CIBL definition
Examples of CIBL in a sentence
Should CIBL be unable to meet its liabilities because of its financial circumstances, your client may be entitled to compensation from the Financial Services Compensation Scheme.
CIBL periodically reviews the financial strength of insurers with whom it deals.
As the sole and total consideration of the issuance to it of the Shares CIBL will transfer (or cause its affiliate to transfer) to the Company all and sole right, title and interest in and to the Assets in accordance with the Sale Contract (which will be entered into by the Holding Company and CIBL within 120 days of the formation of the Holding Company and the Company).
Notwithstanding that CIBL employs anti-virus software, you will be responsible for virus checking all electronic communications sent to you.
If you have a complaint you should report it to CIBL Compliance Officer (contact details are shown at the end of this document).
Each Lender expressly acknowledges that neither any Agent, nor any of its officers, directors, employees, agents, attorneys-in-fact or affiliates (including ABS, CSI and CIBL) has made any representations or warranties to it and that no act by any Agent hereafter taken, including any review of the affairs of any Credit Party, shall be deemed to constitute any representation or warranty by any such person to any Lender.
All data, recommendations, proposals, reports and other information provided by CIBL in connection with your and/or your client’s insurance needs are for your sole use.
CIBL does not accept additional commission payments from insurers based upon the aggregate premium volume placed with them, the insurer’s renewal retention rate, or any other similar contingency (such arrangements being commonly known as “placement services agreements”, “market services agreements “ and the like.
If any indemnity furnished to any Agent, ABS, CSI or CIBL for any purpose shall, in the opinion of the applicable Agent, be insufficient or become impaired, the applicable Agent may call for additional indemnity and cease, or not commence, to do the acts indemnified against until such additional indemnity is furnished.
In addition, CIBL (or an Affiliate) will make available a facility for use by the Company, and such facility will be operated by the Company at its expense (and CIBL or the Affiliate will receive a monthly rent from the Company of HK$30,000 (Thirty Thousands Hong Kong Dollars) [FILL IN DOLLAR AMOUNT] per month in respect of such rental).