Key Man Life Insurance Policies definition

Key Man Life Insurance Policies means the key-man life insurance policies on the lives of each of Xxxx Xxxxxx and Xxxx Xxxxxxx in the amounts required pursuant to Section 6.5 and otherwise in form and substance reasonably acceptable to the Administrative Agent.
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Key Man Life Insurance Policies means each and all of those certain key man life insurance policies covering the lives of Sudakhar Xxxxxxx and Xxx Xxxxxxxxx, respectively, for the benefit of the Borrowers, each in a minimum amount of Three Million and No/100 Dollars ($3,000,000.00).
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Key Man Life Insurance Policies means the key-man life insurance policies on the lives of each of Matt Conlin and Ryan Schulke in the amounts required pursuant to Section 6.5 and otherwise in form and substance reasonably acceptable to the Administrative Agent.
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Examples of Key Man Life Insurance Policies in a sentence

  • Although Dependent Upon Certain Key Personnel, The Company Does Not Have Any Key Man Life Insurance Policies On Any Such PeopleThe Company is dependent upon management in order to conduct its operations and execute its business plan; however, the Company has not purchased any insurance policies with respect to those individuals in the event of their death or disability.

  • The Employee shall use his best efforts to cooperate with the Company and any insurance company approached by the Company with respect to the obtaining and the maintenance of Key Man Life Insurance Policies.

  • Any or all of these occurrences could lead to the Company being subject to lawsuits, bad publicity, and other effects which could have a detrimental effect on the Company and on your investment.Although Dependent Upon Certain Key Personnel, The Company Does Not Have Any Key Man Life Insurance Policies On Any Such People Every Employee At The Time Of This Offering.

  • The Company reserves the right to obtain and maintain key man life insurance policies with respect to the Executive naming the Company as the primary beneficiary thereunder ("Key Man Life Insurance Policies") at the expense of the Company.

  • All of each Borrower’s present and future right, title and interest in and to the Key Man Life Insurance Policies.


More Definitions of Key Man Life Insurance Policies

Key Man Life Insurance Policies means all life insurance policies with respect to any employees of Celarix naming Celarix as a beneficiary including without limitation (i) The Midland Life Insurance Co. Policy #Z36681 with respect to Exxx Xxxxxxxxxx and (ii) First Colony Life Insurance Co. Policy #550963 with respect to Mxxx Xxxxxx.
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Key Man Life Insurance Policies means collectively any life insurance policies on the life of any Principal, for the benefit of the Borrower, to the extent permitted by the Note Indenture. Labor Contracts shall mean all employment agreements, employment contracts, collective bargaining agreements and other agreements among any Loan Party or Subsidiary of a Loan Party and its employees. Law shall mean any law (including common law), constitution, statute, treaty, regulation, rule, ordinance, opinion, release, ruling, order, injunction, writ, decree, consent decree, bond, judgment, authorization, lien or award of any Official Body. Xxxxxx shall mean the business acquired by the Borrower on pursuant to the Acquisition Agreement. Xxxxxx-Xxxxxx shall mean Xxxxxx-Xxxxxx Fasteners, Inc., a Tennessee corporation.
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Key Man Life Insurance Policies means each "Insurance Policy" as defined in each of the Master Promissory Notes."
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Key Man Life Insurance Policies has the meaning set forth in Section 4(l).
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Key Man Life Insurance Policies means the policies of insurance issued by Transamerica Occidental Life Insurance Company, insuring the lives of E. Briax Xxxxx xxx Willxxx X. Xxxxxxxx, xxlicy numbers 41079917 and 41080095, respectively, in the amounts of $5,000,000 and $1,000,000, respectively.
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Key Man Life Insurance Policies means, collectively, all life insurance policies, owned by the Borrower or the Parent Company, on the life of Mxxxxx.
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Key Man Life Insurance Policies set forth in the section of the Loan Agreement titled “Certain Definitions” are hereby deleted in their entirety and replaced with the following:
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