MONY Life definition
Examples of MONY Life in a sentence
For the purposes of clarification, the “Company” shall include MONY Life Insurance Company.
AXA Equitable Financial Services, LLC (“AEFS”) has agreed to sell, and the Reinsurer has agreed to purchase, all of the outstanding stock of MONY Life Insurance Company, a New York-domiciled life insurance company (“MONY”), pursuant to a Master Agreement, dated as of [ ], by and among AEFS, AXA Financial, Inc.
In the event that Distributor becomes a principal underwriter of MONY Life America variable products, MSC shall cease to be a party to this Agreement.
MONY Life America will have the right to refuse to appoint any General Agent or individual agent recommended by the Distributor which MONY Life America determines in its sole discretion to be unsatisfactory for appointment and, following written notice to the Distributor, to terminate any such appointment thereinafter.
For the purposes of the foregoing, reinsurance shall be deemed to be on a modco basis if MONY Life retains for its own account the statutory reserves associated with the liabilities reinsured and the corresponding assets.
If the foregoing is in accordance with your understanding, please sign and return to us four counterparts hereof, and upon the acceptance hereof by you, on behalf of each of the Purchasers, this letter and such acceptance hereof shall constitute a binding agreement between each of the Purchasers, the Company and MONY Life.
MONY Life shall not take any action, or fail to take any action, if such action or failure to take action could reasonably be expected to interfere with the enforcement of any rights under the Transaction Documents or any Subsequent Transaction Documents that are material to the rights, benefits or obligations of the Insurer.
The Company and MONY Life further agree to use their reasonable best efforts to commence and complete the Exchange Offer promptly, but no later than 45 days after such registration statement has become effective, hold the Exchange Offer open for at least 30 days and exchange Exchange Notes for all Registrable Notes that have been properly tendered and not withdrawn on or prior to the expiration of the Exchange Offer.
The Insurer shall have received true and correct copies of all approvals, licenses and consents, if any, including any required approval of the shareholders or members, as applicable, of each of MONY Group, the Issuer and MONY Life required in connection with the issuance of the Additional Notes.
Effective as of the Merger Date, the Executive shall be granted 2,000 Performance Share Units (as such term is defined in the MONY Life Long Term Performance Share Plan) in accordance with the terms of such plan.