Common use of Net Worth Clause in Contracts

Net Worth. AIG agrees that it shall cause AIG Life to have at all times during the term of this Agreement a policyholders surplus of not less than one million dollars ($1,000,000) or such greater amount as shall be sufficient to enable AIG Life to perform the obligations under any policy issued by AIG Life.

Appears in 8 contracts

Samples: Agreement (Variable Account Ii Aig Life Insurance Co), Agreement (Variable Account I of Aig Life Ins Co), Agreement (Variable Account Ii Aig Life Insurance Co)

AutoNDA by SimpleDocs

Net Worth. AIG agrees that it shall shall, cause AIG AI Life to have at all times during the term of this Agreement a policyholders surplus of not less than one million dollars ($1,000,000) or such greater amount as shall be sufficient to enable AIG A.I. Life to perform the obligations under any policy issued by AIG A.I. Life.

Appears in 4 contracts

Samples: Agreement (Variable Account B American Intl Life Assur Co of New York), Agreement (Variable Account B American Intl Life Assur Co of New York), Agreement (Variable Account B American Intl Life Assur Co of New York)

AutoNDA by SimpleDocs

Net Worth. AIG agrees that it shall cause AIG Life to have at all times --------- during the term of this Agreement a policyholders surplus of not less than one million dollars ($1,000,000) or such greater amount as shall be sufficient to enable AIG Life to perform the obligations under any policy issued by AIG Life.

Appears in 1 contract

Samples: Variable Account II of AGL of Delaware

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