Life Subsidiary definition

Life Subsidiary means any Subsidiary of the Borrower that is engaged in the business of providing life insurance and/or annuities, and related services.
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Life Subsidiary means any Subsidiary of the Borrower that is engaged in the business of providing life insurance and/or annuities, and related services. Loan has the meaning specified in Section 2.01.
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Life Subsidiary means any Subsidiary of AEGON which is engaged in life, annuity, accident or health insurance business.
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Examples of Life Subsidiary in a sentence

  • On 1 November 2018, within the framework of voluntary reorganization, JSC Halyk-Life (Subsidiary of JSC Halyk Bank) and JSC Life Insurance Company Kazkommerts Life (Subsidiary of JSC Kazkommertsbank) signed the Transfer Certificate, as a result of which JSC Halyk-Life became the full assignee of all the rights and obligations of JSC Life Insurance Company Kazkommerts Life.

  • Each Life Subsidiary which is a depository institution is a federally chartered capital stock savings bank and its deposits are insured by SAIF.

  • Life has Disclosed all existing transactions, investments and loans, including loan guarantees, to which Life or any Life Subsidiary is a party with any director, executive officer or 5% shareholder of Life or any person, corporation, or enterprise controlling, controlled by or under common control with any of the foregoing.

  • All annuity contracts issued by a Life Subsidiary satisfy the provisions of Sections 817(h) and 72(s) of the Code, as applicable, and amounts credited to such contracts are not subject to current taxation under Section 72(a) of the Code.

  • In addition to its Life Subsidiary - Wapic Life Assurance Limited, the Company also has an International Subsidiary - Wapic Insurance (Ghana) Limited which was established on 21 Januaary 2008, and an associate company - Coronation Merchant Bank Limited.

  • A smaller proportion of off-grid homes are in urban areas, normally heated by electricity or district heating systems (DECC, 2013a).

  • There is no strike or other labor dispute involving Life or any Life Subsidiary, pending or threatened, nor to the best knowledge of Life is there any activity involving any employees of Life or any Life Subsidiary seeking to certify a collective bargaining unit or engaging in any other organization activity.

  • The 1993 SNA defines FISIM as follows: "The total value of FISIM is measured in the System as the total property income receivable by financial intermediaries minus their total interest payable, excluding the value of any property income receivable from the investment of their own funds, as such income does not arise from financial intermediation.

  • Neither Life nor any Life Subsidiary is subject to any regulatory or supervisory cease and desist order, agreement, directive, memorandum of understanding or commitment, and none of them has received any communication requesting that it enter into any of the foregoing.

  • Neither Life nor any Life Subsidiary has any liability for any such taxes in excess of the amounts so paid or reserves or accruals so established.


More Definitions of Life Subsidiary

Life Subsidiary means any Subsidiary of the Borrower that is engaged in the business of providing life insurance and/or annuities, and related services. “Loan Document” means, collectively, this Agreement, any Note and the Fee Letters, any letter of credit applications and any agreements between the Borrower and an Issuing Bank regarding the issuance by such Issuing Bank of Letters of Credit hereunder and/or the respective rights and obligations between the Borrower and such Issuing Bank in connection thereunder, and any amendments, modification or supplements to any of the foregoing. “Loans” means the loans made by the Lenders to the Borrower pursuant to Section 2.03. “Material Adverse Effect” means, relative to any occurrence of whatever nature (including any adverse determination in any litigation, arbitration, or governmental investigation or proceeding), a material adverse effect on: (a) the assets, business, financial condition, operations or prospects of the Borrower or any Subsidiary; or (b) the ability of the Borrower or any Subsidiary to perform any of its payment or other material obligations under any of the Loan Documents. “Material Insurance Subsidiary” means, at any time, an Insurance Subsidiary having (on a consolidated basis with its Subsidiaries) at such time either (a) gross revenues for the most recent four Fiscal Quarter period in excess of 5% of the gross revenues of the Borrower and its Subsidiaries for such four Fiscal Quarter period or (b) total assets, as of the last day of the preceding Fiscal Quarter, having a net book value in excess of 5% of the total assets of the Borrower and its Subsidiaries as of such day, in each case, based upon the Borrower’s most recent annual or quarterly financial statements delivered to the Administrative Agent under Section 5.01. Notwithstanding the foregoing, it is agreed that Educators Life Insurance Company of America shall not be deemed a Material Insurance Subsidiary but its Subsidiary, Xxxxxx Xxxx Life Insurance Company, shall be a Material Insurance Subsidiary. The Material Insurance Subsidiaries are set forth on Schedule 3.10, as such schedule may be updated from time to time. “Maturity Date” means June 21, 2024. “Minimum Net Worth” has the meaning assigned to such term in Section 6.02. 14
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Related to Life Subsidiary

  • JV Subsidiary any Subsidiary of a Group Member which is not a Wholly Owned Subsidiary and as to which the business and management thereof is jointly controlled by the holders of the Capital Stock therein pursuant to customary joint venture arrangements.

