Lloyd’s. 14.1 In the case of Xxxxx’x Syndicates, the members of each Lloyd’s Syndicate (or, where relevant, the trustees of appropriate trust funds or of collateral) shall be treated as if they were a single Scheme Creditor of each Scheme Company in respect of any Liability referable to that syndicate. The Scheme Administrators shall make any payment under The Australian Scheme to the Managing Agent of the relevant Lloyd’s Syndicate who shall be responsible for ensuring the proper application of the payment. Where the members of a Lloyd’s Syndicate owe money to a Scheme Company, they shall be treated as a single debtor of that Scheme Company in respect of the sum due referable to that Xxxxx’x Syndicate and the Scheme Administrators shall look to the Managing Agent of the Lloyd’s Syndicate for payment. These provisions shall also apply for the purposes of determining rights of set-off and applying the provisions of clause 13.
Lloyd’s of London has a security interest in securities pledged by Argo Underwriting Agency Limited and Argo Re, Ltd. referred to as Funds at Lloyds (“FAL”) to support the business of Syndicate 1200. The FAL securities are deposited with Lloyd’s and held under the terms of the Lloyd’s Deposit (Third Party) Trust Deed. At December 31, 2016 FAL totaled $161.8 million.
Lloyd’s. Lloyd’s of London or members of its syndicate. Loan. A revolving loan by a Tranche B Lender to the Parent pursuant to §2.1.2. A Loan may be a Base Rate Loan or a Eurocurrency Rate Loan. All Loans shall be denominated in Dollars.
Lloyd’s. For the avoidance of doubt, (x) one identified Person may act as the Committed Purchaser with respect to itself, as a Conduit Purchaser and (y) notwithstanding anything to the contrary contained or implied herein, each of Helaba and Lloyds shall not have a related Conduit Purchaser.
Lloyd’s. Prior to the Closing, the Enstar Parties and Trident shall use their respective reasonable best efforts to effect the steps and transactions outlined on Exhibit J attached hereto with respect to the existing funds at Lloyd’s arrangements described on such Exhibit.
Lloyd’s. 4.1 Persons admitted as Members who are Lloyd's Managing Agents may be admitted "in respect of" one or more Lloyd's syndicates. A Lloyd's Managing Agent shall be the Member in its own right, but shall account to each such Lloyd's syndicate for any monetary amount it receives or is required to pay in relation to such managed syndicate's underwriting by reason of its membership of Pool Re. Pool Re:
