NYSDI definition
Examples of NYSDI in a sentence
In addition, CTI will continue to conduct all title and escrow business in Nevada and Utah (for each such line of business and each such state, a "State Interim Period") until the earlier to occur of (A) LSI obtaining a license to act as a title insurance agent or escrow agent, as applicable, in such state, or (B) the Form A Filing is approved by the NYSDI, but only to the extent National Title is licensed as a title insurance company or escrow agent, as applicable, in such state.
In the event that the Form A Filing is not approved by the NYSDI within six (6) months following Closing, LSI will enter into written "alliance agreements", in forms satisfactory to the Company, with local law firms in Connecticut and Massachusetts, pursuant to which LSI will process the title and escrow business in such states through such local law firms.
Parent hereby agrees that within two (2) business days after approval of the Form A Filing by the NYSDI, it will transfer or contribute through the Company all outstanding equity securities of National Title to LSI for no consideration, resulting in National Title becoming an indirect wholly-owned subsidiary of the Company.