Common use of Collateral Assignment Clause in Contracts

Collateral Assignment. The Owner may assign this contract as collateral security. The Company is not responsible for the validity or effect of a collateral assignment. The Company will not be responsible to an assignee for any payment or other action taken by the Company before receipt of the assignment in writing at its Home Office. The interest of any beneficiary will be subject to any collateral assignment made either before or after the beneficiary is named. A collateral assignee is not an Owner. A collateral assignment is not a transfer of ownership. Ownership can be transferred only by complying with Section 8.2.

Collateral Assignment. The Owner may assign this contract policy as collateral security. The Company is not responsible for the validity or effect of a the collateral assignment. The Company will not be responsible to an assignee for any payment or other action taken by the Company before receipt of the assignment in writing at its Home Office. The interest of any beneficiary will be subject to any collateral assignment made either before or after the beneficiary is named. A The collateral assignee is not an Owner. A collateral assignment is not a transfer of ownership. Ownership can be transferred only by complying with Section 8.22.2.

Collateral Assignment. The Owner may assign this contract Contract as collateral security. Unless otherwise specified by the Owner, assignments shall be effective on the date the notice of assignment is signed. The Company is not responsible for the validity or effect of a collateral assignment. The Company will not be responsible to an assignee for any payment or other action taken by the Company before receipt of the assignment in writing at its Home Office. The interest of any beneficiary Beneficiary will be subject to any collateral assignment made either before or after the beneficiary Beneficiary is named. A collateral assignee is not an Owner. A collateral assignment is not a transfer of ownership. Ownership can be transferred only by complying with Section 8.2.

Collateral Assignment. The Owner may assign this contract Contract as collateral security. The Company is not responsible for the validity or effect of a collateral assignment. The Company will not be responsible to an assignee for any payment or other action taken by the Company before receipt of the assignment in writing at its Home Office. The interest of any beneficiary will be subject to any collateral assignment made either before or after the beneficiary is named. A collateral assignee is not an Owner. A collateral assignment is not a transfer of ownership. Ownership can be transferred only by complying with Section 8.2.

Collateral Assignment. The Owner may assign this contract policy as collateral security. The Company is not responsible for the validity or effect of a the collateral assignment. The Company will not be responsible to an assignee for any payment or other action taken by the Company before receipt of the assignment in writing at its Home Office. The interest of any beneficiary will be subject to any collateral assignment made either before or after the beneficiary is named. A The collateral assignee is not an Owner. A The collateral assignment is not a transfer of ownership. Ownership can be transferred only by complying with Section 8.2.2.2. RR.VEL.(0398)

Collateral Assignment. The Owner may assign this contract policy as collateral security. The Company is not responsible for the validity or effect of a the collateral assignment. The Company will not be responsible to an assignee for any payment or other action taken by the Company before receipt of the assignment in writing at its Home Office. The interest of any beneficiary will be subject to any collateral assignment made either before or after the beneficiary is named. A The collateral assignee is not an Owner. A The collateral assignment is not a transfer of ownership. Ownership can be transferred only by complying with Section 8.22.2.

Collateral Assignment. The Owner may assign this contract as collateral security. The Company is not responsible for the validity or effect of a collateral assignment. The Company will not be responsible to an assignee for any payment or other action taken by the Company before receipt of the assignment in writing at its Home Office. The interest of any beneficiary will be subject to any collateral assignment made either before or after the beneficiary is named. A collateral assignee is not an Owner. A collateral assignment is not a transfer of ownership. Ownership can be transferred only by complying with Section 8.27.2.

Collateral Assignment. The Owner may assign this contract as collateral securitysecurity subject to the transferability restrictions in Section 7.5. The Company is not responsible for the validity or effect of a collateral assignment. The Company will not be responsible to an assignee for any payment or other action taken by the Company before receipt of the assignment in writing at its Home Office. The interest of any beneficiary will be subject to any collateral assignment made either before or after the beneficiary is named. A collateral assignee is not an Owner. A collateral assignment is not a transfer of ownership. Ownership can be transferred only by complying with Section 8.27.2.

Collateral Assignment. The Owner may assign this contract Policy as collateral security. The Company is not responsible for the validity or effect of a the collateral assignment. The Company will not be responsible to an assignee for any payment or other action taken by the Company before receipt of the assignment in writing at its the Home Office. The interest of any beneficiary the Beneficiaries will be subject to any collateral assignment made either before or after the beneficiary is Beneficiaries are named. A collateral assignee is not an Owner. A collateral collat- eral assignment is not a transfer of ownership. Ownership can be transferred only by complying with Section 8.22.2 or Section 2.3.

Collateral Assignment. The Owner may assign this contract policy as collateral security. The Company is not responsible for the validity or effect of a collateral assignment. The Company will not be responsible to an assignee for any payment or other action taken by the Company before receipt of the assignment in writing at its Home Office. The interest of any beneficiary will be subject to any collateral assignment made either before or after the beneficiary is in named. A collateral assignee is not an Owner. A collateral assignment is not a transfer of ownership. Ownership can be transferred only by complying with Section 8.22.2.

Collateral Assignment. The Owner may assign this contract as collateral security. The Company is not responsible assumes no responsibility for the validity or effect of a any collateral assignmentassignment of this contract. The Company will not be responsible to an assignee for any payment or other action taken by the Company before receipt of the assignment in writing at its Home OfficeOffice of the assignment. The interest of any beneficiary will be subject to any collateral assignment made either before or after the beneficiary is nameddesignation. A collateral assignee is not an Owner. A collateral assignment is not a transfer of ownership. Ownership can be transferred only by complying with Section 8.24.2.

Collateral Assignment. The Owner may assign this contract policy as collateral security. The Company is not responsible for the validity or effect of a collateral assignment. The Company will not be responsible to an assignee for any payment or other action taken by the Company before receipt of the assignment in writing at its Home Office. The interest of any beneficiary will be subject to any collateral assignment made either before or after the beneficiary is named. A collateral assignee is not an Owner. A collateral assignment is not a transfer of ownership. Ownership can be transferred only by complying with Section 8.22.2.