NYID definition

NYID means the New York State Insurance Department.
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NYID shall have the meaning set forth in Section 3.
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Examples of NYID in a sentence

  • All information provided by the XL Parties to the NYID, the BMA or the UK FSA was true, correct and complete in all material respects.

  • The NYID has approved in writing the terms of this Agreement and any Transaction to which XLCA is a party, including the Quota Share Treaty Commutation Agreement, pursuant to applicable Law, including Section 1505 of the New York Insurance Law.

  • The SCA Parties and the CDS Counterparties understand that the approval by the NYID of any CDS Counterparty Restructuring will require addressing XLCA’s public finance business to the satisfaction of the NYID.

  • The NYID has approved in writing the terms of this Agreement and any Transaction to which XLRA is a party, including the Adverse Development Cover Commutation Agreement, pursuant to applicable Law, including Section 1505 of the New York State Insurance Laws.

  • All information provided by the SCA Parties to the NYID, the BMA or the UK FSA was true, correct and complete in all material respects.

  • The SCA Parties have provided the NYID, the BMA and the UK FSA with all information the SCA Parties deemed material and all information requested by the NYID, the BMA or the UK FSA.

  • The XL Parties have provided the NYID, the BMA and the UK FSA with all information the XL Parties deemed material and all information requested by the NYID, the BMA or the UK FSA.

  • Notwithstanding anything to the contrary, the NYID, the BMA and the UK FSA have not confirmed that they are not objecting to the transfer of the XL Owned SCA Common Shares to the SCA Shareholder Entity but the SCA Parties will seek to obtain such confirmations promptly and anticipate that such confirmations will be obtained promptly after the completion of the documentation related to the Shareholder Entity.

  • In such event Equitable will have right to amend this agreement if necessary to respond to the objections raised by the NYID.

  • The shares of Common Stock so purchased upon the exercise of the Warrants will not be subject to any restrictions on transfer or voting thereof under the Investment Agreement or the NYID Letter.

Related to NYID

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