Common use of Violation of Insurance Laws Clause in Contracts

Violation of Insurance Laws. Such Borrower (in the case of Nationwide Mutual and Nationwide Life) or any Material Insurance Subsidiary of such Borrower shall be the subject of a final non-appealable order imposing a fine in an amount in excess of $2,000,000 in any single instance or other such orders imposing fines in excess of $5,000,000 in the aggregate after the Closing Date by or at the request of any state insurance regulatory agency as a result of the violation by such Borrower or such Material Insurance Subsidiary of such state’s applicable insurance laws or the regulations promulgated in connection therewith.

Violation of Insurance Laws. Such Borrower (in the case of Nationwide Mutual and Nationwide Life) or any Material Insurance Subsidiary of such Borrower shall be the subject of a final non-appealable order imposing a fine in an amount in excess of $2,000,000 in any single instance or other such orders imposing fines in excess of $5,000,000 in the aggregate after the Closing Date by or at the request of any state insurance regulatory agency as a result of the violation by such Borrower or such Material Insurance Subsidiary of such state’s 's applicable insurance laws or the regulations promulgated in connection therewith.

Violation of Insurance Laws. Such Borrower (in the case of Nationwide Mutual and Nationwide Life) or any Material Insurance Subsidiary of such Borrower shall be the subject of a final non-appealable order imposing a fine in an amount in excess of $2,000,000 in any single instance or other such orders imposing fines in excess of $5,000,000 in the aggregate after the Closing Date by or at the request of any state insurance regulatory agency as a result of the -48- 55 violation by such Borrower or such Material Insurance Subsidiary of such state’s 's applicable insurance laws or the regulations promulgated in connection therewith.

Violation of Insurance Laws. Such Borrower (in the case of Nationwide Mutual and Nationwide Life) or any Material Insurance Subsidiary of such Borrower shall be the subject of a final non-appealable order imposing a fine in an amount in excess of $2,000,000 5,000,000 in any single instance or other such orders imposing fines in excess of $5,000,000 10,000,000 in the aggregate after the Closing Date by or at the request of any state insurance regulatory agency as a result of the violation by such Borrower or such Material Insurance Subsidiary of such state’s applicable insurance laws or the regulations promulgated in connection therewith.

Violation of Insurance Laws. Such Borrower (in the case of Nationwide Mutual and Nationwide Life) or any Material Insurance Subsidiary of such Borrower shall be the subject of a final non-appealable order imposing a fine in an amount in excess of $2,000,000 5,000,000 in any single instance or other such orders imposing fines in excess of $5,000,000 10,000,000 in the aggregate after the Closing Date May 13, 2005 by or at the request of any state insurance regulatory agency as a result of the violation by such Borrower or such Material Insurance Subsidiary of such state’s applicable insurance laws or the regulations promulgated in connection therewith.