ACRA 2 definition
Examples of ACRA 2 in a sentence
Within five (5) Business Days following the receipt by the Ceding Company of any Annuitization Payment (as defined in the ACRA Retail Agreement, the ACRA 2 Retail Agreement or the Catalina Retail Agreement, as applicable), the Ceding Company shall pay to the Reinsurer an amount equal to the applicable Quota Share of such Annuitization Payment.
For the avoidance of doubt, any debits or credits incurred in favor of or against an ACRA 2 Party from one ACRA 2 Silo may not be set off or recouped against any debits or credits incurred in favor of or against an ACRA 2 Party from a different ACRA 2 Silo.
ACRA 2 HoldCo may establish a secure online dataroom on behalf of itself and/or any of the ACRA 2 Investment Entities for the provision of information required under Sections 3.6(a) or 3.6(b) to Shareholders (including information related to the other ACRA 2 Investment Entities), and access to such dataroom (including email notifications of the addition of a document to such dataroom) shall be provided to the person(s) designated by each Shareholder in writing.
Whenever the ACRA 2 Investment Entities make any such reduction of the proceeds payable to a Shareholder pursuant to clause (ii) of the preceding sentence, for all other purposes such Shareholder may be treated as having received all distributions (whether before or upon liquidation) unreduced by the amount of such reduction.
In addition, ALRe and each ACRA 2 Investment Entity hereby consent to service of process out of such courts at the addresses set forth in Section 8.06.
Each New ACRA 2 Investment Entity shall be bound by, and entitled to the benefits of, the provisions of this Agreement immediately upon execution of such Joinder Agreement.
Copies of any documents executed by the Nominee on behalf of any Shareholder and the applicable ACRA 2 Investment Entity pursuant to this Section 3.5(d) shall be provided to such Shareholder and the applicable ACRA 2 Investment Entity, as applicable, in accordance with Section 4.6.
All Permits that are material to the conduct of each ACRA 2 Party’s, that is a part of such ACRA 2 Investment Entity’s ACRA 2 Silo, business will be valid and in full force and effect prior to such ACRA 2 Investment Entity engaging in or transacting such business.
In the event that such provision is required to be set forth in any Organizational Document in order to be enforceable upon the ACRA 2 Investment Entities and/or the Shareholders under Applicable Law, the Shareholders of the applicable ACRA 2 Investment Entity shall take such action as may be necessary to amend such Organizational Document in order reflect the applicable provision of this Agreement.
ACRA 2 HoldCo shall cause each other ACRA 2 Investment Entity to enter into a joinder agreement with the parties hereto which binds such ACRA 2 Investment Entity to the terms, conditions, rights and obligations set forth herein with respect to an ACRA 2 Investment Entity (each such agreement, a “Joinder Agreement”).