GAIC definition
Examples of GAIC in a sentence
Any Governmental Authority or Insurance Authority shall issue an order or decree which would require GAIC, GALIC or any other Insurance Subsidiary to reduce or terminate any substantial part of its insurance business, and such event would have a Material Adverse Effect.
Upon receipt of the approval of the Approval Authority, the Joint Venture Company shall register the change in ownership with the GAIC.
GAIC shall pay any award of fees and expenses to Plaintiffs’ Counsel, either as stipulated and approved by the Wisconsin Court or as awarded in binding arbitration, as set forth in paragraph 39 hereof.
The cash receivables and --------------- inventory pledged to GAIC pursuant to Loan and Security Agreement dated as of August 23, 1996, between the Borrower and GAIC.
Borrowers shall not permit the Statutory Earnings of GAIC to be less than (a) $500,000 for its fiscal year ending December 31, 2001 and (b) $2,500,000 for any fiscal year thereafter.
December 31, 1997, provided ------------------ however, in the event the GAIC Loan is not fully repaid by December 31, 1997, and the Borrower has extended the GAIC Loan, the GAIC Maturity Date shall be December 31, 1998.
General Agents Insurance Company of America, Inc., an Oklahoma insurance company ("GAIC"), is made a party to the Agreement for the purposes described herein.
Any Governmental Authority or Insurance Authority shall issue an order or decree which would require GAIC or any other Insurance Subsidiary to reduce or terminate any substantial part of its insurance business, and such event would have a Material Adverse Effect on the Borrower.
Borrowers shall not permit the Statutory Earnings of GAIC to be less than (a) $2,250,000 for its fiscal year ending December 31, 1999, (b) $4,500,000 for its fiscal year ending December 31, 2000, (c) $5,500,000 for its fiscal year ending December 31, 2001 and (d) $6,000,000 for any fiscal year thereafter.
Each Transaction Document to which HMMR is a party constitutes the valid and legally binding obligation of HMMR, enforceable against HMMR in accordance with its terms and conditions, except to the extent enforcement thereof may be limited by applicable bankruptcy, insolvency or other Laws affecting the enforcement of creditors' rights or by the principles governing the availability of equitable remedies.