Captive Insurance Subsidiaries definition

Captive Insurance Subsidiaries means, collectively or individually as of any date of determination, those regulated Subsidiaries of the Borrower primarily engaged in the business of providing insurance and insurance-related services to the Borrower, its other Subsidiaries and certain other Persons.
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Captive Insurance Subsidiaries means Celwood Insurance Company and Xxxxxx Insurance Limited, and any successor to either thereof to the extent such successor constitutes a Subsidiary.
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Captive Insurance Subsidiaries means Social Services Providers, Captive Insurance Co., an Arizona corporation, Provado Insurance Services, Inc., a South Carolina corporation and any other regulated Subsidiary of the Borrower primarily engaged in the business of providing insurance and insurance-related services to the Borrower, its other Subsidiaries and certain other Persons.
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Examples of Captive Insurance Subsidiaries in a sentence

  • The Captive Insurance Subsidiaries shall not provide insurance or reinsurance coverage for any Person other than the Borrower, the other Loan Parties, Affiliates of Borrower, the other Excluded Subsidiaries, transportation providers or Managed Entities, without the prior written consent of the Administrative Agent.

  • Each of the Captive Insurance Subsidiaries has been adequately capitalized by the Borrower and its Subsidiaries in compliance with applicable Law.

  • The sole business activity of the Captive Insurance Subsidiaries is providing insurance coverage for the Borrower, its Affiliates, the other Excluded Subsidiaries, the Managed Entities and transportation providers.

  • Except for the Borrower’s Captive Insurance Subsidiaries, none of such insurance companies is an Affiliate of the Borrower.

  • The Borrower has not guaranteed or otherwise agreed to pay or be responsible for any Indebtedness or obligations of the Captive Insurance Subsidiaries of any kind or nature which would not be permitted hereunder.

  • The Borrower owns (directly or indirectly) 100% of the issued and outstanding Equity Interests of each of the Captive Insurance Subsidiaries.

  • Notwithstanding the foregoing, Holdings and the Restricted Subsidiaries may self-insure with Captive Insurance Subsidiaries or other means, in each case to the extent deemed commercially reasonable in the good faith judgment of the management of Holdings.

  • Maintain with financially sound and reputable insurance companies not Affiliates of the Company (other than Eligible Captive Insurance Subsidiaries), insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons.

  • The Borrower has not guaranteed or otherwise agreed to pay or be responsible for any Indebtedness or obligations of the Captive Insurance Subsidiaries of any kind or nature which would not be permitted under the terms of this Agreement or arises under a Letter of Credit.

  • Captive Insurance Subsidiaries of MREITs Can Further the FHLB Housing Mission Members of the MREIT Council believe that the admission of captive insurance subsidiaries of real estate businesses that are aligned with the mission of the FHLBs will continue to strengthen the FHLB system and thereby expand housing finance credit.


More Definitions of Captive Insurance Subsidiaries

Captive Insurance Subsidiaries means Celwood Insurance Company and Xxxxxx Insurance Limited, and any successor to either of them, in each case to the extent such Person constitutes a Subsidiary.
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Captive Insurance Subsidiaries means, collectively or individually, as of any date of determination, those regulated Subsidiaries of the Borrower primarily engaged in the business of providing insurance and insurance-related services to the Borrower and its other Subsidiaries.
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Captive Insurance Subsidiaries means, collectively or individually as of any date of determination, those regulated Subsidiaries of Parent primarily engaged in the business of providing insurance and insurance-related services to Parent, its other Subsidiaries and certain other Persons.
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Captive Insurance Subsidiaries means Celwood Insurance Company and Elwood Insurance Limited, and any successor to either thereof to the exxxxx xuch successor constitutes a Subsidiary.
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Captive Insurance Subsidiaries means, collectively or individually as of any date of determination, those regulated Subsidiaries of Parent primarily engaged in the business of providing insurance and insurance-related services to Parent, its other Subsidiaries and certain other Persons. “Cash Dominion Period” shall mean each period (following the Closing Date) commencing on the date when any Cash Dominion Trigger shall occur and continuing thereafter until and through the applicable Cash Dominion Suspension Date. “Cash Dominion Trigger” shall mean any of the following: (x) the occurrence on any day of any Event of Default, or (z) at the close of business on any applicable Business Day, Borrowers shall have had Undrawn Availability in an amount less than the amount that is fifteen percent (15%) of Maximum Revolving Advance Amount at the close of business on five (5) consecutive Business Days. “Cash Dominion Suspension Date” shall mean, as to any Cash Dominion Period, the first day following the date of the occurrence of any Cash Dominion Trigger on which all of the following conditions (the “Cash Dominion Suspension Conditions”) have been satisfied: (x) no Event of Default shall have occurred and be outstanding, and (y) at the close of business on any applicable Business Day, Borrowers shall have had Undrawn Availability in an amount equal to or greater than the amount that is fifteen percent (15%) of Maximum Revolving Advance Amount at the close of business on 30 consecutive days; provided that, no more than two (2) Cash Dominion Suspension Dates terminating associated Cash Dominion Periods may occur during any rolling period of 12 consecutive months (and, for the avoidance of doubt, in the event that any Cash Dominion Suspension Date is prevented from occurring when it otherwise would occur under this definition solely due to the foregoing provisions of this proviso, then such Cash Dominion Suspension Date shall be deferred to and shall occur on the next date thereafter when all the Cash Dominion Suspension Conditions under this definition have been satisfied and the occurrence of such Cash Dominion Suspension Date would not violate the provisions of this proviso). “Cash Equivalents” shall mean (a) marketable direct obligations or securities issued by, or fully guaranteed by, the United States or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within one year from the date of acquisition thereof, (b) marketable direct obl...
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Related to Captive Insurance Subsidiaries

