FMIC definition

FMIC means First Mercury Insurance Company.

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FMIC or the "Holder"). The Recitals are an integral part of this Stock Option Agreement (hereinafter sometimes referred to as "Agreement").

FMIC means Fender Musical Instruments Corporation, and its divisions, subsidiaries, predecessors-in-interest and successors-in-interest.

Examples of FMIC in a sentence

• In the event FMIC contributes a business unit which it did not purchase in an arm's length transaction within sixty (60) days of such contribution, an appraisal of such business unit shall be obtained at FMIC's expense to determine net fair market value.

• In the event FMIC acquired one or more business units in an arms length acquisition within sixty (60) days of contribution, no appraisal shall be required.

• The line of credit shall remain in existence for a term of five (5) years and shall accrue interest at the rate of seven percent (7%) per annum fixed during the term of the line of credit, with interest paid quarterly by AFI to FMIC, and any principal borrowed on said line of credit due and payable five (5) years from the date of Closing.

• As of the Effective Date through December 31, 2006, it will not permit or suffer the “surplus as regards policyholders” (calculated in accordance with SAP), as determined as of the end of any fiscal quarter of FMIC, ANIC or of any of its existing or future material Insurance Subsidiaries (on a combined basis) at any time to be less than $84,000,000 (the “Minimum Surplus”).

• Said agreement shall provide that AFI shall draw down at Closing Two Hundred Fifty Thousand Dollars ($250,000) on said line of credit, with an additional One Hundred Thousand Dollars ($100,000) drawn down every thirty (30) days after Closing until the full Eight Hundred Seventy-five Thousand Dollar ($875,000) line of credit has been extended by FMIC to AFI.

• As of the Closing Date, the Department shall have approved the Trust Agreement, and the Syndicate and FMIC shall have received confirmation that the Articles of Dissolution of the Syndicate were filed with the Illinois Secretary of State and that the Agreement of Merger of the Syndicate and FMIC was filed with and approved by the Department, as described in Section 3.1 above.

• AFI and FMIC shall have entered into an agreement in which FMIC agrees to provide to AFI, as of Closing, a Eight Hundred Seventy-five Thousand Dollar ($875,000) line of credit upon which AFI can draw down for any reason whatsoever.

• This Agreement shall be governed by and interpreted and construed under and by virtue of the laws of the State of Kansas, regardless of the domicile of either AFI, AFIM or FMIC.

• In addition to the annual actuarial valuation described in Subsection (C)(2) above, FMIC may, at any time in its sole discretion, cause an actuarial valuation to be conducted by a Qualified Actuary to determine the Reserve Value.

• This Agreement is enforceable against the Syndicate and FMIC in accordance with its terms.

More Definitions of FMIC

FMIC means fixed mobile interconnection charge;

FMIC has the meaning set forth in Section 1.3 of this Agreement.

FMIC means collectively fixed-mobile interconnection charge and fixed-mobile transit charge (“FMICT” or “transit charge”) unless specifically stated otherwise;

FMIC means the Federal Ministry of Information and Culture of the Borrower;