AEILIC definition
Examples of AEILIC in a sentence
All of the Surplus Notes of AEILIC are duly authorized and validly issued, and pledged to the Agent pursuant to the terms of the Borrower Pledge Agreement.
All of the shares of capital stock of AEILIC are duly authorized and validly issued, fully paid and non-assessable, and pledged to the Agent pursuant to the terms of the Borrower Pledge Agreement.
There is no order of preference or priority among the Surplus Notes (i.e., no Surplus Note is paid on a higher priority than any other Surplus Note) under any instrument or agreement related thereto or under applicable law respecting insolvency or liquidation of AEILIC.
Each of AEILIC and American Equity Investment Life Insurance Company of New York, a New York stock life insurance company ("AEILIC New York," and together with AEILIC, the "Insurance Subsidiaries"), has been duly incorporated and is validly existing as a stock life insurance company in good standing under the laws of the jurisdiction of its incorporation.
Not later than five (5) business days following the date of this Agreement, AEILIC shall file this Agreement with the Iowa Department of Insurance to obtain approval under Section 521A.5 of the Iowa Insurance Code and the rules and regulations promulgated thereunder.
As of the end of any fiscal quarter or fiscal year, permit the Risk-Based Capital of AEILIC to fall below 200%.
The relative fault of the Company and AEILIC on the one hand and the Underwriters on the other hand shall be determined by reference to, among other things, whether any such untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by the Company and AEILIC or by the Underwriters and the parties' relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission.
Nothing expressed or mentioned in this Agreement is intended or shall be construed to give any person, firm or corporation, other than the Underwriters, the Company and AEILIC and their respective successors and the controlling persons and officers and directors referred to in Sections 6 and 7 and their heirs and legal representatives, any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision herein contained.
The Pledgor further agrees to cause AEILIC to enter into and perform its obligations under one or more underwriting agreements in connection therewith, containing customary representations, warranties, covenants and indemnities and contribution provisions if requested by the Agent.
The Company, AEILIC and the Underwriters agree that it would not be just and equitable if contribution pursuant to this Section 7 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to above in this Section 7.