DEFINITION OF TERMS USED IN THIS AGREEMENT Sample Clauses

DEFINITION OF TERMS USED IN THIS AGREEMENT. Automatic Reinsurance Shall mean reinsurance which must be ceded by THE COMPANY in accordance with the terms of this Reinsurance Agreement, and must be accepted by OPTIMUM RE.
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DEFINITION OF TERMS USED IN THIS AGREEMENT. Compensatory Damages Shall mean the amounts awarded to compensate for the actual damages sustained, and not awarded as a penalty, nor fixed in amount by statute. Insolvency Shall mean the legal incapacity of a company to operate as declared by a court of competent jurisdiction. Policy Shall mean the contract(s) of insurance issued by THE COMPANY in respect of which reinsurance is applied for and/or placed in whole or in part. Punitive Damages Shall mean the damages awarded as a penalty, the amount of which is not governed, nor fixed by statute. Reinsurance Cession Shall mean the insurance transferred to OPTIMUM RE by THE COMPANY on a policy. Statutory Penalties Shall mean the amounts which are awarded as a penalty, but fixed in amount by statute.
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DEFINITION OF TERMS USED IN THIS AGREEMENT. “Appurtenance” means: A sidewalk, ditch, or any type of wall, fence, guardrail, curb, pavement marking, traffic control device, illumination device, mailbox or barrier adjacent to or in, along or on a road, or any construction, obstruction, erection or any situation, arrangement or disposition of any earth, rock, tree or other material or thing adjacent to or in, along or on a road that is not on the traveled portion of the road.
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DEFINITION OF TERMS USED IN THIS AGREEMENT. ACCESS CODE means a randomly generated number We use to identify an authorized user of some of Our Online Banking services. ❭ ACCOUNT means a deposit, loan or other account eligible for access through Our Online Banking service. ❭ BUSINESS ACCOUNT means an account that is not established primarily for personal, family or household purposes. ❭ BUSINESS DAY means any calendar day other than Saturday, Sunday or holiday observed by the Bank. ❭ BUSINESS DAY CUT-OFF means the latest Eastern Standard or Eastern Daylight Saving's time atransaction may be completed for same-day posting. Internal Transfers completed by 7:00 p.m. will be processed on the same Business Day. Internal Transfers completed after 7:00 p.m. will be processed on the following Business Day. Cut-off times for External Transfers and ACH transactions are 4:00 p.m. External Transfers and ACH Transactions completed after 4:00 p.m. will be processed on the next Business Day. ❭ COMPANY REPRESENTATIVE means an individual authorized by a business to act on behalf of the business in connection with an Online Banking service or anyone the Bank reason- ably believes, in accordance with Bank's security procedures, is so authorized. ❭ CONSUMER ACCOUNT means an account established primarily for personal, family or house- hold purposes. ❭ INTERNET-ENABLE means to permit Your qualifying Account(s) to be used to obtain information and perform transactions Online over the Internet by use of a personal computer, tablet, mobile phone, or other means we authorize.
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DEFINITION OF TERMS USED IN THIS AGREEMENT. Unless the context shall otherwise require, capitalized terms used and not defined herein shall have the meanings assigned thereto in Appendix A attached hereto for all purposes of this Agreement. The rules of interpretation set forth in Appendix A to this Agreement shall apply to this Agreement and all of the other Loan Documents.
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DEFINITION OF TERMS USED IN THIS AGREEMENT. As used in this Agreement:
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DEFINITION OF TERMS USED IN THIS AGREEMENT. Automatic Reinsurance Shall mean reinsurance which must be ceded by THE COMPANY in accordance with the terms of this Reinsurance Agreement, and must be accepted by INVESTORS HERITAGE. Compensatory Damages Shall mean the amounts awarded to compensate for the actual damages sustained, and not awarded as a penalty, nor fixed in amount by statute.
Sample 1
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Related to DEFINITION OF TERMS USED IN THIS AGREEMENT

  • Defined Terms Used in this Agreement In addition to the terms defined above, the following terms used in this Agreement shall be construed to have the meanings set forth or referenced below.

