Common use of COLLECTION OF PROCEEDS ON DEATH Clause in Contracts

COLLECTION OF PROCEEDS ON DEATH. Upon the death of a Shareholder, the Corporation shall proceed immediately to collect the insurance proceeds payable to the Corporation as a result of the death under all life insurance policies subject to this Agreement. Upon receipt of the said proceeds of insurance, the Corporation shall immediately advise the personal representatives of the deceased Shareholder and the other Shareholders of such receipt.

COLLECTION OF PROCEEDS ON DEATH. Upon the death of a Shareholder, the Corporation shall proceed immediately to collect the insurance proceeds payable to the Corporation as a result of the death under all life insurance policies subject to this Agreement. Upon receipt of the said proceeds of insurance, the Corporation shall immediately advise the personal representatives of the deceased Shareholder and the other Shareholders Shareholder of such receipt.

COLLECTION OF PROCEEDS ON DEATH. Upon the death of a Shareholder, the Corporation shall proceed immediately to collect the insurance proceeds payable to the Corporation as a result of the death under all life insurance policies subject to this Agreement. Upon receipt of the said proceeds of insurance, the Corporation shall immediately advise the personal Legal representatives of the deceased Shareholder and the other Shareholders Shareholder of such receipt.

COLLECTION OF PROCEEDS ON DEATH. Upon the death of a ShareholderPrincipal, the Corporation shall proceed immediately to collect the insurance proceeds payable to the Corporation as a result of the death under all life insurance policies subject to this Agreement. Upon receipt of the said proceeds of insurance, the Corporation shall immediately advise the personal representatives Legal Representative of the deceased Shareholder Deceased, the surviving Principal and the other Shareholders of such receipt.

COLLECTION OF PROCEEDS ON DEATH. SPECIMEN Upon the death of a Shareholder, the Corporation shall proceed immediately to collect the insurance proceeds payable to the Corporation as a result of the death under all life insurance policies subject to this Agreement. Upon receipt of the said proceeds of insurance, the Corporation shall immediately advise the personal representatives Legal Representative of the deceased Deceased Shareholder and the other Shareholders of such receipt.

COLLECTION OF PROCEEDS ON DEATH. Upon the death of a Shareholder, the Corporation surviving Shareholder shall proceed immediately to collect the insurance proceeds payable to the Corporation such Shareholder as a result of the death under all life insurance policies subject to this Agreement. Upon receipt of the said proceeds of insurance, the Corporation such Shareholder shall immediately advise the personal representatives of the deceased Deceased Shareholder and the other Shareholders of such receipt.

COLLECTION OF PROCEEDS ON DEATH. Upon the death of a Shareholder, the Corporation shall proceed immediately to collect the insurance proceeds payable to the Corporation as a result of the death under all life insurance policies subject to this Agreement. Upon receipt of the said proceeds of insurance, the Corporation shall immediately advise the personal legal representatives of the deceased Shareholder and the other Shareholders of such receipt.

COLLECTION OF PROCEEDS ON DEATH. 0000-00-0000 Upon the death of a ShareholderPrincipal, the Corporation shall proceed immediately to collect the insurance proceeds payable to the Corporation as a result of the death under all life insurance policies subject to this Agreement. Upon receipt of the said proceeds of insurance, the Corporation shall immediately advise the personal representatives representative of the deceased Shareholder Deceased, the surviving Principal and the other Shareholders of such receipt.

COLLECTION OF PROCEEDS ON DEATH. 0000-00-0000 Upon the death of a Shareholder, the Corporation shall proceed immediately to collect the insurance proceeds payable to the Corporation as a result of the death under all life insurance policies subject to this Agreement. Upon receipt of the said proceeds of insurance, the Corporation shall immediately advise the personal representatives of the deceased Deceased Shareholder and the other Shareholders of such receipt.

COLLECTION OF PROCEEDS ON DEATH. SPECIMEN Upon the death of a Shareholder, the Corporation shall proceed immediately to collect the insurance proceeds payable to the Corporation as a result of the death under all life insurance policies subject to this Agreement. Upon receipt of the said proceeds of insurance, the Corporation shall immediately advise the personal representatives Legal Representative of the deceased Shareholder and the other Shareholders of such receipt.

COLLECTION OF PROCEEDS ON DEATH. Upon the death of a Shareholder, the Corporation surviving Shareholder shall proceed immediately to collect the insurance proceeds payable to the Corporation such Shareholder as a result of the death under all life insurance policies subject to this AgreementInsurance Policies. Upon receipt of the said proceeds of insurance, the Corporation such Shareholder shall immediately advise the personal representatives of the deceased Shareholder and the other Shareholders of such receipt.