Common use of Cash Surrender Value of the Policy Clause in Contracts

Cash Surrender Value of the Policy. The cash surrender value of the Policy shall be equal to the cash value of the Policy at the earlier of the time of the Insured’s death or the surrender of the Policy, less (i) any loans or withdrawals or any other indebtedness previously incurred or made by the Bank that is secured by the Policy, and any unpaid interest thereon, and (ii) any applicable surrender charges, as determined by the Insurer or agent servicing the Policy.

Cash Surrender Value of the Policy. The cash surrender value “Cash Surrender Value of the Policy Policy” shall be equal to the cash value of the Policy at the earlier of the time of the Insured’s death or the upon surrender of the Policy, as applicable, less (i) any policy or premium loans or withdrawals or any other indebtedness previously incurred or made by the Bank that is secured by the Policy, and any unpaid interest thereon, previously incurred or made by the Bank, and (ii) any applicable surrender charges, as determined by the Insurer or agent servicing the Policy. The Bank shall at all times be entitled to 100% of the Cash Surrender Value of the Policy.

Cash Surrender Value of the Policy. The cash surrender value “Cash Surrender Value of the Policy Policy” shall be equal to the cash value of the Policy at the earlier of the time of the Insured’s death or the upon surrender of the Policy, as applicable, less (i) any policy or premium loans or withdrawals or any other indebtedness previously incurred or made by the Bank that is secured by the Policy, and any unpaid interest thereon, previously incurred or made by Bank, and (ii) any applicable surrender charges, as determined by the Insurer or agent servicing the Policy.

Cash Surrender Value of the Policy. The cash surrender value “Cash Surrender Value of the Policy Policy” shall be equal to the cash value of the Policy at the earlier of the time of the Insured’s death or the upon surrender of the Policy, as applicable, less (i) any policy or premium loans or withdrawals or any other indebtedness previously incurred or made by the Bank that is secured by the Policy, and any unpaid interest thereon, previously incurred or made by the Bank, and (ii) any applicable surrender charges, as determined by the Insurer insurer under the Policy or the agent servicing the Policy.

Cash Surrender Value of the Policy. The cash surrender value “Cash Surrender Value of the Policy Policy” shall be equal to the cash value of the Policy at the earlier of the time of the Insured’s death or the upon surrender of the Policy, as applicable, less (i) any policy or premium loans or withdrawals or any other indebtedness previously incurred or made by the Bank that is secured by the Policy, and any unpaid interest thereon, previously incurred or made by the Bank, and (ii) any applicable surrender charges, as determined by the Insurer or agent servicing the Policy.

Cash Surrender Value of the Policy. The cash surrender value “Cash Surrender Value of the Policy Policy” shall be equal to the cash value of the Policy at the earlier of the time of the Insured’s death or the upon surrender of the Policy, as applicable, less (i) any policy or premium loans or withdrawals or any other indebtedness previously incurred or made by the Bank that is secured by the Policy, and any unpaid interest thereon, previously incurred or made by the Company, and (ii) any applicable surrender charges, as determined by the Insurer or agent servicing the Policy.

Cash Surrender Value of the Policy. The cash surrender value “Cash Surrender Value of the Policy Policy” shall be equal to the cash value of the Policy at the earlier of the time of the Insured’s 's death or the upon surrender of the Policy, as applicable, less (i) any policy or premium loans or withdrawals or any other indebtedness previously incurred or made by the Bank that is secured by the Policy, and any unpaid interest thereon, previously incurred or made by the Employer, and (ii) any applicable surrender charges, as determined by the Insurer or agent servicing the Policy.

Cash Surrender Value of the Policy. The cash surrender value “Cash Surrender Value of the Policy Policy” shall be equal to the cash value of the Policy at the earlier of the time of the Insured’s 's death or the upon surrender of the Policy, as applicable, less (i) any policy or premium loans or withdrawals or any other indebtedness previously incurred or made by the Bank that is secured by the Policy, and any unpaid interest thereon, previously incurred or made by the Bank, and (ii) any applicable surrender charges, as determined by the Insurer or agent servicing the Policy.

Cash Surrender Value of the Policy. The cash surrender value "Cash Surrender Value of the Policy Policy" shall be equal to the cash value of the Policy at the earlier of the time of the Insured’s 's death or the upon surrender of the Policy, as applicable, less (i) any policy or premium loans or withdrawals or any other indebtedness previously incurred or made by the Bank that is secured by the Policy, and any unpaid interest thereon, previously incurred or made by the Bank, and (ii) any applicable surrender charges, as determined by the Insurer or agent servicing the Policy.