Non-Renewal Date definition

Non-Renewal Date means the later of (i) the date the Administrator has completed all changes to its systems and administrative procedures necessary to exercise its rights under the Renewal Rights Agreement, and (ii) the date the Administrator has received all rate and form approvals required by Governmental Authorities with respect to the issuance by the Administrator of the Reinsured Policies in its own name (together with any individual conversion policies applicable thereto), but in no event later than 12 months from the Effective Date.

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Non-Renewal Date has the meaning ascribed to that term in Section 2.07(d);

Non-Renewal Date means (a) with respect to the Insurance Contracts and Related Administered Contracts issued in a particular state of the United States or the District of Columbia in which Purchaser is not fully authorized as of the Closing Date to issue policies in substantially the form of the Insurance Contracts, the last day of the sixth month following the date upon which Purchaser becomes fully authorized to issue policies in substantially the form of the Insurance Contracts, utilizing premium rates determined by Purchaser and approved by applicable regulatory authorities, but no later than the date which is 18 months following the Closing Date and (b) with respect to (i) Insurance Contracts and Related Administered Contracts issued in a particular state of the United States or the District of Columbia in which Purchaser is fully authorized as of the Closing Date to issue policies in substantially the form of the Insurance Contracts utilizing premium rates determined by Purchaser and approved by applicable regulatory authorities and (ii) Unrelated Administered Contracts, six months after the Closing Date.

Examples of Non-Renewal Date in a sentence

Following the Non-Renewal Date, the Executive shall notify the Company in writing upon his commencement of any full time employment.
Following the Non-Renewal Date, the Executive shall notify the Company in writing upon his commencement of any full-time employment.
The Company hereby authorizes and grants the Administrator the authority, from the Effective Date until the Non-Renewal Date to market, sell, underwrite and issue in the States of New York and Rhode Island, in the name of the Company, new ASO Contracts.
The Company hereby authorizes and grants the Administrator the authority, from the Effective Date until the Non-Renewal Date to market, sell, underwrite and issue in the States of New York and Rhode Island, in the name of the Company, new VAS Contracts.
To the extent that the terms of an ASO Contract allow for such ASO Contract to be renewed, the Company hereby authorizes and grants the Administrator, from the Effective Date until the Non-Renewal Date, the authority to underwrite and issue in the States of New York and Rhode Island, in the name of the Company, renewals to such ASO Contracts.
The Company hereby authorizes and grants the Administrator the authority, from the Effective Date until the Non-Renewal Date to market, sell, underwrite and issue in the States of New York and Rhode Island, in the name of the Company, new insurance policies with respect to the Business of the types currently being written in the Business (the “Post-Closing Policies”).
To the extent that the terms of a Reinsured Policy allow for such Reinsured Policy to be renewed, the Company hereby authorizes and grants the Administrator, from the Effective Date until the Non-Renewal Date, the authority to underwrite and issue in the States of New York and Rhode Island, in the name of the Company, renewals to such Reinsured Policy (the “Renewal Policies”).
On or before the thirtieth (30th) day preceding the then effective Liquidity Non-Renewal Date, each of the Class A Lender and the Class B Lender shall notify the Agent and the Borrower whether it has determined, in its sole discretion, to extend the Liquidity Non-Renewal Date to the Expected Facility Termination Date.
In consideration of the service to be provided by Sellers pursuant to this Agreement, the Company shall pay or cause to be paid to Sellers, a commission equal to 5% for the first year, 4% for the second year and 1% for the third year of the direct written premium (as adjusted for cancellations and endorsements) for the Subject Policies renewed by the Permitted Designees during each one-year period commencing on the Non-Renewal Date (the "Scheduled Commission").
This Agreement shall terminate upon the first to occur of (a) the Non-Renewal Date, or (b) termination of the Individual ASA in accordance with the terms thereof.

More Definitions of Non-Renewal Date

Non-Renewal Date has the meaning specified in Section 7.4(a). “Northeast Homeowners Lines” means the following lines of property and casualty insurance written by Seller within the Territory: (a) personal homeowners, (b) renters, (c) landlord and condominium / co-op insurance, (d) dwelling fire, (e) allied lines, (f) federal flood, (g) inland marine, (h) earthquake, (i) group accident and health and (j) general liability. “Organizational Documents” has the meaning specified in Section 3.4. “Permitted Exceptions” means the inability of Seller to non-renew or otherwise cease renewing or issuing any Insurance Policies (i) to the extent prohibited by Applicable Law; (ii) to the extent such Insurance Policies are renewed or issued to honor quotes outstanding as of the Closing Date; or (iii) to the extent otherwise contemplated in the Withdrawal Plan. “Person” means an individual, corporation, partnership, joint venture, limited liability company, association, trust, unincorporated organization or other entity.

Non-Renewal Date means the later of (i) the date the Renewing Insurer has completed all changes to its systems and administrative procedures necessary to exercise its rights under this Agreement, and (ii) the date the Renewing Insurer has received all rate and form approvals required by Governmental Authorities with respect to the issuance by the Renewing Insurer of the Insurance Policies in its own name (together with any individual conversion policies applicable thereto), but in no event later than 12 months from the Effective Date.

Non-Renewal Date has the meaning set forth in Section 2.1.

Non-Renewal Date has the meaning specified in Section 7.4(a). “Organizational Documents” has the meaning specified in Section 3.4. “Permitted Exceptions” means the inability of Seller to non-renew or otherwise cease renewing or issuing any Insurance Policies (i) to the extent prohibited by Applicable Law; (ii) to the extent such Insurance Policies are renewed or issued to honor quotes outstanding as of the Closing Date; or (iii) to the extent otherwise contemplated in the Withdrawal Plan. “Person” means an individual, corporation, partnership, joint venture, limited liability company, association, trust, unincorporated organization or other entity. “Policies” has the meaning specified in the Reinsurance Agreement. “Policyholders” means policyholders and named insureds of the Insurance Policies. “Policy Replacement Date” means June 1, 2022 or such other date mutually agreed by the parties. “Producer” means any agent, reinsurance intermediary, producer, broker or sales representative involved in the placement or marketing of the Insurance Policies since December 31, 2019.

Non-Renewal Date shall have the meaning set forth in the Renewal Rights Agreement.