Life Facility definition

Life Facility means an unsecured credit facility among one or more Subsidiaries and one or more lenders to be entered into [on or after the Restatement Effective Date] providing for the issuance of letters of credit up to an aggregate stated amount of $50,000,000 to support each such Subsidiary's obligations under one or more Reinsurance Agreements pursuant to which the ceding party has ceded to such Subsidiary certain life insurance risks.
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Examples of Life Facility in a sentence

  • The University reserves the right to restrict the number of nights any non-resident may spend as an overnight guest in any Residence Life Facility.

  • Persons living in any other Residence Life Facility may not occupy their Student Assignment during Fall/Thanksgiving break, semester break, or spring break.

  • Signs are subject to all published University policies; in particular, signs of an advertising or commercial nature may not be displayed in any window or exterior surface of the Student Assignment, Residence Life Facility, or other locations.

  • The charges for room and board vary according to the Residence Life Facility, the Student Assignment, and the assigned meal plan.

  • Such addendums will be widely distributed to the Organization and will be discussed during the annual review processes with Residential Life, Facility Operations, and the CFSD.

  • Delivery to the Administrative Agent and the Lenders of evidence satisfactory to it and the Required Lenders that (x) any Liens granted pursuant to the New York Life Facility shall have been released and terminated.

  • Acquiror shall have received the CMFG Life Facility Termination and Release, executed by CMFG Life, ▇▇▇ and PAIC irrevocably releasing ▇▇▇ and PAIC from all obligations under the CMFG Life Facility.