Common use of Insurer Not a Party Clause in Contracts

Insurer Not a Party. The Insurer shall be fully discharged from its obligations under the Policy by payment of the Policy death benefit to the beneficiary or beneficiaries named in the Policy, subject to the terms and conditions of the Policy. In no event shall the Insurer be considered a party to this Agreement or any modification or amendment hereof. No provision of this Agreement nor of any modification or amendment hereof shall in any way be construed as enlarging, changing, varying or in any other way affecting the obligations of the Insurer as expressly provided in the Policy, except insofar as the provisions hereof are made a part of the Policy by the collateral assignment executed by the Trust and filed with the Insurer in connection herewith.

Appears in 5 contracts

Samples: Split Dollar Agreement (American Biltrite Inc), Split Dollar Agreement (American Biltrite Inc), Split Dollar Agreement (American Biltrite Inc)

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Insurer Not a Party. The Insurer shall be fully discharged from its obligations under the Policy by payment of the Policy death benefit benefits to the beneficiary or beneficiaries named in the Policy, subject to the terms and conditions of the Policy. In no event shall the Insurer be considered a party to this Agreement or any modification or amendment hereofthereof. No provision of this Agreement nor Agreement, or of any modification or amendment hereof hereof, shall be construed in any way be construed as enlarging, changing, varying or in any other way affecting the obligations of the Insurer as expressly provided in the Policy, except insofar as the provisions hereof are made a part of the Policy by the collateral assignment Collateral Assignment executed by the Trust Owner and filed with the Insurer in connection herewith.

Appears in 4 contracts

Samples: Split Dollar Agreement (International Speedway Corp), Split Dollar Agreement (International Speedway Corp), Split Dollar Agreement (International Speedway Corp)

Insurer Not a Party. The Subject to the terms and conditions of the Policy, the Insurer shall be fully discharged from its obligations under the Policy by payment of the Policy death benefit to the beneficiary or beneficiaries named in the Policy, subject to the terms and conditions of the Policy. In no event shall the Insurer insurer be considered a party to this Agreement Agreement, or any modification or amendment hereof. No provision provisions of this Agreement nor of or any modification or amendment hereof shall in any way be construed as enlarging, changing, varying or in any other way affecting the obligations of the Insurer as expressly provided in the Policy, except insofar as the provisions hereof are made a part of the Policy by the collateral assignment executed by the Trust Employee and filed with the Insurer in connection herewith.

Appears in 4 contracts

Samples: Dollar Agreement (Warren Bancorp Inc), Split Dollar Agreement (Warren Bancorp Inc), Split Dollar Agreement (Warren Bancorp Inc)

Insurer Not a Party. The Each Insurer shall be fully discharged from its obligations under the its Policy by payment of the Policy death benefit to the beneficiary or beneficiaries named in the Policy, subject to the terms and conditions of the Policy. In no event shall the either Insurer be considered a party to this Agreement Agreement, or any modification or amendment hereof. No provision of this Agreement Agreement, nor of any modification or amendment hereof hereof, shall in any way be construed as enlarging, changing, varying varying, or in any other way affecting the obligations of the Insurer as expressly provided in the Policy, except insofar as the provisions hereof are made a part of the Policy by the collateral assignment executed by the Trust Owner and filed with the Insurer in connection herewith.

Appears in 2 contracts

Samples: Equifax Inc, Talx Corp

Insurer Not a Party. The Insurer shall be fully discharged from its obligations under the Policy by payment of the Policy death benefit to the beneficiary or beneficiaries named in the Policy, subject to the terms and conditions of the Policy. In no event shall the Insurer be considered a party to this Agreement Agreement, or any modification or amendment hereof. No provision of this Agreement Agreement, nor of any modification or amendment hereof hereof, shall in any way be construed as enlarging, changing, varying varying, or in any other way affecting the obligations of the Insurer as expressly provided in the Policy, except insofar so far as the provisions hereof are made a part of the Policy by the collateral assignment Collateral Assignment executed by the Trust Trustee and filed with the Insurer in connection herewith.

Appears in 2 contracts

Samples: Split Dollar Agreement (Cole National Corp /De/), Split Dollar Agreement (Cole National Corp /De/)

Insurer Not a Party. The Insurer shall be fully discharged from its obligations under the Policy by payment of the Policy death benefit to the beneficiary or beneficiaries named in the Policy, subject to the terms and conditions of the Policy. In no event shall the Insurer be considered a party to this Agreement Agreement, or any modification or amendment hereof. No provision of this Agreement nor of Agreement, any modification or amendment hereof hereof, shall in any way be construed as enlarging, changingvarying, varying or in any other way affecting the obligations of the Insurer as expressly provided in the Policy, except insofar as the provisions hereof are made a part of the Policy by the collateral assignment Collateral Assignment executed by the Trust Owner and filed with the Insurer in connection herewith.

Appears in 1 contract

Samples: Split Dollar Agreement (Saturn Electronics & Engineering Inc)

Insurer Not a Party. The Insurer shall be fully discharged from its obligations under the Policy Policies by payment of the Policy death benefit of the Policies to the beneficiary or beneficiaries named in the PolicyPolicies, subject to the terms and conditions of the PolicyPolicies. In no event shall the Insurer be considered a party Party to this Agreement the Agreement, or any modification or amendment hereof. No provision of this Agreement the Agreement, nor of any modification or amendment hereof hereof, shall in any way be construed as enlarging, changing, varying varying, or in any other way affecting the obligations of the Insurer as expressly provided in the PolicyPolicies, except insofar as the provisions hereof are made a part of the Policy Policies by the collateral assignment executed by the Trust Trustee and filed with the Insurer in connection herewith.

