Disintermediation Sample Clauses

Disintermediation. The risk of disintermediation, which is the risk that interest rates may rise and policy loans and surrenders increase or maturing contracts do not renew at anticipated rates or renewal. If asset durations are greater than liability durations, the mismatch will increase. Policyholders will move their funds into new products offering higher rates. The company may have to sell assets at a loss to provide for these withdrawals. SIGNIFICANCE OF RISK: Risk Categories A B C D E F Health insurance, other than long-term care or long term disability + o + o o o Health insurance, including long-term care or long-term disability + o + + + o Immediate annuities o + o + + o Single premium deferred annuities o o + + + + Flexible premium deferred annuities o o o + + + Guaranteed interest contracts o o o + + + Other annuity deposit business o o + + + + Single premium whole life o + + + + + Traditional non-participating permanent o + + + + + Traditional non-participating term o + + o o o Traditional participating permanent o + + + + + Traditional participating term o + + o o o Adjustable premium permanent o + + + + + Indeterminate premium permanent o + + + + + Universal life flexible premium o + + + + + Universal life fixed premium with dump-in premiums allowed o + + + + + + - significant o - insignificant DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS Adoption of Chapter 16-20 Hawaii Administrative Rules December 20, 1993 SUMMARY Chapter 16-20, Hawaii Administrative Rules, entitled "Life and Health Reinsurance Agreements" is adopted. Effective 3/19/94 DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS The adoption of Chapter 16-20, Hawaii Administrative Rules, on the Summary page dated December 20, 1993, was adopted on December 20, 1993, following a public hearing held on December 20, 1993, after notices were given in the Honolulu Star-Bulletin, Honolulu Advertiser, Hawaii Tribune-Herald, West Hawaii Today, Maui News and Garden Isle on November 16, 1993. These rules shall take effect ten days after filing with the Office of the Lieutenant Governor. /s/ Xxxxx Xxx Xxxxxxxx XXXXX XXX XXXXXXXX Insurance Commissioner APPROVED AS TO FORM: Date 2/28/94 /s/ Xxxxxx X. Xxx Deputy Attorney General APPROVED: Date 3/3/94 /s/ Xxxxxxxx X. Xxxx XXXXXXXX X. XXXX, Director Commerce and Consumer Affairs APPROVED: Date 3/8/94 /s/ Xxxx Xxxxxx XXXX X. XXXXXX GOVERNOR OF HAWAII March 9, 1994 Filed
Sample 1
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Disintermediation. Client shall make all payments relating to, or in any way connected with, a Service Contract (including, without limitation, bonuses) through the oDesk Platform. Any action that encourages or solicits complete or partial payment outside of the oDesk Platform is a violation of this Agreement. Should a Client or Freelancer (including an Agency) be found in violation of this section of this Agreement, it will owe oDesk an amount with respect to each Service Contract equal to the greater of a) $2,500; or b) the applicable fees had the payments been processed through the oDesk Platform, plus 18%.
Sample 1
Disintermediation. It is estimated that at least forty percent (40%) of the funds used to purchase Products will come from outside funds. "
Sample 1
Disintermediation. Contractor agrees that they will not disintermediate the relationship they have with Recipient's Client and that all fees, expenses, payment of Contractor will be processed by LawTrades Inc. Any disintermediation with respect to payments, salary or independent contractor expenses constitute a material breach of this agreement.
Sample 1
Disintermediation. Except pursuant to the Buyout Policy below, Employer shall (i) make all payments relating to, or in any way connected with, a Contract (including, without limitation, bonuses) through the payment channels provided or specified by oDesk, and (ii) not make any such payments directly to a Contractor or through any other payment channels. Any action that encourages or solicits complete or partial payment outside of the oDesk system is a violation of this Agreement. Should an Employer be found in violation of this section of this Agreement, it will owe oDesk fees equal to the greater of a) $2,500; or b) the applicable fees had the payments been processed through the oDesk system plus 18%. Employer shall immediately notify oDesk if a Contractor requests that Employer make a payment directly to it or through any channels other than those provided or specified by oDesk. Contractor shall not accept any payments relating to a Contract (including, without limitation, bonuses) from an Employer directly or through any payment channels other than those provided or specified by oDesk. Contractor shall immediately notify oDesk if an Employer or any of its agents attempt to make a payment to Contractor directly or through any payment channels other than those provided or specified by oDesk.
Sample 1

