Policy File definition

Policy File means, except as otherwise consented to by the Agent, with respect to any Policy, the documents specified as the “Policy File” on Schedule II hereto, in each case in substantially the form attached as part of Exhibit B hereto or such other form as the Agent may approve in writing (such approval not to be unreasonably withheld).

Policy File means, with respect to an Identified Policy, collectively (i) the original of such Identified Policy if available and otherwise a copy certified by the related Insurer or an affidavit of lost policy together with a declaration of coverage by the related Insurer; (ii) the applicable Settlement Documents; (iii) a carrier illustration showing level pay premiums with minimum cash surrender value at maturity; (iv) evidence of ownership of such Identified Policy by the Seller; (iv) all life expectancy reports referenced in the related Policy Information Sheet; (v) all written records with respect to the location of the related Insured and each other Person designated by such Insured for the purpose of tracking the health status of such Insured and facilitating the obtainment of a death certificate of such Insured; and (vi) such other items as may be agreed to by the parties; and, in the case of each of clauses (i) through (vi), to the extent relating to such Identified Policy, and not with respect to any other insurance policy or other asset or property.

Policy File. With respect to each Policy, a file folder containing the related Documentation.

Examples of Policy File in a sentence

• If the Purchaser does not deliver a Deficiency Notice within the applicable Due Diligence Review Period, then the Purchaser shall be deemed to have approved the applicable Policy File for purposes of this Section.

• No later than three (3) Business Days after the Seller has delivered a Purchase Confirmation to the Purchaser, the Seller shall provide to the Purchaser copies of the Policy File.

• Within the Due Diligence Review Period for an Identified Policy, the Purchaser shall review the applicable Policy File and determine whether any information contained therein is incomplete, is inconsistent with the information contained in the applicable Policy Information Sheet, or otherwise does not satisfy the Purchaser’s due diligence standards.

• Within the Due Diligence Review Period for an Identified Policy, if the Purchaser determines that the Policy File is incomplete, is materially inconsistent with the information contained in the applicable Policy Information Sheet, or otherwise does not satisfy the Purchaser’s due diligence standards, then the Purchaser shall so notify the Seller in writing (each, a “Deficiency Notice”).

More Definitions of Policy File

Policy File except as otherwise consented to by the Administrative Agent, with respect to any Policy, the documents specified as the “Policy File” on Schedule C hereto, in each case with the documentation and information in form customary for the U.S. life settlement industry or such other form as the Administrative Agent may approve in writing (such approval not to be unreasonably withheld, conditioned or delayed).

Policy File in Section 1.01 of the Credit Agreement is amended by replacing the reference therein to “Exhibit B-2” with “Exhibit B-3”.

Policy File means a file of information that, to the extent available, shall include (a) the policyowner's name, last-known mailing address and social security number or tax identification number, (b) the Policy number, (c) the Policy's plan code, (d) the Policy Face Amount, (e) the Policy's Actual Asset Base, including the date used to determine the Policy's Actual Asset Base, (f) the Policy's Target Premium, (g) the Policy's Issue Date, (h) the insured's issue age and gender, (i) the Policy's termination date, (j) the Policy's surrender charge and (k) any correspondence or other materials, or copies thereof, related to the Policy and/or the policyowner and contained in the Company's files on the Policy (which files the Company believes include the information on the Policy and/or the policyowner relevant to the issues raised in the Action).

Policy File means, except as otherwise consented to by the Agent, with respect to any (i) Unhedged Policy, the documents specified as the “Required Policy File Documents” on Schedule II-1 hereto, and (ii) Hedged Policy, the documents specified as the “Required Policy File Documents” on Schedule II-1 hereto and the “Required Annuity Documents” on Schedule II-2 hereto, in each case with respect to clause (i) and (ii) hereof, in substantially the form attached as part of Exhibit B hereto or such other form as the Agent may approve in writing (such approval not to be unreasonably withheld).

Policy File means, with respect to a Policy, a file containing all of the documents listed on Exhibit B of the Note Purchase Agreement that are applicable to such Policy.

Policy File means, with respect to each Policy, the Policy itself and each agreement and other document listed on Schedule 1 of the Master Agreement to the extent within Seller’s possession or control.

Policy File means, with respect to each Pool Policy, the document file relating to such Pool Policy containing each of the following items: