Common use of Purchase of Policy Clause in Contracts

Purchase of Policy. The Owner will, contemporaneously with the execution hereof, purchase the Policy from the Insurer in the total face amount of $5,000,000. The parties hereto agree that they will take all necessary action to cause the Insurer to issue the Policy and shall take any further action which may be necessary to cause the Policy to conform to the provisions of this Agreement. The parties hereto agree that the Policy shall be subject to the terms and conditions of this Agreement and of the collateral assignment filed with the Insurer relating to the Policy.

Purchase of Policy. The Owner will, contemporaneously with the execution hereof, Employee will purchase the Policy from the Insurer in the total initial face amount of $5,000,0001,985,753. The parties hereto agree that they will take all necessary action to cause the Insurer to issue the Policy Policy, and shall take any further action which may be necessary to cause the Policy to conform to the provisions of this Agreement. The parties hereto agree that the Policy shall be subject to the terms and conditions of this Agreement and of the collateral assignment filed with the Insurer relating to the Policy.

Purchase of Policy. The Owner will, contemporaneously with the execution hereof, purchase has purchased the Policy from the Insurer in the total initial face amount of $5,000,00030,000,000. The parties hereto agree that they will take have taken all necessary action actions to cause the Insurer to issue the Policy Policy, and shall take any further action which actions that may be necessary to cause the Policy to conform to the provisions of this Agreement. The parties hereto agree that the Policy shall be subject to the terms and conditions of this Agreement and of the collateral assignment filed with the Insurer relating pursuant to the PolicySection 4 hereof.

Purchase of Policy. The Owner will, contemporaneously with the execution hereof, purchase has purchased the Policy from the Insurer in the total face amount of $5,000,0009,923,000. The parties hereto agree that they will take all necessary action to cause the Insurer to issue the Policy Policy, and shall take any further action which may be necessary to cause the Policy to conform to the provisions of this Agreement. The parties hereto agree that the Policy shall be subject to the terms and conditions of this Agreement and of the collateral assignment filed with the Insurer relating to the Policy.

Purchase of Policy. The Owner will, contemporaneously with the execution hereof, purchase Employee has purchased the Policy from the Insurer in the total face amount of Eight Hundred Twenty Thousand and No/100 Dollars ($5,000,000820,000.00). The parties hereto agree that they will take have taken all necessary action to cause the Insurer to issue the Policy and shall agree to take any further action which may be necessary to cause the Policy to conform to the provisions of this Agreement. The parties hereto agree that the Policy shall be subject to the terms and conditions of this Agreement and of the collateral assignment of the Policy filed with the Insurer relating to the PolicyInsurer.

Purchase of Policy. The Owner will, will contemporaneously with the execution hereof, purchase the Policy from the Insurer in the total face amount of $5,000,000102,000,000. The parties hereto agree that they will take all necessary action to cause the Insurer to issue the Policy Policy, and shall take any further action which may be necessary to cause the Policy to conform to the provisions of this Agreement. The parties hereto agree that the Policy shall be subject to the terms and conditions of this Agreement and of the collateral assignment filed with the Insurer relating to the Policy.