Common use of Collateral Assignment Clause in Contracts

Collateral Assignment. To secure repayment to the Corporation of the amount of the premiums on the Policy paid by it hereunder, the Trust has contemporaneously herewith assigned the Policy to the Corporation as collateral, under a form acceptable to the Insurer for such assignments. The collateral assignment of the Policy to the Corporation hereunder shall not be terminated, altered or amended by the Trust without the express written consent of the Corporation. The parties hereto agree to take all action necessary to cause such collateral assignment to conform to the provisions of this Agreement.

Collateral Assignment. To secure the repayment to the Corporation of the amount of the premiums on the Policy paid by it hereunder, the Trust has Employee has, contemporaneously herewith herewith, assigned the Policy to the Corporation as collateral, under a the form acceptable to used by the Insurer for such assignments. The collateral assignment of the Policy to the Corporation hereunder shall not be terminated, altered or amended by the Trust Employee, without the express written consent of the Corporation. The parties hereto agree to take all action necessary to cause such collateral assignment to conform to the provisions of this Agreement.

Collateral Assignment. To secure repayment repay- ment to the Corporation of the amount of the premiums on the Policy paid by it hereunder, the Trust has contemporaneously herewith assigned the Policy to the Corporation Corpo- ration as collateral, under a form acceptable accept- able to the Insurer for such assignments. The collateral assignment of the Policy to the Corporation hereunder shall not be terminated, altered or amended by the Trust without the express written consent of the Corporation. The parties hereto agree to take all action necessary to cause such collateral assignment to conform con- form to the provisions of this Agreement.

Collateral Assignment. To secure the repayment to the Corporation of the amount of the premiums on the Policy Policies paid by it hereunder, the Trust has Owner has, contemporaneously herewith herewith, assigned the Policy Policies to the Corporation as collateral, under a the form acceptable to used by the Insurer for such assignments. The collateral assignment assignments of the Policy Policies to the Corporation hereunder shall not be terminated, altered or amended by the Trust Owner, without the express written consent of the Corporation. The parties hereto agree to take all action necessary to cause such collateral assignment assignments to conform to the provisions of this Agreement.

Collateral Assignment. To secure repayment to the Corporation of the amount of the premiums on the Policy paid by it hereunder, the Trust Employee has contemporaneously herewith assigned the Policy to the Corporation as collateral, under a form acceptable to the Insurer for such assignments. The collateral assignment of the Policy to the Corporation hereunder shall not be terminated, altered or amended by the Trust Employee without the express written consent of the Corporation. The parties hereto agree to take all action necessary to cause such collateral assignment to conform to the provisions of this Agreement.