Captive Insurance Entity means any Person (other than an individual) created solely for the purpose of purchasing or providing, or facilitating the provision of, insurance for products liability, workers compensation, property damage, professional indemnity, employee benefits, employer’s liability and motor and medical expenses, in each case, to the extent that such insurance may be so purchased, provided, or facilitated in accordance with applicable requirements of Law.
Captive Insurance Entity means any wholly-owned Subsidiary or other Person (other than an individual and otherwise reasonably acceptable to the Administrative Agent) created solely for the purpose of purchasing or providing, or facilitating the provision of, insurance for products liability, workers compensation, property damage, professional indemnity, employee benefits, employer’s liability and motor and medical expenses, in each case, to the extent that such insurance may be so purchased, provided, or facilitated in accordance with applicable Law.
Captive Insurance Entity appearing in Section 1.01 (Defined Terms) of the Credit Agreement is hereby amended by deleting the text “Agents” in said definition and inserting the text “Administrative Agent” in lieu thereof.
Examples of Captive Insurance Entity in a sentence
In order to be eligible for membership, a prospective member shall be either: (1) a Captive Insurance Entity; (2) a Captive Insurance Service Provider, or (3) such other class of membership pursuant to the guidelines or instructions promulgated by the Membership Committee and approved by the Board of Directors.
More Definitions of Captive Insurance Entity
Captive Insurance Entity means an insurance company created and owned by a Credit Party whose primary purpose is to provide coverage on the risk of the Parent or the Parent’s Subsidiaries.
Captive Insurance Entity means any captive insurance company established for the purpose of insuring the Borrower and its Subsidiaries and that is or will be subject to regulation as an insurance subsidiary.
Captive Insurance Entity means a Subsidiary of the Company that engages in no activities other than issuing or otherwise providing insurance to the Company and its affiliates, and activities directly related to such activities.
Captive Insurance Entity means an insurance company created and owned by a Loan Party whose primary purpose is to provide coverage on the risk of the Parent or the Parent's Subsidiaries. Carryover Amount shall have the meaning assigned to such term in Section 7.2.14. CIP Regulations shall have the meaning assigned to such term in Section 9.18. Closing Date shall mean April 28, 2009.
Captive Insurance Entity or “Entity” shall mean any entity or organization currently authorized to carry out business in the State of Hawaii pursuant to the provisions of the laws of the State of Hawaii governing captive insurance.
Captive Insurance Entity means any Captive Insurance Company, any Subsidiary of a Captive Insurance Company and any direct parent of a Captive Insurance Company, the primary purpose of which is to own the Equity in such Captive Insurance Company.
Captive Insurance Entity means any wholly-owned Subsidiary or other Person (other than an individual and otherwise reasonably acceptable to the Agents) created solely for the purpose of purchasing or providing, or facilitating the provision of, insurance for products liability, workers compensation, property damage, professional indemnity, employee benefits, employer's liability and motor and medical expenses, in each case, to the extent that such insurance may be so purchased, provided, or facilitated in accordance with applicable Law.