Appears in 1 contract

Samples: Dollar Life Insurance Agreement (Sherwin Williams Co)

Insurer Not a Party. The Insurer shall will be fully discharged from its obligations under the Policy by payment of the Policy death benefit to the beneficiary or beneficiaries beneficiary(ies) named in the Policy, subject to the Policy's terms and conditions of the Policyconditions. In Under no event shall the circumstances will Insurer be considered a party to this Agreement or any modification subsequent modifications or amendment hereofamendments of it, if any. No Further, no provision of this Agreement nor Agreement, or subsequent modifications or amendments of any modification or amendment hereof shall it, will in any way be construed as enlarging, changing, varying or in any other way otherwise affecting the Insurer's obligations of the Insurer as expressly provided in the Policy, except insofar as the this Agreement's provisions hereof are made a part of the Policy by the collateral assignment executed by the Trust and Collateral Assignment filed with the Insurer in connection herewith.

Appears in 1 contract

Samples: Split Dollar Life Insurance Agreement (Great Financial Corp)

Insurer Not a Party. The Insurer shall be fully discharged from its obligations under the Policy by payment of the Policy death benefit to the beneficiary or beneficiaries named in the Policy, subject to the terms and conditions of the Policy. In no event shall the Insurer be considered a party to this Agreement Agreement, or any modification or amendment hereof. No provision of this Agreement Agreement, nor of any modification or amendment hereof hereof, shall in any way be construed as enlarging, changing, varying varying, or in any other way affecting the obligations of the Insurer as expressly provided in the Policy, except insofar as the provisions hereof are made a part of the Policy by the collateral assignment endorsement or beneficiary designation executed by the Trust Employer and filed with the Insurer in connection herewith.

Appears in 1 contract

Samples: Split Dollar Life Insurance Agreement (Investors Bancorp, Inc.)

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Insurer Not a Party. The Insurer shall be fully discharged from its obligations under the Policy by payment of the Policy death benefit to the beneficiary or beneficiaries named in the Policy, subject to the terms and conditions of the Policy. In no event shall the Insurer be considered a party to this Agreement Agreement, or any modification or amendment hereof. No provision of this Agreement Agreement, nor of any modification or amendment hereof hereof, shall in any way be construed as enlarging, changing, varying or in any other way affecting the obligations of the Insurer as expressly provided in the Policy, except insofar as the provisions hereof are made a part of the Policy by the collateral assignment beneficiary designation executed by the Trust Corporation and filed with the Insurer in connection herewithwith this Agreement.

Appears in 1 contract

Samples: Split Dollar Life Insurance Agreement (Occidental Petroleum Corp /De/)

Insurer Not a Party. The Insurer shall be fully discharged from its their obligations under the Policy Policies by payment of the Policy Policies death benefit benefits to the beneficiary or beneficiaries named in the PolicyPolicies, subject to the terms and conditions of the PolicyPolicies. In no event shall the Insurer be considered a party to this Agreement Agreement, or any modification or amendment hereof. No provision of this Agreement Agreement, nor of any modification or amendment hereof hereof, shall in any way be construed as enlarging, changing, varying varying, or in any other way affecting the obligations of the Insurer as expressly provided in the PolicyPolicies, except insofar as the provisions hereof are made a part of the Policy Policies by the collateral assignment executed by the Trust Employee and filed with the Insurer in connection herewith.

Appears in 1 contract

Samples: Dollar Agreement (Ekco Group Inc /De/)

Insurer Not a Party. The Insurer shall be fully discharged from its obligations under the Policy by payment of the Policy death benefit to the beneficiary or beneficiaries named in the Policy, subject to the terms and conditions of the Policy. In no event shall the Insurer be considered a party to this Agreement Agreement, or any modification or amendment hereof. No provision provisions of this Agreement Agreement, nor of any modification or amendment hereof hereof, shall in any way be construed as enlarging, changing, varying or in any other way affecting the obligations of the Insurer as expressly provided in the Policy, except insofar as the provisions hereof are made a part of the Policy by the collateral assignment beneficiary designation executed by the Trust Company and filed with the Insurer in connection herewith.

Appears in 1 contract

Samples: Split Dollar Agreement (Semco Energy Inc)

Insurer Not a Party. The Insurer shall be fully discharged from its obligations under the Policy Policies by payment of the Policy death benefit of the Policies to the beneficiary or beneficiaries named in the PolicyPolicies, subject to the terms and conditions of the PolicyPolicies. In no event shall the Insurer be considered a party to this Agreement Agreement, or any modification or amendment hereof. No provision of this Agreement Agreement, nor of any modification or amendment hereof hereof, shall in any way be construed as enlarging, changing, varying varying, or in any other way affecting the obligations of the Insurer as expressly provided in the PolicyPolicies, except insofar as the provisions hereof are made a part of the a Policy by the collateral assignment executed by the Trust Owner and filed with the Insurer in connection herewith.

Appears in 1 contract

Samples: Split Dollar Agreement (Sherwin Williams Co)

Insurer Not a Party. The Insurer shall be fully discharged from its obligations under the Policy by payment of the Policy death benefit to the beneficiary or beneficiaries bene- ficiaries named in the Policy, subject to the terms and conditions of the Policy. In no event shall the Insurer be considered consid- ered a party to this Agreement or any modification or amendment hereof. No provision of this Agreement nor of any modification or amendment hereof shall in any way be construed as enlarging, changingxxxxx- ing, varying or in any other way affecting the obligations of the Insurer as expressly express- ly provided in the Policy, except insofar as the provisions hereof are made a part of the Policy by the collateral assignment executed by the Trust and filed with the Insurer in connection herewith.

Appears in 1 contract

Samples: Split Dollar Agreement (American Biltrite Inc)

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