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

Sources: Termination Notice (Variable Account II of AGL of Delaware), Agreement Between American International Group, Inc. And Aig Life Insurance Company (Variable Account I of Aig Life Ins Co), Agreement Between Aig and Aig Life Insurance Company (Variable Account Ii Aig Life Insurance Co)

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

Sources: 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 a American Intl Life Assur Co of New York)

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 1 contract

Sources: Termination Notice (Variable Account B American Intl Life Assur Co of New York)

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

Sources: Notice of Termination (Variable Account II of AGL of Delaware)