AMIC definition
Examples of AMIC in a sentence
Standard Security Life Insurance Company of New York, a New York corporation (“SSL”), IHC, as guarantor, and Employee entered into an Officer Employment Agreement, dated as of April 18, 2011 (the “Officer Employment Agreement”), which SSL subsequently assigned its obligations to AMIC pursuant to the Assignment and Assumption with Novation and Amendment of Officer Employment Agreement dated January 1, 2017 by and among SSL, AMIC and Employee.
AMIC acknowledges that the law firm of SML LLP has represented SMI in the preparation and negotiation of this MOA.
Each of IHC, AMIC and IAHC also may assign this Agreement without Employee’s consent to any successor to its business that agrees in writing to be bound by this Agreement, after which assignment any reference to “IHC,” “AMIC,” or “IAHC,” as applicable, in this Agreement shall be deemed to be a reference to such successor, and IHC, AMIC or IAHC, as applicable, thereafter shall have no further primary, secondary or other responsibilities, obligations or liabilities under this Agreement of any kind.
At the option of the Grantee only and if AMIC so decides to accept, all issues of shares may be converted to cash.
The parties have entered into a Memorandum of Agreement providing that the Grantee shall acquire the option to earn a 60% interest in AMIC Capcapo mining tenement located in the Municipality of Baay-Licuaan, Province of Abra, Philippines, and that the parties shall form a joint venture company ("NEWCO") to fund or finance and manage future exploration, development and production on the Property only.
AMIC and JABEL shall execute all documents and obtain all approvals from the government or third parties that would be necessary or useful to create this security interest.
The parties agree that the Officer Employment Agreement shall terminate effective upon Employee's employment with Iguana Capital and/or its affiliates and that Employee's termination of employment with AMIC shall be treated as a “Disqualifying Termination” under the Officer Employment Agreement; provided that nothing in this Agreement shall supersede or cancel Employee's covenants under Section 4 of the Officer Employment Agreement.
Each of IHC, AMIC and IAHC may assign this Agreement to a parent, subsidiary, or affiliated company.
AMIC waives any objection based upon conflict of interest, or otherwise, as to the foregoing engagements, activities and financial arrangements.
AMIC further understands that SML LLP does not represent AMIC in connection with the negotiation of this MOA but will represent AMIC in the future on other matters and AMIC consents thereto.