive income Group and Company 20172016 $’000 $’000 Fair value at beginning of year887 The investment-linked keyman insurance policy relates to life insurance policy purchased by the Company for one of its executive directors.


More Definitions of Keyman life insurance

Keyman life insurance means a keyman life insurance policy on Xxxxxxx X. Xxxxxxxx from an insurance company and on terms and conditions acceptable to the Agent, in an amount of at least $10,000,000. "L/C ISSUER" has the meaning ascribed to it in ANNEX B. "L/C SUBLIMIT" has the meaning ascribed to in it ANNEX B.
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Keyman life insurance means the keyman life insurance policy on the life of H.O. Woltz, III issued by Northwestern Mutual (or any replacement policy).
Sample 1
Keyman life insurance means the life insurance policy on the life of Anthxxx Xxxxxx xxxued by Transamerica Occidental Life Insurance Company or such other insurance company acceptable to the Agent in a face amount of not less than $10,000,000, and any supplemental or replacement policies relating thereto.
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Related to Keyman life insurance

  • Life insurance means contracts that incorporate mortality risk, including annuity and pure endowment contracts, and as may be specified in the valuation manual.

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

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Captive insurance company means any pure captive insurance company, association captive

  • 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.