Managed Syndicate definition

Managed Syndicate means the syndicate specified in the Schedule; ‘‘Relevant Year of Account’’ means the year of account specified in the Schedule; ‘‘Standard Members’ Agent’s Agreement’’ means the form of agreement between an underwriting member of Lloyd’s and a members’ agent prescribed by the Agency Agreements Byelaw (No. 8 of 1988) and set out in Schedule 1 thereof.

Managed Syndicate means each of syndicate 4040 and syndicate 4141 at Lloyd’s (including, if any such syndicate merges, any successor), under the management of the Managing Agent.

Managed Syndicate means Syndicate 1183 at Lloyd's, which is currently under the management of the Managing Agent.

Examples of Managed Syndicate in a sentence

• The Borrower shall as soon as the same becomes available, but in any event within 10 Business Days of the date on which it is approved by Lloyd’s, deliver to the Agent the business plan approved by Lloyd’s in relation to the Managed Syndicate and (if separate) the Realistic Disaster Scenarios relating thereto.

• The Borrower shall as soon as the same become available, but in any event within 100 days after the end of each year of account of the Managed Syndicate, deliver to the Agent audited annual reports and accounts in respect of the Managed Syndicate.

• The Borrower shall ensure that the Account Party shall not undertake any business or activity other than insurance business at Lloyd’s as a Member of the Managed Syndicate.

• In other words, a closer look into the decision-making that affects VOM is where I start my thesis.

• The Borrower shall ensure that the Managing Agent will make a request for funds of the Account Party in its capacity as a member of the Managed Syndicate before applying the Funds at Lloyd’s of the Account Party in the payment of any claims, expenses or outgoings made or incurred in connection with its underwriting business.

More Definitions of Managed Syndicate

Managed Syndicate means a syndicate of which the Corporate Member is a member and in respect of which the Agent is the managing agent;

Managed Syndicate means the syndicate specified in the Schedule;

Managed Syndicate means Managed Syndicate No. 2012, Managed Syndicate No. 1955 and the Apollo Managed Syndicate.

Managed Syndicate means syndicate 5151 (or any successor if such person merges) at Lloyd’s.

Managed Syndicate means each underwriting syndicate at Lloyd's in which either (i) any Subsidiary of Holdings is acting as the managing agent for such syndicate or (ii) Holdings and its Subsidiaries collectively provide 50% or more of the underwriting capital for such syndicate.

Managed Syndicate means Syndicate 2012 at Lloyd’s.

Managed Syndicate means Syndicate 4000, a syndicate at Lloyd’s under the management of HMAL (“Syndicate 4000”);