NBEV definition

NBEV means the value of new life insurance business originated in South Africa by Sanlam Life from time to time for any particular Financial Year as
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NBEV means the value of new life insurance business originated in South Africa by Sanlam Life from time to time for any particular Financial Year as determined by the Chief Actuary and published in the annual financial statements of the Company, being the discounted value at the point of sale, using a risk-adjusted discount rate, of the projected stream of after-tax financial soundness valuation profits for new business issued during the particular Financial Year, reduced by the cost of capital at risk over the life of the new business;
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Examples of NBEV in a sentence

  • The issuance of the NBEV Restricted Shares by Buyer at the Closing has been duly authorized and, when issued and delivered by Buyer as provided in this Agreement, the NBEV Restricted Shares will be validly issued, fully paid, non-assessable and free of any Encumbrances aside from the normal Rule 144 restrictions.

  • Assuming the accuracy of the representations and warranties of Seller set forth in Section 4, the issuance of the NBEV Restricted Shares at the Closing will be exempt from registration or qualification under the Securities Act and applicable state securities laws.

  • The NBEV Restricted Shares to be issued at Closing shall have been authorized for listing on the Nasdaq Capital Market, subject to official notice of issuance.

  • If Buyer effects a stock split, reverse split or similar transaction before the Closing, the number of NBEV Shares to be issued to Seller or its designees shall be adjusted accordingly.

  • At or before the Effective Time, NBEV shall make available to the Exchange Agent for exchange in accordance with this ARTICLE I, the Merger Consideration issuable pursuant to Section 1.6 hereof in exchange for outstanding shares of Company Common Stock and 587,001 shares of Phantom Stock, and any dividends or distributions to which holders of shares of Company Common Stock may be entitled pursuant to Section 1.7(d) hereof.

  • NBEV and Merger Sub shall have performed or complied in all material respects with all agreements and covenants required by this Agreement to be performed or complied with by them on or prior to the Closing Date, and the Company shall have received a certificate to such effect signed on behalf of NBEV by a duly authorized officer thereof.

  • In the event of an emergency, access will be coordinated with the Building manager or onsite emergency coordinator.

  • The fees and expenses of the independent accountant will be allocated between NBEV and the Stockholder Representative in the same proportion that the unsuccessfully disputed amount submitted by each party bears to the total amount of disputed amount submitted to the independent accountants.

  • NBEV shall cause the Surviving Corporation to pay, subject to the terms of the payment obligation agreements, the Excess Working Capital and the Working Capital Holdback, to the Company’s stockholders and the Phantom Stock holder in accordance with the payment schedules set forth below.

  • Prior to the Effective Time, each of NBEV and the Company shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and its subsidiaries respective businesses, assets and operations and continue to conduct its operations consistent with past practices.