Examples of Assumption Certificate in a sentence
GABC shall issue an Assumption Certificate to the Contractowners in accordance with Section 4.6 of the Restructuring Plan in substantially the form of Exhibit C within 120 days after the Closing Date to evidence GABC’s assumption of the GABC Obligations.
As promptly as possible after the receipt of any Required Assumption Approvals, the Reinsurer shall issue to each of the Policyholders of the Assumed Policies an Assumption Certificate, and provide satisfactory evidence thereof to the Company.
The Company has a reinsurance agreement with its parent company, Stewart Title Guaranty Company, whereby all transactions from dollar one are reinsured by way of an Assumption Certificate Endorsement.
The approvals of or notice filings with any Governmental Authorities that are required by applicable Law in connection with the reinsurance of the Coinsured Contracts on an assumption reinsurance basis and the Novation of the Coinsured Contracts, in each case, by the Reinsurer pursuant to this Agreement, including the approval of the Assumption Certificate and Notice of Transfer to be issued by the Reinsurer to the Policyholders of any Assumed Policies.
However, nothing contained in this Assumption Certificate will vary, alter, waive or extend any of the terms, conditions, agreements or limitations of your Policy(ies).
Approval will be required for the Assumption Reinsurance Agreement, Assumption Certificate and Notice of Transfer and related documents in various states in order for MAC to assume and novate the Coinsured Contracts.
The Assumption Certificate shall be effective on the applicable Assumption Effective Date, and shall be mailed to each Policyholder's last known address of record furnished to the Reinsurer by the Company.
The Agent shall, as soon as reasonably practicable after it has executed an Assignment and Assumption Certificate, send to the Borrower a copy of that Assignment and Assumption Certificate.
Upon receiving a request for assumption, City staff will provide the Owner with an assumption requirements letter that summarizes the conditions that must be fulfilled prior to the issuance of the Assumption Certificate with clear links to the associated clauses of the Subdivision Agreement.
The approvals of, or pre-closing notice filings with, any insurance regulatory authorities that may be required in connection with the reinsurance of any of the Policies by the Reinsurer on an assumption reinsurance basis, including the approval of the Assumption Certificate to be issued by the Reinsurer to the Policyholders of any Assumed Policy.