Group Rules means the Group Solvency Standards, together with the Group Supervision Rules.
Group Rules means the Group Solvency Standards, together with the Group Supervision Rules, as those rules and regulations may be amended or replaced from time to time.
Group Rules means the Group Solvency Standards, together with the Group Supervision Rules. (x) “Group Solvency Standards” means the Bermuda Insurance (Prudential Standards) (Insurance Group Solvency Requirement) Rules 2011, as those rules and regulations may be amended or replaced from time to time. (y) “Group Supervision Rules” means the Bermuda Insurance (Group Supervision) Rules 2011, as those rules and regulations may be amended or replaced from time to time. (z) “Insurance Act” means the Bermuda Insurance Xxx 0000, as amended from time to time. (aa) “Insurance Group” means all of the subsidiaries of the Company that are regulated insurance or reinsurance companies (or part of such regulatory group) pursuant to the Applicable Supervisory Regulations. (bb) “Issue Date” means [●], 202[●], the initial date of issuance of the Series B Preference Shares. (cc) “Junior Shares” means any class or series of shares of the Company that ranks junior to the Series B Preference Shares either as to the payment of dividends or as to the distribution of assets upon any liquidation, dissolution or winding-up of the Company. As of the Issue Date, the Company’s Junior Shares outstanding consist of its Common Shares and its Series A Preference Shares. (dd) “Liquidation Preference” has the meaning specified in Section 6(b). (ee) “Memorandum of Association” means the memorandum of association of the Company, as it may be amended from time to time. (ff) “Nonpayment Event” has the meaning specified in Section 9(b). (gg) “Parity Shares” means any class or series of shares of the Company that ranks equally with the Series B Preference Shares as to the payment of dividends and as to the distribution of assets on any liquidation, dissolution or winding-up of the Company. As of the Issue Date, there are no Parity Shares of the Company outstanding. 4
Examples of Group Rules in a sentence
Permit the available statutory capital and surplus as calculated in accordance with the Group Rules, to fall below the Target Capital Level as at the last day of each fiscal quarter of the Borrower (the “Enhanced Capital Requirement Covenant”).
Group Rules on Timely DisclosureThe Company has established “Internal Information Management Rules” to ensure thoroughness of the prohibition of insider trading and to take all possible measures for information management.
More Definitions of Group Rules
Group Rules has the meaning set forth in Section 3.01(c).
Group Rules has the meaning set forth in the definition of “Applicable Supervisory Regulations”.
Group Rules has the meaning set forth in the definition of “Applicable Supervisory Regulations”.