NICO definition

NICO means National Indemnity Company, a corporation organized under the laws of Nebraska.
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NICO has the meaning set forth in the Preamble.
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NICO means the Naftitran Intertrade Company Limited;
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Examples of NICO in a sentence

  • The project is run by a consortium in which Iran’s Naftiran Intertrade Company (NICO) holds a passive 10% share.

  • That project is run by a consortium in which Iran’s Naftiran Intertrade Copmany (NICO) holds a passive 10% share, and includes BP, Azerbaijan’s natural gas firm SOCAR, Russia’s Lukoil, and other firms.

  • The guidance appears to also apply to the second phase of the project, which also involves NICO and will carry gas to Europe.

  • NICO was sanctioned under ISA and other provisions (until JCPOA Implementation Day), but an OFAC factsheet of November 28, 2012, stated that the Shah Deniz consortium, as a whole, is not determined to be “a person owned or controlled by” the government of Iran, as defined in Executive Order 13599, and that transactions with the consortium would not violate U.S. law or regulations.

  • Under this agreement, we ceded to NICO 80 percent of the paid losses on subject business paid on or after January 1, 2016 in excess of $25 billion of net paid losses, up to an aggregate limit of $25 billion.


More Definitions of NICO

NICO has the meaning set forth in the Preamble and includes successors and permitted assigns.
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NICO shall have the meaning provided in the Preamble hereof.
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NICO means National Indemnity Company, a Nebraska insurance
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NICO herein means National Indemnity Company, and all of its respective past, present and future officers, directors, shareholders, principals, parents, subsidiaries, predecessors, successors, attorneys, agents or assigns, employees, claims handling agents, and any and all Persons acting under their direction or control or on their behalf, including but not limited to Cavell USA, Inc. and its predecessors, subsidiaries, agents and assigns.
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NICO has the meaning set forth in the Preamble. The term “NICO” as used herein shall include any predecessor or successor of such companies, including by reason of merger, consolidation or otherwise.
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NICO has the meaning assigned to such term in the preamble.
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NICO has the meaning ascribed to it in the first paragraph of this Agreement.
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