FPIG definition
Examples of FPIG in a sentence
Each share of FPIG Common Stock and each share of FPIG Preferred Stock issued and outstanding immediately prior to the Effective Time shall become and be a right to receive $4,982 (the “Cash Consideration”).
Each FPIC Reinsurance Treaty is valid and binding on each party thereto, and none of FPIG, FPIC, and, to the knowledge of FPIG, any other party thereto, is in default in any material respect with respect to any such reinsurance agreement or treaty.
Neither FPIG nor any of the FPIG Subsidiaries is or has been engaged in any unfair labor practices as defined in the National Labor Relations Act or similar Applicable Law nor is there pending any unfair labor practice charge.
Subject to the foregoing, this Agreement has been duly and validly executed and delivered by Mercer and (assuming this Agreement constitutes a valid and binding obligation of FPIG) constitutes a valid and binding agreement of Mercer, enforceable against Mercer in accordance with its terms.
Section 3.4(b) of the FPIG Disclosure Schedule lists all jurisdictions in which FPIC is licensed or authorized to carry on an insurance business.
On the Closing Date, Mercer and FPIG shall cause the Certificate of Merger to be duly executed and to be filed with the DSS.
FPIG has made available to ▇▇▇▇▇▇ correct and complete reports issued by the applicable Insurance Regulator with respect to such financial examinations.
All of such shares or equity interests so owned by FPIG are validly issued, fully paid and nonassessable and are owned by it free and clear of any Encumbrance.
To the knowledge of FPIG, each FPIC Actuarial Analysis was based upon an accurate inventory of policies in force for FPIC at the relevant time of preparation, was prepared using appropriate modeling procedures accurately applied and in conformity with generally accepted actuarial principles consistently applied, and the projections contained therein were properly prepared in accordance with the assumptions stated therein.
In addition, each Right, as defined in Section 1.2 of the Agreement, issued and outstanding immediately prior to the effective time of the Merger shall be converted into the right to receive the product of the number of shares of FPIG common stock that would have been acquired upon the exercise of the Right multiplied by the difference between the cash consideration described in Section 2.5(b) of the Agreement and the exercise price per share of FPIG common stock.