Common use of Key Person Life Insurance Clause in Contracts

Key Person Life Insurance. The Borrower shall ------------------------- maintain insurance upon the life of Llxxx Xxxxxx, its President and CEO, with the death benefit thereunder in an amount not less than $2,000,000.00 (the "Life Insurance Policy"). The right to receive the proceeds of the Life Insurance Policy shall be assigned to the Lender by the Life Insurance Assignment.

Key Person Life Insurance. The Borrower shall ------------------------- maintain insurance upon the life of Llxxx XxxxxxXxxxx Xxxx, its President and CEOPresident, with the death benefit thereunder in an amount not less than $2,000,000.00 250,000 (the "Life Insurance Policy"). The right to receive the proceeds of the Life Insurance Policy shall be assigned to the Lender by the Life Insurance Assignment.

Key Person Life Insurance. The Borrower Borrowers shall ------------------------- maintain insurance upon the life of Llxxx XxxxxxHxxxxx Xxxxx, its President and CEOtheir President, with the death benefit thereunder in an amount not less than $2,000,000.00 7,500,000 (the "“Life Insurance Policy"”). The right to receive the proceeds of the Life Insurance Policy shall be assigned to the Lender by the Life Insurance Assignment.

Key Person Life Insurance. The Borrower shall ------------------------- maintain insurance upon the life of Llxxx XxxxxxXxxxx X. Xxxxxxxxx, its President and CEO, Chief Executive Officer with the death benefit thereunder in an amount not less than $2,000,000.00 1,000,000.00 (the "“Life Insurance Policy"”). The right to receive the proceeds of the Life Insurance Policy shall be assigned to the Lender by the Life Insurance Assignment.

Key Person Life Insurance. The Borrower shall ------------------------- maintain insurance upon the life of Llxxx XxxxxxXxxxxx X. Xxxxx, its President and CEOpresident, with the death benefit thereunder in an amount not less than $2,000,000.00 3,500,000 (the "Life Insurance Policy"). The right to receive the proceeds of the Life Insurance Policy shall be assigned to the Lender by the Life Insurance AssignmentLender.

Key Person Life Insurance. The Borrower Borrowers shall ------------------------- maintain insurance upon the life of Llxxx XxxxxxXxxx Xxxxxxxxxxx, its President and CEOof the Company, with the death benefit thereunder in an amount not less than $2,000,000.00 1,000,000 as of the Closing Date (the "“Life Insurance Policy"”). The right to receive the proceeds of the Life Insurance Policy shall be assigned to the Lender by the Life Insurance Assignment.