MICT definition

MICT means Ministry of Information, Culture and Tourism.

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MICT means Macquarie Infrastructure Company Trust, a statutory trust organized under the laws of the state of Delaware.

MICT means Mission Insurance Company Trust.

Examples of MICT in a sentence

• There are no outstanding or authorized equity appreciation, phantom equity or similar rights with respect to MICT.

• There are no outstanding requests by MICT for any extension of time within which to file any Tax Return or within which to pay any Taxes shown to be due on any Tax Return.

• None of the outstanding MICT Securities has been issued in violation of any applicable securities Laws.

• The MICT Real Property Leases are valid, binding and enforceable in accordance with their terms and are in full force and effect.

• The MICT Financials reflect all material Liabilities for unpaid Taxes of MICT for the periods (or portions of periods) covered by the MICT Financials.

• MICT is not an “investment company” or a Person directly or indirectly “controlled” by or acting on behalf of an “investment company”, in each case within the meaning of the Investment Company Act of 1940, as amended.

• Other than as expressly set forth in this Agreement, there are no outstanding obligations of MICT to repurchase, redeem or otherwise acquire any shares of MICT or to provide funds to make any investment (in the form of a loan, capital contribution or otherwise) in any Person.

• Termination for cause shall be effective upon the giving of such notice and Giussani shall be entitled to receive (i) any earned and unpaid salary accrued through the date of termination and (ii) subject to the terms thereof, any benefits which may be due to Giussani on such date under the provisions of any employee benefit plan, program or policy.

• MICT Personal Property Leases are valid, binding and enforceable in accordance with their terms and are in full force and effect.

• To the Knowledge of MICT, no event has occurred which (whether with or without notice, lapse of time or both or the happening or occurrence of any other event) would constitute a default on the part of a MICT or any other party under any of MICT Personal Property Leases, and MICT has not received notice of any such condition.

More Definitions of MICT

MICT means Macquarie Infrastructure Company Trust, a statutory trust organized under the laws of the state of Delaware, which was dissolved on June 25, 2007.

MICT means Mission Insurance Company Trust. 16. “MNICT” shall mean Mission National Insurance Company Trust. 17. “RRR Agreement” shall mean the Agreement of Reorganization, Rehabilitation, and Restructuring entered into by the Insurance Commissioner as conservator of Mission American Insurance Company and Compac Insurance Company; as liquidator of Mission Insurance Company, Enterprise Insurance Company, and Mission National Insurance Company; and as ancillary liquidator of Holland-America Insurance Company and Mission Reinsurance Corporation with the Missouri Insurance Director, as Receiver of Holland-America Insurance Company and Mission Reinsurance Corporation, and with the Mission Insurance Group, Inc. 18. “Rehabilitation Agreement” shall mean collectively, the RRR Agreement, the Closing Agreement and the trust agreements for each of MICT, MNICT and EICT. 19. “Trustee” shall mean the Insurance Commissioner, in his capacity as Trustee. Initial Recitals 20. Mission Insurance Company, Mission National Insurance Company, and Enterprise Insurance Company are or were California-domiciled property and casualty insurance companies. 21. On October 31, 1985, on the application of the Insurance Commissioner, the Superior Court for the County of Los Angeles issued an order which placed Mission Insurance Company, Mission National Insurance Company and Enterprise Insurance Company into conservation proceedings, in case number C 572 724. 22. On February 24, 1987, the Superior Court for the County of Los Angeles, (the “Liquidation Court”) entered those orders which placed Mission Insurance Company, Mission National Insurance Company and Enterprise Insurance Company in liquidation proceedings in the case captioned Insurance Commissioner of the State of California v. Mission Insurance Company, et al., case number C 572 724. 23. As of December 13, 1989, the Insurance Commissioner, as Liquidator of Mission Insurance Company, Mission National Insurance Company, Enterprise Insurance Company, and as Conservator of Mission American Insurance Company and Compac Insurance Company, entered into the RRR Agreement with Missouri

MICT means the Recipient’s Ministry of Information, Communications and Transport, or any successor thereto.

MICT means the Ministry of Information, Culture and Tourism of the Borrower or any successor thereto;