Definition of Policy Loan

  1. Policy Loan means, with respect to any Policy, any loan or other cash advance made against the cash value of such Policy.

Examples of Policy Loan in a sentence

  1. Except as provided herein and in the other Transaction Documents, sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist, any Adverse Claim upon or with respect to, any of the Pledged Policies or any other Collateral, including, without limitation, any Adverse Claim arising out of a Policy Loan.

Definition of Policy Loan in Credit and Security Agreement

Policy Loan means, with respect to any Policy, any loan or other cash advance made against the cash value of such Policy.