INSURED'S OR ASSIGNEE'S ASSIGNMENT RIGHTS. The Insured may not, without the written consent of the Bank, assign to any individual, trust or other organization, any right, title or interest in the subject policy nor any rights, options, privileges or duties created under this Agreement.
INSURED'S OR ASSIGNEE'S ASSIGNMENT RIGHTS. The Insured may, with the written consent of the Bank, assign to any individual, trust or other organization, such rights as the Insured presently has under the Agreement. Insured and Bank expressly recognize that the rights of Insured under this Agreement are limited to those rights specified in Paragraphs III herein and include only the rights (subject to the written consent of the Bank) (i) to designate a beneficiary or beneficiaries to receive Insured’s share of the proceeds; and (ii) to designate and change a payment option for such beneficiary or beneficiaries.
INSURED'S OR ASSIGNEE'S ASSIGNMENT RIGHTS. Neither the Insured nor the Trust may assign to any individual, trust or other organization, any right, title or interest in the Policy nor any rights, options, privileges or duties created under this Agreement.
