GLIC definition
Examples of GLIC in a sentence
The Company shall pay to Executive cash in lieu of a fractional share of common stock based on such average closing price.
The average monthly distributed direct-flow delivery to Greeley is equal to the monthly average total direct-flow deliveries to GLIC Sectors III – IX from May to September, determined from monthly direct-flow farm headgate deliveries tabulated in Appendix H to the ▇▇▇▇▇▇▇ Report, divided by the total average annual direct-flow delivery to GLIC Sectors III – IX, multiplied by the average annual direct-flow delivery to Greeley from Table 44 of the ▇▇▇▇▇▇▇ Report.
None of Cedent, GLIC or GLICNY, or, to the Knowledge of Cedent, any other party is in material breach or default under any Ceded Reinsurance Agreement.
Except as would not impair Cedent’s rights under Section [ ] of the GLIC Reinsurance Agreement, Cedent shall not amend, modify, supplement or terminate Section [ ] of the GLIC Reinsurance Agreement without the prior written consent of Reinsurer.
The date of Closing, at or before which the transfer of the Seventeen Customers, 8 CBT Units, One-Half GLIC Share, and 4.4 Acre Dry-Up Interest shall occur, shall be ninety (90) days after mutual execution of this Agreement, or such other date and time as agreed upon by the Parties.
As of the date of this Agreement, none of Cedent, GLIC, GLICNY or any of their Affiliates is subject to any pending financial or market conduct examination by any Governmental Authority in connection with the Business except as set forth in Section 3.8(a) of Cedent Disclosure Schedule.
The calculated maximum monthly direct-flow delivery to Greeley was calculated as the average monthly distributed direct-flow delivery to Greeley, multiplied by the monthly ratio of the maximum monthly total direct-flow delivery to GLIC Sectors III - IX ((1) above) divided by the average monthly total direct-flow delivery to GLIC Sectors III - IX from May to September, determined from monthly direct-flow farm headgate deliveries tabulated in Appendix H to the ▇▇▇▇▇▇▇ Report.
The Stipulated Volumetric Limit Methodology is also part of the “Future GLIC Change Methodology” as defined in paragraph 7 below, and will be applied in future changes of ▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇ System Water Rights represented by shares or rights except for Unallocated Shares.
GLIC shall be entitled to divert and beneficially use for its shareholders said water that Loveland leaves in the stream pursuant to paragraph 6.C.(7)(d).
Except as set forth in Section 3.7 of Cedent Disclosure Schedule, (a) to the Knowledge of Cedent, each of Cedent, GLIC and GLICNY, as applicable, held, at the time it issued any Reinsured Policies, all material Permits required under Applicable Law in order to issue such Reinsured Policies, and (b) each of Cedent, GLIC and GLICNY, as applicable, holds all material Permits required under Applicable Law that are necessary to entitle them to conduct the Business as currently conducted.