Examples of Purchased policy in a sentence

The Borrower will use the proceeds of Advances made hereunder from and after the Restatement Effective Date solely: (i) to fund payments of premium due under a Purchased Policy included in the Collateral, (ii) to make periodic payments of Interest and Facility Fees due and payable under this Agreement and (iii) to make any payments due and payable by the Borrower under Hedge Agreements of the type described in clause (i) of Section 2.05(a).
Except as expressly permitted under the Life Settlement Servicing Agreement, no GWG Party will extend, amend or otherwise modify the terms of any Asset or any Asset Document related thereto or request or receive any Policy Loans in respect of any Purchased Policy.
Except as expressly permitted under the Sale and Servicing Agreement (in the case of a Loan) or the Life Settlement Servicing Agreement (in the case of a Purchased Policy), no GWG Party will extend, amend or otherwise modify the terms of any Asset or any Asset Document related thereto or request or receive any Policy Loans in respect of any Purchased Policy.

More Definitions of Purchased policy

Purchased policy means a policy that has been acquired by a life settlement

Purchased policy means a Policy in which the Borrower or the Titling Trust has acquired, or purports to have acquired, an interest pursuant to the Sale and Servicing Agreement; provided that, except as otherwise expressly provided herein, the term “Purchased Policy” shall exclude any Policy that has been released from the Collateral pursuant to Section 2.14 hereof.

Purchased policy means a policy or group

Purchased policy means a policy that has been acquired by a provider pursuant to a life settlement contract.

Purchased policy means a policy that has been acquired by a

Purchased policy means a life insurance policy or group

Purchased policy means a life insurance policy or certificate that