CREDITOR CLAIMS Sample Clauses

CREDITOR CLAIMS. Because the restricted fund is held for the purposes for which such funds were given, the parties intend that its assets are not subject to the claims of any creditor or to legal process resulting from activities of Grantor unrelated to such purposes.

CREDITOR CLAIMS. To the extent permitted by applicable laws, no right or benefit under this Contract shall be subject to claims of creditors, except as may be provided by an Assignment. DISCHARGE OF LIABILITY. We shall be discharged from all liability to the extent of any withdrawal, surrender or death benefit paid. Any payments made by us under any Payment Option shall discharge our liability to the extent of each such payment. Form PL516 7 PREMIUMS

CREDITOR CLAIMS. To the extent permitted baby applicable laws, no right or benefit under this Contract shall be subject to claims of creditors, except as may be provided by an Assignment.

CREDITOR CLAIMS. The principal of the Trust, and any earnings thereon shall be held separate and apart from other funds of Company and shall be used exclusively for the uses and purposes of Plan participants and general creditors as herein set forth. Plan participants and their beneficiaries shall have no preferred claim on, or any beneficial ownership interest in, any assets of the Trust. Any rights created under the Plan and this Trust Agreement shall be mere unsecured contractual rights of Plan participants and their beneficiaries against Company. Any assets held by the Trust will be subject to the claims of Company's general creditors under federal and state law in the event of Insolvency, as defined in Section 4(a) herein.

CREDITOR CLAIMS. The Trust Fund shall not be subject to the claims of the general creditors of the Company. No part of the corpus or income of the Trust Fund shall be recoverable by the Company or used for any purpose other than for the exclusive purpose of providing Bonus payments to Participants or their Beneficiaries and defraying reasonable expenses of administering the Trust in accordance with the provisions of this Trust Agreement.

CREDITOR CLAIMS. In addition to any other indemnities provided in this Agreement, the Seller shall indemnify and hold the Purchaser harmless from and against any and all liens claimed against any of the Transferred Assets by any creditor arising from any credit extended to the Seller prior to the Closing.

CREDITOR CLAIMS. The Policy or any comparable policy subject to this agreement are general assets of the Company and shall be subject to the claims of the Company's creditors.

CREDITOR CLAIMS. Subsidiary, Corporation and Corporation's Preferred Shareholders shall each indemnify, defend, and hold harmless Buyer and its Officers, Directors, financial advisors (including investment bankers, underwriters and certified public accountants, attorneys, employees and agents) (all of whom are collectively referred to as "Buyer Indemnities") against and in respect of any and all claims, demands, losses, costs, expenses, obligations, liabilities, damages, recoveries, and deficiencies, including interest, penalties, fines and reasonable attorneys' fees (collectively referred to as "Claims"), that Buyer shall incur or suffer, which arise, result from, or relate to any breach of, or failure by Selling Parties to perform any of their representations, warranties, covenants, or agreements in this Agreement or in any schedule, certificate, exhibit, or other instrument furnished or to be furnished by Selling Parties under this Agreement or arise, result from, or relate to any bankruptcy proceeding instituted by or against any of the Selling Parties including, without limitation, any recovery of the Assets, or any of them, as a preference under the Bankruptcy Code. In the event that Subsidiary, Corporation and/or Corporation's Preferred Shareholders defend the Buyer Indemnities under this Subsection (a), then they shall have the right to direct and control the defense, and Buyer Indemnities shall not be entitled to any attorneys' fees related to such defense.

CREDITOR CLAIMS. Client will identify certain claims of creditors (the “Creditors Claims”) and the confirmed debt of each identified Creditor Claim (the “Confirmed Debt”). Client will provide all reasonably requested information regarding the Creditor Claims and all underlying and supporting documentation as may be requested by ▇▇. ▇▇▇▇▇▇▇▇ and his designated agents and representatives.