leeway definition

leeway provisions), and the acquisition thereof shall not subject you to any penalty or other onerous condition pursuant to any such law or regulation, and you shall have received such evidence as you may reasonably request to establish compliance with this condition.
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leeway provisions) and you shall have received such evidence as you may reasonably request to establish compliance with this condition.
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leeway investment is an investment which does not qualify under NYIL Section 1404(a), but excludes any investment prohibited by NYIL Sections 1404(a)(6) or 1407(a)(1)-(4), (6) and (8)-(10). 5 In order to engage in derivative transactions under NYIL Section 1410, a New York domestic financial guaranty insurer must satisfy certain conditions, including (i) maintaining cash, Tier 1 and Tier 2 investments in an amount equal to at least 70% of its loss and loss adjustment expense reserves and 50% of its unearned premium reserves, as reflected in its most recent filed statutory financial statement, and (ii) adopting a “derivative use plan” which has been approved by its board of directors and the New York Superintendent of Insurance (the “Superintendent”). NYIL Sections 1403(c) and 1410. Tier 3 investments which are specifically prohibited under NYIL Section 1407, include, among others: (1) obligations, shares or other securities of any institution which is insolvent at the time of the investment; (2) certain obligations, shares or other securities issued by a parent corporation or a corporation which is an affiliate or will be an affiliate of the financial guaranty insurer; and (3) acquiring any interest in an investment through a partnership other than an interest acquired as a limited partner in a limited partnership.
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More Definitions of leeway

leeway provisions) and you shall have received from the Company such evidence as you may reasonably request to establish compliance with this condition.
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leeway provisions permitting investment without restriction as to the character of the particular investment. The Transferor shall have delivered to each Purchaser factual certificates or other evidence, in form and substance satisfactory to each Purchaser, to enable each Purchaser to establish compliance with this condition, as may be reasonably requested.
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Related to leeway

  • Freeway means a divided multi-lane highway for through traffic with all crossroads separated in grade and with full control of access.

  • Crosswalk means that part of a roadway at an intersection included within the connections of the

  • Green means products, materials, methods and processes certified by a “Green Authority” that conserve natural resources, reduce energy or water consumption, avoid toxic or other polluting emissions or otherwise minimize environmental impact.

  • Towers means the communications towers on the Sites.

  • Airside means, generally, those areas of an Airport which requires a person to pass through a security checkpoint to access. References to "sterile areas" generally mean Airside areas within terminal buildings. References to "Airfield", "Aircraft Operations Area", "AOA", or "Secured areas" generally mean outdoor Airside areas or areas not accessible to passengers.