Examples of Purchased policy in a sentence

Seller, or Seller’s Securities Intermediary, has good and valid title to the Purchased Policy Assets, free and clear of all Encumbrances other than Permitted Encumbrances.
Upon the terms and conditions set forth in this Agreement and in the Confirmation with respect to each of the Policies listed on Schedule 1 to the Confirmation, Seller hereby sells, transfers, conveys and assigns to Purchaser on the Settlement Date, and Purchaser hereby purchases and accepts from Seller on the Settlement Date, the Purchased Policy Assets.Payment of Premiums.
Within ten (10) Business Days after the Settlement Date, Seller shall, to the extent not previously delivered, deliver to Purchaser with respect to each of the Policies listed on Schedule 1 to the Confirmation (other than any Excluded Policies) the Purchased Policy Assets in the possession or control of Seller, including, without limitation, the original hardcopy of the Policy or, if not available, an Acceptable Substitute.

More Definitions of Purchased policy

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

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

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 life insurance policy or certificate that

Purchased policy means a life insurance policy or group

Purchased policy means a policy or group

Purchased policy means a policy that has been acquired by a