Demutualization. Since January 1, 2012, the Company has operated the Closed Block Business in compliance with Phoenix Home Life Mutual Insurance Company’s Plan of Reorganization, as adopted on December 18, 2000, as amended and restated as of January 26, 2001 (together with all exhibits thereto, the “Demutualization Plan” ) except for any failure to so operate which has not had and would not, individually or in the aggregate, reasonably be expected to have, a Material Adverse Effect.
Demutualization. The Guarantor shall promptly notify the Administrative Agent (which shall in turn notify the Banks) of the consummation of the Demutualization with such notice to specify any change in the name of the Guarantor which is incident thereto and the name of the Parent. After consummation of the Demutualization, all references herein and in the Notes and any other instruments or documents executed and delivered pursuant hereto to Phoenix Home Life Mutual Insurance Company shall without further action be deemed references to the new or changed name of the Guarantor.
Demutualization. A certificate, executed by the Secretary or --------------- Assistant Secretary of AI, certifying that the Demutualization (except for the payment of a portion of the net proceeds from the public offering of AI common stock to certain eligible statutory members of AICI, which will occur after the date of this Agreement) has been completed substantially in accordance with the terms of the Plan of Conversion, a copy of which shall be attached to such certificate.
Demutualization. Article VI of the Credit Agreement is hereby amended by adding the following Section 6.14 at the end.
Demutualization. The conversion of Anthem Insurance Companies, Inc. from a mutual insurance company into an insurance company with common shares, effective November 2, 2001, was carried out in compliance in all material respects with all applicable laws and in accordance with Anthem Insurance Companies, Inc.’s Plan of Conversion, except where the failure to so comply or accord, individually or in the aggregate, would not be reasonably expected to have a Material Adverse Effect on Purchaser.
Demutualization. The conversion of Xxxx Xxxxxxx Mutual Life Insurance Company from a mutual life insurance company into a stock life insurance company was carried out in compliance in all material respects with all applicable Laws, and in accordance with Xxxx Xxxxxxx Mutual Life Insurance Company's Plan of Reorganization dated as of August 31, 1999, a copy of which has been filed prior to the date hereof as an exhibit to a filing made with the SEC, except where the failure to so comply or accord, individually or in the aggregate, would not be reasonably expected to have a Material Adverse Effect on the Company.
Demutualization. The conversion of The Manufacturers Life Insurance Company from a mutual life insurance company into a life insurance company with common shares was carried out in compliance in all material respects with all applicable Laws and in accordance with The Manufacturers Life Insurance Company's Plan of Demutualization, effective September 23, 1999, except where the failure to so comply or accord, individually or in the aggregate, would not be reasonably expected to have a Material Adverse Effect on Parent.
Demutualization. The Company shall promptly notify the Administrative Agent (which shall in turn notify the Banks) of the consummation of the Demutualization with such notice to specify any change in the name of the Company which is incident thereto and the name of the Parent. After consummation of the Demutualization, all references herein and in the Notes and any other instruments or documents executed and delivered pursuant hereto to Phoenix Home Life Mutual Insurance Company shall without further action be deemed references to the new or changed name of the Company."
