Captives definition

Captives means a finance company either owned or designated by an automobile manufacturer or automobile distributor to whom such automobile manufacturer or automobile distributor provides subvention dollars in order for such finance company to provided subvention financing to such automobile manufacturer's or automobile distributor's franchised DealerTrack Dealers solely for such automobile manufacturer's or automobile distributor's vehicles.
View Source
Captives means SAFE Trucking Insurance, Ltd., Versatile Insurance Group, Inc., and Security Insurance Group, Inc.
View Source
Captives means any captive reinsurance company established by the Reinsurer to enter into a Redundant Reserve Financing Transaction.
View Source

Examples of Captives in a sentence

  • Captives who are not rated by A.M. Best shall provide evidence of equivalent solvency that is acceptable to the PORT.

  • In no case shall the Company be required to pay premiums, pay assessments, or provide additional funding or capital to the Captives following the Closing.

  • Our particular strength lies in the design, structure and placement of marine cargo insurance programmes, including delivering effective solutions for Captives whilst minimising open market premium.

  • This Exclusion shall not apply to "Pure" Fronting Agreements and Reinsurance of Captives.

  • After the time period has passed for making claims, any distribution of assets of the Captives or refunds received from the Captives, including any interest actually received with respect thereto, relating to the Company, shall be the property of the Owners, and if received by Purchaser or the Company, shall be paid over promptly, without any setoff or deduction of any kind, to the Owners.

  • All insurance policy forms on which the Core Company Captives have issued insurance policies and which are currently being used by such Core Company Captives or were used by such Core Company Captives for business which is still in force, and all amendments, applications, illustrations and certificates of insurance pertaining thereto, comply in all material respects with, and have been administered in all material respects in accordance with, applicable Laws.

  • Listed were some fundamental rights of citizens including trial by to, attend are what their say, these made them Captives.

  • Nothing contained in this Section 18(b) shall be construed to prevent Captives, which may or may not be Stockholder Lenders, from being granted special treatment by DealerTrack with respect to credit applications originated at their affiliated DealerTrack Dealers, if requested by an automobile manufacturer or automobile distributor in connection with the sale of its automobiles by and at the location of its franchised DealerTrack Dealers.

  • The Origins of Captives Leaving Southern Sierra Leone in the 19th Century 67 Chapter 3.

  • Purchaser and the Owners shall use their respective commercially reasonable efforts to cause Company to comply with the reasonable requirements imposed by the Captives on the Company in connection with such termination so as to mitigate any liability which might otherwise be imposed upon the Company in connection with such termination.

Related to Captives

  • Captive insurance company means any pure captive insurance

  • Captive generating plant means a power plant set up by any person to generate electricity primarily for his own use and includes a power plant set up by any co-operative society or association of persons for generating electricity primarily for use of members of such cooperative society or association;

  • Sponsored captive insurance company means a captive insurance company:

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

  • Companies means Borrower and its Subsidiaries; and “Company” shall mean any one of them.