  • Captive Insurance Subsidiary means any Subsidiary of the Company that is subject to regulation as an insurance company (or any Subsidiary thereof).

  • Insurance Subsidiaries means, collectively, MGMM Insurance Company, a Nevada corporation and any Subsidiaries formed for the purpose of facilitating and providing insurance coverage and claims services for the Company and its Subsidiaries.

  • Insurance Subsidiary means any Subsidiary that is licensed by any Applicable Insurance Regulatory Authority to conduct, and conducts, an Insurance Business.

  • Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.

  • Sponsored captive insurance company means a captive insurance company:

  • Pure captive insurance company means a company that

  • Consolidated Entities means any Person (other than an Investment Entity) in which the Borrower owns any Capital Stock, the accounts of which Person are consolidated with those of the Borrower in accordance with GAAP.

  • Consolidated Restricted Subsidiaries means any Restricted Subsidiaries that are Consolidated Subsidiaries.

  • Material Insurance Subsidiary means any Insurance Subsidiary that is a Material Subsidiary.

  • Consolidated Companies means, collectively, Borrower and all of its Subsidiaries.

  • Unconsolidated Affiliates means an Affiliate of the Parent Entity or any other member of the Consolidated Group whose financial statements are not required to be consolidated with the financial statements of the Parent Entity in accordance with GAAP.

  • Consolidated Parties means a collective reference to the Borrower and its Subsidiaries, and "Consolidated Party" means any one of them.

  • Subsidiaries means any corporation or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly, any equity or other ownership interest.

  • Project Finance Subsidiary means a Subsidiary that is a special-purpose entity created solely to (i) construct or acquire any asset or project that will be or is financed solely with Project Financing for such asset or project and related equity investments in, loans to, or capital contributions in, such Subsidiary that are not prohibited hereby and/or (ii) own an interest in any such asset or project.

  • Internationally active insurance group means an insurance holding company system that:

  • Consolidated Subsidiaries means each Subsidiary of the Borrower (whether now existing or hereafter created or acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of the Borrower in accordance with GAAP.

  • Consolidated Group means the Borrower and all Subsidiaries which are consolidated with it for financial reporting purposes under GAAP.

  • Insurance group means the persons that comprise an insurance holding company system.

  • Joint Ventures means the joint venture or partnership or other similar arrangements (other than between the Company and the Operating Partnership) in which the Company or the Operating Partnership or any of their subsidiaries is a co-venturer, limited liability company member, limited partner or general partner, which are established to acquire or hold Investments.

  • Consolidated Entity means at any date any Subsidiary, and any other entity the accounts of which would be combined or consolidated with those of the Borrower in its combined or consolidated financial statements if such statements were prepared as of such date.

  • Association captive insurance company means a company that insures risks of the member organizations of the association and their affiliated companies.

  • Industrial insured captive insurance company means a company that insures risks of the industrial insureds that comprise the industrial insured group and their affiliated companies.

  • Consolidated Businesses means the General Partner, the Borrower and their wholly-owned Subsidiaries.

  • Wholly-Owned Consolidated Subsidiary means any Consolidated Subsidiary all of the shares of capital stock or other ownership interests of which (except directors' qualifying shares) are at the time directly or indirectly owned by the Borrower.

  • Consolidated Party means any one of them.

  • Operating Subsidiaries means, collectively, the Corporation and HST, each a wholly-owned subsidiary of the Trust, and "Operating Subsidiary" means either of the Corporation or HST, as applicable.