  • Definition of Terms Used Herein Unless the context otherwise requires, all capitalized terms used but not defined herein shall have the meanings set forth in the Credit Agreement.

  • Definition of Terms The following terms referred to in this Agreement shall have the following meanings:

  • Interpretation and Definition of Terms Any question of interpretation of any term or provision of this Agreement having a counterpart in or otherwise derived from a term or provision of the Act shall be resolved by reference to such term or provision of the Act and to interpretation thereof, if any, by the United States courts, or, in the absence of any controlling decision of any such court, by rules, regulations or orders of the Securities and Exchange Commission validly issued pursuant to the Act. Specifically, the terms "vote of a majority of the outstanding voting securities," "interested persons," "assignment" and "affiliated person," as used in this Agreement shall have the meanings assigned to them by Section 2(a) of the Act. In addition, when the effect of a requirement of the Act reflected in any provision of this Agreement is modified, interpreted or relaxed by a rule, regulation or order of the Securities and Exchange Commission, whether of special or of general application, such provision shall be deemed to incorporate the effect of such rule, regulation or order.

  • Terms Defined Elsewhere in this Agreement For purposes of this Agreement, the following terms have meanings set forth in the sections indicated: Term Section AAA Accounts Receivable 12.5 2.1(i) Agreement Preamble Arbitrator 12.5 Assumed Liabilities 2.3 Belgian Activities 1.1 (in Business definition) Closing 5.1(a) Closing Date 5.1(a) Confidentiality Agreement 12.7 Covenant Survival Period 10.1(b) Decision Disputes Elop 12.5 12.5 6.8(ii) Escrow Agent 10.5 Escrow Agreement 10.5 Escrow Fund 10.5 Exchange Act 1.1 (in Affiliate definition) Excluded Assets 2.2 Excluded Liabilities 2.4 Extraordinary Damages Financial Statements 1.1 (in Damages definition) 6.4(a) Foreign Tax Withholding Certificate 8.11 IAS 6.4(v) Indemnification Claim 10.4(b) IRI Project 6.8(ii) ISA 6.4(iii) MediVision ESE Report 6.4(i) MediVision Product 6.17 MediVision Product Certifications 6.18 MediVision Recommendation 6.2(ii) OCS Funded Technology 6.15(i) Post-Closing Covenants 10.1(b) Pre-Closing Covenants 10.1(b) Pre-Closing Tax Period 11.3(a) Purchased Assets 2.1 Purchased Shares 3.1 Purchased Trade Secrets 6.8(iii) Purchaser Preamble Purchaser Documents 7.2(i) Purchaser Indemnified Parties 10.2(a) Seller Preamble Seller Disclosure Letter 6 Seller Documents 6.2(i) Seller Indemnified Parties 10.3(a) Seller Material Adverse Effect 6.1 Seller Material Agreements 6.9(iii) Software Products 6.8(vi) Subsidiary 6.1 Survival Period 10.1(b) Tax 6.16 Tax Claim 11.4(b) Tax Return 6.16 Termination Date 5.2(a) Total Consideration 4.1 Transaction Documents 7.2(i) Transfer Taxes 11.1 Warranty Survival Period 10.1(a)

  • Terms Defined in this Agreement The following terms when used in this Agreement shall have the following definitions:

  • Definition of the Terms “Business Day”, “Affiliate” and “Subsidiary”. For purposes of this Agreement, (a) “business day” means each Monday, Tuesday, Wednesday, Thursday or Friday that is not a day on which banking institutions in New York are generally authorized or obligated by law or executive order to close, and (b) “affiliate” and “subsidiary” have the meanings set forth in Rule 405 under the Securities Act.

  • Definitions Interpretation and Accounting Terms Section 1.1

  • Amendment of Terms a) In accordance with the School Boards Collective Bargaining Act, the central terms of this agreement, excepting term, may be amended at any time during the life of the agreement upon mutual consent of the central parties and agreement of the Crown.

  • SECTION I - DEFINITIONS As used in this Agreement, the following terms shall have the meanings ascribed herein unless otherwise stated or reasonably required by the Agreement, and other forms of any defined words shall have a meaning parallel thereto.

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