Related to Disintermediation

  • Disinterested Directors AVIF agrees that its Board of Directors shall at all times consist of directors a majority of whom (the "Disinterested Directors") are not interested persons of AVIF within the meaning of Section 2(a)(19) of the 1940 Act and the rules thereunder and as modified by any applicable orders of the SEC, except that if this condition is not met by reason of the death, disqualification, or bona fide resignation of any director, then the operation of this condition shall be suspended (a) for a period of forty-five (45) days if the vacancy or vacancies may be filled by the Board;(b) for a period of sixty (60) days if a vote of shareholders is required to fill the vacancy or vacancies; or (c) for such longer period as the SEC may prescribe by order upon application.

  • Composition of the Board of Directors Promptly upon the Share Purchase, Sub shall be entitled to designate such number of directors on the Board of Directors of the Corporation, rounded up to the next whole number, as will give Sub, subject to compliance with Section 14(f) of the Exchange Act, representation on such Board of Directors equal to at least that number of directors which equals the product of the total number of directors on the Board of Directors (giving effect to the directors elected pursuant to this sentence) multiplied by a fraction, the numerator of which shall be the number of shares of Common Stock so accepted for payment and paid for or otherwise acquired or owned by Sub or Parent and the denominator of which shall be the number of shares of Common Stock then outstanding, and the Corporation and its Board of Directors shall, at such time, take any and all such action needed to cause Sub's designees to be appointed to the Corporation's Board of Directors (including to cause directors to resign). Promptly upon the Share Purchase, Corporation and its Board of Directors shall take such further action as may be requested by Sub to cause Sub's designees to constitute at least a majority of the Board of Directors of each direct or indirect Subsidiary of the Corporation (other than Allied Bond & Collection Agency, Inc.). Subject to applicable law, the Corporation shall take all action requested by Parent which is reasonably necessary to effect any such election, including mailing to its shareholders an Information Statement containing the information required by Section 14(f) of the Exchange Act and Rule 14f-1 promulgated thereunder, and the Corporation agrees to make such mailing with the mailing of the Schedule 14D-9 so long as Sub shall have provided to the Corporation on a timely basis all information required to be included in such Information Statement with respect to Sub's designees. In furtherance thereof, the Corporation will increase the size of the Corporation's Board of Directors, or use its reasonable efforts to secure the resignation of directors, or both, as is necessary to permit Sub's designees to be elected to the Corporation's Board of Directors. Upon the Share Purchase (as defined in Section 1.1 hereof) all directors of the Corporation, other than Sub's designees and two directors of Corporation, and, unless otherwise agreed, all officers of the Corporation shall resign.

  • Management by Board of Directors (a) The management of the Company is fully reserved to the Members, and the Company shall not have “managers” as that term is used in the Act. The powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Members, who, except as expressly provided otherwise in this Agreement, shall make all decisions and take all actions for the Company.

  • Actions by the Board of Directors (a) Unless provided otherwise in this Agreement, the Board shall act only: (i) by the affirmative vote of a majority of the Directors (including the vote of a majority of the Independent Directors, if required by the 0000 Xxx) present at a meeting duly called at which a quorum of the Directors shall be present (in person or, if in person attendance is not required by the 1940 Act, by telephone) or (ii) by unanimous written consent of all of the Directors without a meeting, if permissible under the 1940 Act.

  • Composition of Board of Directors (1) Subject to paragraph (2) of this article and paragraph (1) of article 14 the Board shall consist of seven directors as follows—

  • Parent Board of Directors The Board of Directors of Parent will take all actions necessary such that two members of Company's Board of Directors reasonably acceptable to Parent, at least one of whom is an independent director of the Company's Board of Directors, shall be appointed to Parent's Board of Directors as of the Effective Time with a term expiring at the next annual meeting of Parent's stockholders.

  • Voting Provisions Regarding Board of Directors 1.1 For purposes of this Agreement, the term “

  • Independent Directors Those Directors who are not “interested persons” of the Company as such term is defined in the 1940 Act.

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