Common use of Key Man Insurance Clause in Contracts

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “Best’s Life Reports” in the aggregate amount of $2,000,000 on each of the lives of Mx. Xxxxxx Koutsoliotsos and Mx. Xxxxx Zafet. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “Best’s Life Reports” in the aggregate amount of $2,000,000 on each the life of the lives of MxXx. Xxxxxx Koutsoliotsos and Mx. Xxxxx ZafetXx. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “"Best’s 's Life Reports” " in the aggregate amount of $2,000,000 on each the life of the lives of MxXx. Xxxxxx Koutsoliotsos and Mx. Xxxxx Zafet. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.X.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “Best’s Life Reports” in the aggregate amount of $2,000,000 on each of the lives of Mx. each of Messrs. Xxxxxx Koutsoliotsos Xxxxxx and Mx. Xxxxx ZafetXX Xxxxx, or other key management to be agreed upon by the Company and the Representatives prior to the Closing Date. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “Best’s Life Reports” in the aggregate amount of $2,000,000 on each the life of the lives of Mx. Xxxxxx Koutsoliotsos and MxXx. Xxxxx ZafetXxxxx. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “"Best’s 's Life Reports” " in the aggregate amount of $2,000,000 on each the life of Fuzu Zeng, or other key management xx xx xxreed upon by the lives of Mx. Xxxxxx Koutsoliotsos Company and Mx. Xxxxx Zafetthe Representative prior to the Closing Date. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “Best’s Life Reports” in the aggregate amount of $2,000,000 on the life of Xx. Xxxxxx X. Cohen and in the aggregate amount of $1,000,000 for each of the lives of Mx. Xxxxxx Koutsoliotsos X. Xxxxxxxxx, Xxxxx Xxxxxxxxx and Mx. Xxxxx ZafetXxxx Xxxxxxx. Such insurance shall be maintained in full force and effect for a period of three two years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “Best’s Life Reports” in the aggregate amount of $2,000,000 on each of the lives of MxXx. Xxxxxx Koutsoliotsos XxXxxxxx or other key management to be agreed upon by the Company and Mx. Xxxxx ZafetMaxim prior to the Closing Date. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “Best’s Life Reports” in the aggregate amount of $2,000,000 on each of the lives of Mx. Xxxxxx Koutsoliotsos each of Messrs. , or other key management to be agreed upon by the Company and Mx. Xxxxx Zafetthe Representative prior to the Closing Date. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “Best’s Life Reports” in the aggregate amount of $2,000,000 on each of the lives of Mx. Xxxxxx Koutsoliotsos Mr. Adiv Baruch and MxXx. Xxxxx ZafetXxxxx. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “Best’s Life Reports” in the aggregate amount of $2,000,000 on each of the lives life of Mx. Xxxxxx Koutsoliotsos and Mx. Xxxxx ZafetXx. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “Best’s Life Reports” in the aggregate amount of $2,000,000 on each the life of Xxxx Xxxx, or other key management to be agreed upon by the lives of Mx. Xxxxxx Koutsoliotsos Company and Mx. Xxxxx Zafetthe Representative prior to the Closing Date. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “"Best’s 's Life Reports” " in the aggregate amount of $2,000,000 3,000,000 on each the life of key management to be agreed upon by the lives of Mx. Xxxxxx Koutsoliotsos Company and Mx. Xxxxx ZafetMaxim prior to the Closing Date. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “Best’s Life Reports” in the aggregate amount of $2,000,000 on each of the lives of Mx. Xxxxxx Koutsoliotsos and MxMssrs. Xxxxx Zafetand Cohl or other key management to be agreed upon by the Company and Maxim prior to the Closing Date. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “Best’s Life Reports” in the aggregate amount of $2,000,000 3,000,000 on each the life of key management to be agreed upon by the lives of Mx. Xxxxxx Koutsoliotsos Company and Mx. Xxxxx ZafetMaxim prior to the Closing Date. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “Best’s Life Reports” in the aggregate amount of $2,000,000 on each the life of the lives then current Chief Executive Officer of Mx. Xxxxxx Koutsoliotsos the Company and Mx. Xxxxx Zafetthe other key executives of the Company. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole Xxxx Capital Partners, LLC _______________, 2005 Page 24 of 44 beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “"Best’s 's Life Reports” " in the aggregate amount of $2,000,000 on each the life of the lives of Mx. Xxxxxx Koutsoliotsos and Mx. Xxxxx Zafet. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.Mr. Steven M.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “Best’s Life Reports” in the aggregate amount of $2,000,000 on each of the lives of Mx. each of Messrs. Xxxxxx Koutsoliotsos Xxxxxx and Mx. Xxxxx ZafetXX Xxxxx, or other key management to be agreed upon by the Company and Maxim prior to the Closing Date. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “Best’s Life Reports” in the aggregate amount of $2,000,000 on each the life of Xxxxxxx X. Xxxxxx, Chairman and Chief Executive Officer of the lives of Mx. Xxxxxx Koutsoliotsos and Mx. Xxxxx ZafetCompany. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “Best’s Life Reports” in the aggregate amount of $2,000,000 on each of the lives of MxXx. Xxxxxx Koutsoliotsos X. Sagredos and MxXx. Xxxxx ZafetXxxxxxx Theotokis prior to the Closing Date. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “Best’s Life Reports” in the aggregate amount of $2,000,000 on each the life of the lives then current Chief Executive Officer of Mx. Xxxxxx Koutsoliotsos the Company and Mx. Xxxxx Zafetthe other key executives of the Company. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.

Key Man Insurance. Prior to the consummation of the Business Combination, the Company will obtain key person life insurance with an insurer rated at least AA or better in the most recent addition of “Best’s Life Reports” in the aggregate amount of $2,000,000 on each of the lives of Mx. Xxxxxx Koutsoliotsos and MxMssrs. Xxxxx Zafetand Xxxx or other key management to be agreed upon by the Company and Maxim prior to the Closing Date. Such insurance shall be maintained in full force and effect for a period of three years from the consummation of the Business Combination. The Company shall be the sole beneficiary of such policy.