Common use of Collateral Assignment Clause in Contracts

Collateral Assignment. To secure the repayment to the Corporation of the amount of the premiums on the Policy paid by it hereunder, the Owner has, contemporaneously herewith, assigned the Policy to the Corporation as collateral in accordance with the terms of the Collateral Assignment. The Collateral Assignment of the Policy to the Corporation hereunder shall not be terminated, altered or amended by the Owner while this Agreement is in effect. The parties hereto agree to take all action necessary to cause the Collateral Assignment to conform to the provisions of this Agreement.

Appears in 5 contracts

Samples: Dollar Agreement (Conseco Inc), Dollar Agreement (Conseco Inc), Dollar Agreement (Conseco Inc)

AutoNDA by SimpleDocs

Collateral Assignment. To secure the repayment to the Corporation of the amount of the premiums on the Policy Policies paid by it the Corporation hereunder, the Owner has, contemporaneously herewith, assigned the Policy Policies to the Corporation as collateral. The collateral in accordance with the terms assignment of the Collateral Assignment. The Collateral Assignment of the Policy Policies to the Corporation hereunder shall not be terminated, altered or amended by the Owner while this Agreement is in effectOwner, without the express written consent of the Corporation. The parties hereto agree to take all action necessary to cause the Collateral Assignment such collateral assignments to conform to the provisions of this Agreement.

Appears in 2 contracts

Samples: Split Dollar Agreement (Mens Wearhouse Inc), Split Dollar Agreement (Mens Wearhouse Inc)

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

Appears in 2 contracts

Samples: Split Dollar Agreement (West Pointe Bancorp Inc), Split Dollar Agreement (Hilb Rogal & Hamilton Co /Va/)

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

Appears in 1 contract

Samples: Split Dollar Agreement (Agribrands International Inc)

Collateral Assignment. To secure the repayment to the Corporation of the amount of the premiums on the Policy paid by it hereunder, the Owner Associate’s Trust has, contemporaneously herewith, assigned the Policy to the Corporation as collateral in accordance with collateral, under the terms of form used by the Collateral AssignmentInsurer for such assignments. The Collateral Assignment collateral assignment of the Policy to the Corporation hereunder shall not be terminated, altered or amended by the Owner while this Agreement is in effectAssociate’s Trustee, without the express written consent of the Corporation. The parties hereto agree to take all action necessary to cause the Collateral Assignment such collateral assignment to conform to the provisions of this Agreement.

Appears in 1 contract

Samples: Split Dollar Agreement (TFS Financial CORP)

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

Appears in 1 contract

Samples: Split Dollar Agreement (American Greetings Corp)

Collateral Assignment. To secure the repayment to the Corporation of the amount of the premiums on the Policy paid by it hereunder, the Owner has, Employee has contemporaneously herewith, herewith assigned the Policy to the Corporation as collateral in accordance with collateral, under a form acceptable to the terms of the Collateral AssignmentInsurer for such assignments. The Collateral Assignment collateral assignment of the Policy to the Corporation hereunder shall not be terminated, altered or amended by the Owner while this Agreement is in effectEmployee without the express written 77 consent of the Corporation. The parties hereto agree to take all action necessary to cause the Collateral Assignment such collateral assignment to conform to the provisions of this Agreement.

Appears in 1 contract

Samples: Split Dollar Agreement (American Biltrite Inc)

Collateral Assignment. To secure the repayment to the Corporation of the amount of the premiums on the Policy Policies paid by it the Corporation hereunder, the Owner Employee has, contemporaneously herewith, assigned the Policy Policies to the Corporation as collateral. The collateral in accordance with the terms assignment of the Collateral Assignment. The Collateral Assignment of the Policy Policies to the Corporation hereunder shall not be terminated, altered or amended by the Owner while this Agreement is in effectEmployee, without the express written consent of the Corporation. The parties hereto agree to take all action necessary to cause the Collateral Assignment such collateral assignments to conform to the provisions of this Agreement.

Appears in 1 contract

Samples: Split Dollar Agreement (Mens Wearhouse Inc)

AutoNDA by SimpleDocs

Collateral Assignment. To secure the repayment to the Corporation of ---------------------- the amount of the premiums on the Policy Policies paid by it hereunder, the Owner has, contemporaneously herewith, assigned both of the Policy Policies to the Corporation as collateral. The collateral in accordance with the terms assignments of the Collateral Assignment. The Collateral Assignment of the Policy Policies to the Corporation hereunder shall not be terminated, altered or amended by the Owner while this Agreement is in effectOwner, without the express written consent of the Corporation. The parties hereto agree to take all action necessary to cause the Collateral Assignment such collateral assignments to conform to the provisions of this Agreement.

Appears in 1 contract

Samples: Split Dollar Agreement (MGM Grand Inc)

Collateral Assignment. To secure the repayment payment to the Corporation of the amount of the premiums on the Policy paid by it hereunderhereunder or the cash Surrender value of the Policy if greater, the Owner Employee, has, contemporaneously herewith, assigned the Policy to the Corporation as collateral in accordance with the terms of the Collateral Assignmentcollateral. The Collateral Assignment collateral assignment of the Policy to the Corporation hereunder shall not be terminated, altered or amended by the Owner while this Agreement is in effectEmployee, without the express written consent of the Corporation. The parties hereto agree to take all action necessary to cause the Collateral Assignment such collateral assignment to conform to the provisions of this Agreement.

Appears in 1 contract

Samples: Split Dollar Agreement (Sunstone Hotel Investors, Inc.)

Collateral Assignment. To secure the repayment payment to the Corporation of the amount of the premiums on the Policy paid by it hereunderit, the Owner Trust has, contemporaneously herewith, assigned the Policy to the Corporation as collateral in accordance with the terms of the Collateral Assignmentcollateral. The Collateral Assignment collateral assignment of the Policy to the Corporation hereunder shall not be terminated, altered or amended by the Owner while Trust prior to the termination of this Agreement is in effectAgreement, without the express written consent of the Corporation. The parties hereto agree to take all action necessary to cause the Collateral Assignment such collateral assignment to conform to the provisions of this Agreement.

Appears in 1 contract

Samples: Agreement (Om Group Inc)

Collateral Assignment. To secure the repayment to the Corporation of the amount of the premiums on the Policy paid by it hereunder, the Owner Employee has, contemporaneously herewith, assigned the Policy to the Corporation as collateral in accordance with the terms of the Collateral Assignmentcollateral. The Collateral Assignment collateral assignment of the Policy to the Corporation hereunder shall not be terminated, altered or amended by the Owner while this Agreement is in effectEmployee, without the express written consent of the Corporation. The parties hereto agree to take all action necessary to cause the Collateral Assignment such collateral assignment to conform to the provisions of this Agreement.

Appears in 1 contract

Samples: Split Dollar Agreement (Emerson Electric Co)

Time is Money Join Law Insider Premium to draft better contracts faster.