  • ORE Subsidiary means any Subsidiary of the Assuming Bank that engages solely in holding, servicing, managing or liquidating interests of a type described in clause (A) of the definition of “Other Real Estate,” which interests have arisen from the collection or settlement of a Shared-Loss Loan.

  • SPE Subsidiary means any Subsidiary formed solely for the purpose of, and that engages only in, one or more Securitization Transactions.

  • Subsidiary means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company formed or acquired after the date hereof.

  • Financing Subsidiary means (a) any Structured Subsidiary or (b) any SBIC Subsidiary.

  • Non-U.S. Subsidiary means any Subsidiary that is not a U.S. Subsidiary.

  • Material Domestic Subsidiary means any Domestic Subsidiary that is a Material Subsidiary.

  • Project Financing Subsidiary means any Restricted Subsidiary of the Borrower (or any other Person in which Borrower directly or indirectly owns a 50% or less interest) whose principal purpose is to incur Project Financing or to become an owner of interests in a Person so created to conduct the business activities for which such Project Financing was incurred, and substantially all the fixed assets of which Subsidiary or Person are those fixed assets being financed (or to be financed) in whole or in part by one or more Project Financings.

  • Controlled Subsidiary means any Subsidiary of the Company, 50% or more of the outstanding equity interests of which are owned by the Company and its direct or indirect Subsidiaries and of which the Company possesses, directly or indirectly, the power to direct or cause the direction of the management or policies, whether through the ownership of voting equity interests, by agreement or otherwise.

  • UK Subsidiary means a Subsidiary organized under the laws of England and Wales.

  • Inactive Subsidiary means any Subsidiary of a Borrower that (a) does not conduct any business operations, (b) has assets with a total book value not in excess of $1,000,000 and (c) does not have any Indebtedness outstanding.

  • IDI Subsidiary means any Issuer Subsidiary that is an insured depository institution.

  • Material Subsidiary means any Subsidiary that is not an Immaterial Subsidiary.

  • Operating Subsidiary means a majority-owned subsidiary of a financial

  • Joint Venture Subsidiary means a Subsidiary of the Company or any of its Subsidiaries that has no assets and conducts no operations other than its ownership of Equity Interests of a Joint Venture.

  • U.S. Subsidiary means any Subsidiary that is incorporated or organized under the laws of the United States or a state thereof or the District of Columbia.

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • Parent Subsidiary means any Subsidiary of Parent.

  • Regulated Subsidiary means any Subsidiary that is (a) a Broker-Dealer Subsidiary, (b) otherwise subject to regulation by any Governmental Authority and for which the incurrence of Indebtedness (including Guarantees) or the granting of Liens with respect to its assets would be prohibited or restricted or would result in a negative impact on any minimum capital or similar requirement imposed by such Governmental Authority and applicable to it or (c) subject to regulation by any Regulatory Supervising Organization.

  • Eligible Subsidiary means each Subsidiary of the Parent set forth on Exhibit A hereto, as the same may be updated from time to time with Laurus’ written consent.

  • Project Subsidiary means any Subsidiary of the Company held for the purpose of holding, constructing or acquiring power generation facilities or related or ancillary assets or properties and any Subsidiary of the Company whose assets consist primarily of equity interests in one or more other Project Subsidiaries; provided that a Subsidiary will cease to be a Project Subsidiary if it Guarantees any Indebtedness of the Company other than obligations of the Company related to Project Debt of one or more Project Subsidiaries.

  • Securitization Subsidiary means any Subsidiary in each case formed for the purpose of and that solely engages in one or more Qualified Securitization Financings and other activities reasonably related thereto.

  • Significant Domestic Subsidiary means any Domestic Subsidiary that is a Significant Subsidiary.

  • Current Subsidiary means any Person in which the Company on the Subscription Date, directly or indirectly, (i) owns any of the outstanding capital stock or holds any equity or similar interest of such Person or (ii) controls or operates all or any part of the business, operations or administration of such Person, and all of the foregoing, collectively, “Current Subsidiaries”.

  • Consolidated Subsidiary means with respect to any Person at any date any Subsidiary of such Person or other entity the accounts of which would be consolidated with those of such Person in its consolidated financial statements if such statements were prepared as of such date in accordance with GAAP.

  • Material Foreign Subsidiary means any Foreign Subsidiary that is a Material Subsidiary.