Life Insurance Policy Loans definition

Life Insurance Policy Loans means obligations in respect of money borrowed by EMJ against the available cash surrender value of any EMJ COLI policy in accordance with the terms of such policy, which obligations shall be nonrecourse to Borrower and its Subsidiaries.
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Life Insurance Policy Loans means the loans made to the Borrower and secured by its interests in the Life Insurance Policies.
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Life Insurance Policy Loans means the loans made to the Borrower --------------------------- and secured by its interests in the Life Insurance Policies. Management Agreements shall have the meaning given to such term in --------------------- Section 5.1(o). Margin Stock shall have the meaning provided in Regulation U. ------------ Material Adverse Effect shall mean a material adverse effect on (i) ----------------------- the business, prospects, operations, results of operations, assets, liabilities or financial condition of the Borrower or of Holding and its Subsidiaries taken as a whole, (ii) the value of Collateral or the amount which the Agent and the Lenders would be likely to receive (after giving consideration to delays in payment and costs of enforcement) in the liquidation of such Collateral, (iii) any Credit Party's ability to perform its material obligations under the Credit Documents to which it is a party, or (iv) the material rights and remedies of the Agent, the Issuing Banks or the Lenders under any Credit Document. Material Contract shall mean any contract or other arrangement (other ----------------- than the Credit Documents), whether written or oral, to which the Borrower or any of its Subsidiaries is a party as to which the breach, nonperformance, cancellation or failure to renew by any party thereto may be reasonably expected to have a Material Adverse Effect. Multiemployer Plan shall mean a "multiemployer plan" as defined in ------------------ Section 4001(a)(3) of ERISA. Net Sale Proceeds shall mean for any sale of assets, the gross cash ----------------- proceeds (including any cash received by way of deferred payment pursuant to a promissory note, receivable or otherwise, but only as and when received) received from any sale of assets, net of (i) reasonable transaction costs (including, without limitation, any underwriting, brokerage or other customary selling commissions and reasonable legal, advisory and other fees and expenses, including title and recording expenses, associated therewith), (ii) payments of unassumed liabilities relating to the assets sold at the time of, or within 90 days after, the date of such sale and (iii) the amount of such gross cash proceeds required to be used to repay any Indebtedness (other than Indebtedness of the Lenders pursuant to this Credit Agreement) which is secured by the respective assets which were sold. New Lenders shall mean each of the Persons listed on Schedule I hereto ----------- which is not a Continuing Lende...
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More Definitions of Life Insurance Policy Loans

Life Insurance Policy Loans means Indebtedness in respect of money borrowed by the Company against the available loan value of any Life Insurance Policy in accordance with the terms of such Life Insurance Policy on the date of this Indenture, which Indebtedness shall be nonrecourse to the Company or any Restricted Subsidiary.
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Related to Life Insurance Policy Loans

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

  • 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.

  • 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.

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • Credit life insurance means insurance on the life of a debtor in connection with

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

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

  • Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Lender-Paid Mortgage Insurance Loan Each of the Mortgage Loans identified on the Mortgage Loan Schedule as having a Lender-Paid Mortgage Insurance Rate.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

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

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

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

  • 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.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Blanket insurance policy means a group policy covering a defined class of

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

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

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