Common use of ASSIGNMENTS OF INSURANCE Clause in Contracts

ASSIGNMENTS OF INSURANCE. (a) The Company shall duly execute and deliver to the Agent one or more assignments, substantially in the form of Exhibit 4.9(a) hereto (each, as amended, supplemented or otherwise modified from time to time in accordance with its terms, an "Assignment of Life Insurance"), and such other instruments and documents, in each case, as may be required by the Agent to grant to the Agent for the benefit of the Agent and the Lenders a valid, perfected and enforceable first Lien, to the extent of the Company's interest therein, on any key person life insurance policy required pursuant to Section 8.3(g) hereof, and the issuer of such policy shall have acknowledged such assignment.

ASSIGNMENTS OF INSURANCE. (a) The Company Borrowers shall duly execute and deliver to the Agent one or more assignments, substantially in the form of Exhibit 4.9(a) hereto (each, as amended, supplemented or otherwise modified from time to time in accordance with its terms, an "Assignment of Life Insurance"), and such other instruments and documents, in each case, as may be required by the Agent to grant to the Agent for the benefit of the Agent and the Lenders a valid, perfected and enforceable first Lien, to the extent of the Companysuch Borrower's interest therein, on any key person life insurance policy required pursuant to Section 8.3(g) hereof, and the issuer of such policy shall have acknowledged such assignment.

ASSIGNMENTS OF INSURANCE. (a) The Company Borrower shall duly execute and deliver to the Agent one or more assignments, substantially in the form of Exhibit 4.9(a) hereto (each, as amended, supplemented or otherwise modified from time to time in accordance with its terms, an "Assignment of Life Insurance"), and such other instruments and documents, in each case, as may be required by the Agent to grant to the Agent for the benefit of the Agent and the Lenders a valid, perfected and enforceable first Lien, to the extent of the CompanyBorrower's interest therein, on any key person life insurance policy required pursuant to Section 8.3(g) hereof, and the issuer of such policy shall have acknowledged such assignment.