Ownership Limits. (i) The directors of the Company have not failed to decline to register a transfer of shares that the directors knew, or had reason to know, would result in a violation of the Ownership Limits (as defined in Bye-Law 64(8)). (ii) To the knowledge of the Company, (a) none of the Ownership Limits (as defined in Bye-Law 64(8)) have been violated and (b) the Company is not, and has not ever been, a “controlled foreign corporation” (as defined in Section 957 of the U.S. Internal Revenue Code of 1986, as amended).
Appears in 2 contracts
Sources: Repurchase Agreement (Allied World Assurance Co Holdings, AG), Repurchase Agreement (Allied World Assurance Co Holdings LTD)