Max Re definition
Examples of Max Re in a sentence
The Company shall, and the Company will cause Max Re to, use its commercially reasonable efforts to obtain all approvals and consents to the transactions contemplated by this Agreement as set forth on Schedule 3.4 attached hereto.
If, after this Agreement has been terminated, the Company is seeking to retrocede any of the Existing Company Business (excluding the HVB Introduced Business) then the Company will, as long as it does not disadvantage the Company, allow Max Re to bid at market rates on such business.
For so long as the Warrants are exercisable, Max Re shall reserve that number of its Max Re Non-Voting Shares issuable upon exercise of the Initial Warrant and the Additional Warrant and such shares shall not be subject to any preemptive or other similar rights (the "Max Re Reserved Shares").
The Max Re Purchase Price shall be payable as provided in Section 2.2 hereof.
Except for obligations incurred in connection with its incorporation or organization or the negotiation and consummation of this Agreement, the Offering, and the transactions contemplated hereby and thereby, Max Re has neither incurred any obligation or liability nor engaged in any business or activity of any type or kind whatsoever or entered into any material agreement or arrangement with any person or entity, except as set forth in Schedule 5.9 hereto or as disclosed in the Offering Memorandum.
Neither the Parent nor Max Re is engaged in the “investment business” as defined in The Investment Business Act of 2003 of Bermuda.
At the date hereof, Max Re has the following authorized capital, issued and outstanding shares and shares reserved for issuance: The authorized share capital of Max Re is US$30,000,000 divided into 1,250,000 Voting Common Shares, 27,000,000 Non-Voting Common Shares and 1,750,000 Preferred Shares each having a par value of US$1.00.
The execution, delivery and performance by Max Re of this Agreement and the Warrants do not require consent, approval or authorization of, or filing, registration or qualification with, any governmental body, agency, official, court or other authority that has not been obtained or made.
All statutory financial statements of Max Re Ltd., from which certain ratios and other statistical data contained in the Registration Statement and the Prospectus have been derived, have for each relevant period been prepared in conformity with the accounting practices required or permitted by applicable Insurance Laws (as defined below) of Bermuda and present fairly the information purported to be shown.
If Max Re at any time combines (by reverse share split or otherwise) one or more classes of its issued and outstanding Max Re Common Shares into a smaller number of shares, the number of Company Common Shares for which the Common Share Exchange Right may be exercised shall be adjusted upward proportionately.