MIC definition
MIC. A mortgage insurance certificate issued by HUD.
MIC means a mortgage investment corporation as defined in subsection 130.1(6) of the Tax Act;
MIC means a “mortgage investment corporation” as defined under the Tax Act.
More Definitions of MIC
MIC means a mortgage investment corporation, within the meaning of subsection 130.1(6) of the ITA.
MIC means Macquarie Infrastructure Company Inc., a Delaware corporation.
MIC means the Branch Manager Management Incentive Compensation Plan.
MIC means a “mortgage investment corporation” as defined under the Tax Act. “Mortgage Investment” means an Investment in a mortgage.
MIC means a "mortgage investment corporation" within the meaning of subsection 130.1(6) of the Tax Act;
MIC or the “Target”), pursuant to that certain Agreement and Plan of Merger, dated as of December 13, 2022, by and among the Company, MIC, and Queen Merger Corp. I, a Maryland corporation and wholly-owned subsidiary of the Company (“Merger Sub”) (as it may be amended from time to time, the “Transaction Agreement”). In connection with the Transaction, the Company is seeking commitments from interested investors to purchase, contingent upon, and substantially concurrently with, the closing of the Transaction (the “Transaction Closing”), shares of common stock of the Company (after giving effect to the Domestication), par value $0.0001 per share (“Common Shares”), for a purchase price of $10.00 per 1.2 shares (the “Per Share Purchase Price”) in a private placement to be conducted by the Company (the “Offering”). On or about or following the date of this Subscription Agreement, the Company is entering into subscription agreements with certain other investors (the “Other Investors,” and together with the Investor, the “Investors”), pursuant to which the Other Investors, severally and not jointly, and the Investor have agreed or will agree to purchase Common Shares, on the date of the Transaction Closing, at the Per Share Purchase Price (the “Other Subscription Agreements” and together with the Subscription Agreement, the “Subscription Agreements”). The aggregate purchase price to be paid by the Investor for the subscribed Shares (as set forth on the signature page hereto) is referred to herein as the “Subscription Amount.” In connection therewith, and in consideration of the foregoing and the mutual representations, warranties and covenants, and subject to the conditions set forth herein, and intending to be legally bound hereby, each of the Investor and the Company acknowledges and agrees as follows:
MIC means the Member Identification Code selected by the Member upon becoming a Member of Vancity.