Agreement Effective Date definition
Examples of Agreement Effective Date in a sentence
Section 3.01 Effective as of the Agreement Effective Date, the Company obligates itself to cede to the Reinsurer, and the Reinsurer obligates itself to accept, 100% of (a) the Company’s gross liability with respect to Losses and Loss Expenses for which the date of loss is on or after the Agreement Effective Date under all Policies in respect of the Section A Subject Business and (b) the Company’s gross liability under all Policies in respect of the Section B Subject Business.
The Fronting Fees accrued through and including the last day of March, June, September and December of each year shall be payable on the fifteenth day following such last day, commencing on the first such date to occur after the Restatement Agreement Effective Date, and on the Revolving Credit Termination Date.
As of the date of any Credit Event on and after the Restatement Agreement Effective Date, no Default has occurred and is continuing.
Section 17.01 The Reinsurer will, within 60 days following the Agreement Effective Date, provide the Company with security in the form of a letter of credit, trust agreement or a combination thereof as permitted pursuant to the terms and conditions of this Agreement, acceptable to the Company (as evidenced in writing from the Company), which complies with applicable Laws, and will be in an amount at least equal to the Required Collateral.
On the Restatement Agreement Effective Date after giving pro forma effect to the Transactions, the Loan Parties and their Subsidiaries on a consolidated basis are Solvent.