Common use of Collateral Assignment Clause in Contracts

Collateral Assignment. The Securities Intermediary or the Insurance Consultant had delivered to the related Issuing Insurance Companies a fully completed and executed collateral assignment in respect of each Subject Policy on or prior to the date of the Second Initial Advance, naming the Administrative Agent, on behalf of the Lenders, as the collateral assignee and the Administrative Agent received verbal confirmation on a recorded line from each of the related Issuing Insurance Companies that all such collateral assignments had been received by such Issuing Insurance Companies and no other collateral assignments were on file with such Issuing Insurance Companies.

Appears in 3 contracts

Samples: Loan and Security Agreement (GWG Holdings, Inc.), Security Agreement (GWG Holdings, Inc.), Loan and Security Agreement (GWG Holdings, Inc.)

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Collateral Assignment. The Securities Intermediary or the Insurance Consultant had delivered to the related Issuing Insurance Companies a fully completed and executed collateral assignment in respect of each Subject Policy on or prior to the date of the Second Initial AdvanceClosing Date, naming the Administrative Agent, on behalf of the Lenders, as the collateral assignee and the Administrative Agent received verbal confirmation on a recorded line from each of the related Issuing Insurance Companies that all such collateral assignments had been received by such Issuing Insurance Companies and no other collateral assignments were on file with such Issuing Insurance Companies.

Appears in 3 contracts

Samples: Loan and Security Agreement (GWG Holdings, Inc.), Security Agreement (GWG Holdings, Inc.), Loan and Security Agreement (GWG Holdings, Inc.)

Collateral Assignment. The Securities Intermediary or the Insurance Consultant had delivered to the related Issuing Insurance Companies a fully completed and executed collateral assignment in respect of each Subject Policy on or prior to the date of Initial Closing Date (except for Subject Policies set forth on the Second Initial AdvanceAdvance Lexington Schedule and the Subject Policy set forth on Schedule 7.1(a)(i)), naming the Administrative Agent, on behalf of the Lenders, as the collateral assignee and the Administrative Agent received verbal confirmation on a recorded line from each of the related Issuing Insurance Companies that all such collateral assignments had been received by such Issuing Insurance Companies and no other collateral assignments were on file with such Issuing Insurance Companies.

Appears in 2 contracts

Samples: Loan and Security Agreement (Emergent Capital, Inc.), Assignment and Assumption Agreement (Imperial Holdings, Inc.)

Collateral Assignment. The Securities Intermediary or the Insurance Consultant had shall have delivered to the related Issuing Insurance Companies a fully completed and executed collateral assignment in respect of each Subject Policy on or prior to the date of the Second Initial AdvanceClosing Date, naming the Administrative Agent, on behalf of the Lenders, as the collateral assignee and the Administrative Agent shall have received verbal confirmation on a recorded line from each of the related Issuing Insurance Companies that all such collateral assignments had have been received by such Issuing Insurance Companies and no other collateral assignments were on file with such Issuing Insurance Companies.

Appears in 2 contracts

Samples: Loan and Security Agreement (Emergent Capital, Inc.), Loan and Security Agreement (Imperial Holdings, Inc.)

Collateral Assignment. The Securities Intermediary or the Insurance Consultant had delivered to the related Issuing Insurance Companies a fully completed and executed collateral assignment in respect of each Subject Policy on or prior to the date of the Second Initial making of such Advance, naming the Administrative Agent, on behalf of the Lenders, as the collateral assignee and the Administrative Agent received verbal confirmation on a recorded line from each of the related Issuing Insurance Companies that all such collateral assignments had been received by such Issuing Insurance Companies and no other collateral assignments were on file with such Issuing Insurance Companies.

Appears in 1 contract

Samples: Security Agreement (GWG Holdings, Inc.)

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Collateral Assignment. The Securities Intermediary or the Insurance Consultant had shall have delivered to the related Issuing Insurance Companies a fully completed and executed collateral assignment in respect of each Subject Policy on or prior to the date of the Second Initial making of such Advance, naming the Administrative Agent, on behalf of the Lenders, as the collateral assignee and the Administrative Agent shall have received verbal confirmation on a recorded line from each of the related Issuing Insurance Companies that all such collateral assignments had have been received by such Issuing Insurance Companies and no other collateral assignments were are on file with such Issuing Insurance Companies.

Appears in 1 contract

Samples: Loan and Security Agreement (GWG Holdings, Inc.)

Collateral Assignment. The Securities Intermediary or the Insurance Consultant had shall have delivered to the related Issuing Insurance Companies a fully completed and executed collateral assignment in respect of each Subject Policy on or prior to the date of the Second Initial Advance, naming the Administrative Agent, on behalf of the Lenders, as the collateral assignee and the Administrative Agent shall have received verbal confirmation on a recorded line from each of the related Issuing Insurance Companies that all such collateral assignments had have been received by such Issuing Insurance Companies and no other collateral assignments were are on file with such Issuing Insurance Companies.

Appears in 1 contract

Samples: Loan and Security Agreement (GWG Holdings, Inc.)

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