AIGI definition
Examples of AIGI in a sentence
No material claim or assessment is pending or, to the best knowledge of ▇▇▇▇, threatened against AIGI by any state insurance guaranty association in connection with such association's fund relating to insolvent insurers.
Neither AIGI nor, to the best knowledge of ▇▇▇▇, any other party is in breach of or default under any contract to which AIGI is a party or bound except for such breaches and defaults which have not and would not singly or in the aggregate with other such breaches and defaults have a material adverse effect on AIGI.
AIGI has sufficient title to all material properties (real and personal) owned by AIGI or reflected in the Financial Statements which are necessary for the conduct of the business of AIGI as currently conducted, free and clear of any encumbrance that may materially interfere with the conduct of the business of AIGI and, to the best of AGHI's knowledge, all material properties held under lease by AIGI are held under valid, subsisting and enforceable leases.
A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section 2.16 shall be delivered to the Administrative Borrower and shall be conclusive absent manifest error.
The audited statutory financial statements and related schedules and notes for AIGI for the years ended December 31, 1995, 1996 and 1997 were prepared in accordance with statutory accounting principles prescribed or permitted by the applicable insurance acts and fairly present the financial condition, results of operations, cash flows and changes in capital and surplus of AIGI at the dates and for the periods presented.
The audited consolidated financial statements and related schedules and notes for AIGI for the years ended December 31, 1995, 1996 and 1997 were prepared in accordance with GAAP consistently applied throughout the periods involved and fairly present the financial condition, results of operations, cash flows and changes in stockholders' equity of AIGI at the dates and for the periods presented.
The charges, accruals and reserves on the books of AIGI in respect of taxes or other similar governmental charges are adequate under GAAP.
The frequency and severity of such claims reported to AIGI since December 31,1997 are consistent with those reported for comparable periods prior to December 31, 1997.
Except as fully reserved against in the Financial Statements, or specifically disclosed in the footnotes contained in such Financial Statements, AIGI had no liabilities (including tax liabilities), absolute or contingent, that were material, either individually or in the aggregate, to AIGI or that would, singly or in the aggregate, reasonably be expected to have a material adverse effect on AIGI.
AIGI is duly qualified to transact business as a foreign corporation and is in good standing in each jurisdiction in which the conduct of its business or its ownership, leasing or operation of property requires such qualification, other than any failure to be so qualified or in good standing as would not, singly or in the aggregate, reasonably be expected to have a material adverse effect on AIGI.