Final LPT Settlement Statement definition
Final LPT Settlement Statement has the meaning set forth in Section 2.8(e). “Final Total Equity” has the meaning set forth in Section 2.8(e). “Fraud” means, with respect to any Person, any breach or inaccuracy of a representation or warranty expressly stated in this Agreement that constitutes actual common law fraud under the Law of the State of New York by such Person; provided that “Fraud” shall not include any fraud claim based on constructive knowledge, equitable fraud or negligent misrepresentation. “Fronting Arrangement” means a reinsurance arrangement whereby Seller or any of its Affiliates, as reinsurers, reinsure all or substantially all of the insurance policies of the same type written by another insurer that acts as a fronting company for Seller or any of its Affiliates whereby Seller or any of its Affiliates assume via reinsurance all or substantially all of the aggregate insurance coverage obtained by the underlying policyholders in respect of the risks covered under such policies, and such reinsured risks are in respect of insurance policies (a) that are issued in Canada and (b) are of the types written by the Acquired Companies as of the Closing Date (including aviation policies). “GAAP” means generally accepted accounting principles in the United States or Canada, as applicable.
Examples of Final LPT Settlement Statement in a sentence
The Closing shall, for purposes of preparing the Estimated Closing Statement, the Estimated LPT Settlement Statement, the Proposed Final Closing Statement (including, for certainty, the Proposed Final LPT Settlement Statement), the Final Closing Statement and the Final LPT Settlement Statement, and calculating all amounts required to be calculated therefrom, be deemed effective as of the Effective Time.