P&l Sample Clauses

P&l any Borrower or the Manager or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which a Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where such Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or
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P&l. A can be specified by: (1) a set of local pro- cess states, (2) a function init(i, v) that encodes the initial state of process pi when pi has input value v, (3) a function M (s, r) that determines the message to send in state s in round r, (4) a transition function δ(s, r, R) that determines the new state to which the process moves from state s after receiving a set of messages R in round r, and (5) a decision function decide(s) which is the decision in state s, or ⊥ if there is no decision yet (once a correct process has decided ′ in a state s, decide(s ) remains equal to this decision in all ′ states s reachable from s). Let G(i) be the set of processes with identifier i. We name such a set a group. We say that the group G(i) is correct if all processes in G(i) are correct. At most t of the ℓ groups are not correct. In our new algorithm T (A), shown in Figure 3, three rounds simulate one round of A. We call these three rounds a phase. Each phase consists of a selection round, a deciding round and a running round. In the selection round (line 3 to 5) of a phase r, the processes within each group agree on a state for phase r. For each i, if G(i) is correct, then in each round the selected state will be the same for the processes in this group. In deciding rounds (line 6 to 9), if there is a value decided by t + 1 processes with different identifiers where str is the value of pi’s variable s at the beginning of round r in αS . In αS , pi is correct for all identifiers i such that G(i) is correct in αH . We sketch the key idea of the inductive step that proves this claim. In each running round, messages sent by the processes in a correct group G(i) are identical and indistinguishable from a single message from a unique correct process with identifier i. On the other hand, if G(i) is not correct, the processes in G(i) may send different messages to a process p (in which case p ignores the messages at line 14) or they may all send the same (arbitrary) message to p. Either way, their collective behaviour is indistinguishable from a unique Byzantine process with identifier i (which could either send nothing or an arbitrary message to p). As A is a synchronous Byzantine agreement algorithm that tolerates t Byzantine failures, all correct processes eventually decide some value v in αS . It follows from the claim above that in αH , eventually for all correct groups G(i), sr is a state where decide(sr) is v. As ℓ > 3t, at least t + 1 groups G(i) are correct and all...
P&l. Within thirty days after the close of each fiscal month of the Consolidated Parties, consolidated and consolidating (by Operating Region) profit and loss statements and, with respect to the statements delivered following the end of each fiscal quarter of the Consolidated Parties only, comparing actual results for the fiscal quarter then ended to the quarterly results set forth in the September 2002 Projections.
P&l any Collateral Guarantor or the Manager or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which a Collateral Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where such Collateral Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

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  • Bank Holding Company Act Neither the Company nor any of its Subsidiaries or Affiliates is subject to the Bank Holding Company Act of 1956, as amended (the “BHCA”) and to regulation by the Board of Governors of the Federal Reserve System (the “Federal Reserve”). Neither the Company nor any of its Subsidiaries or Affiliates owns or controls, directly or indirectly, five percent (5%) or more of the outstanding shares of any class of voting securities or twenty-five percent or more of the total equity of a bank or any entity that is subject to the BHCA and to regulation by the Federal Reserve. Neither the Company nor any of its Subsidiaries or Affiliates exercises a controlling influence over the management or policies of a bank or any entity that is subject to the BHCA and to regulation by the Federal Reserve.

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