PICOM definition
Examples of PICOM in a sentence
MEEMIC Holdings, PICOM and Professionals acknowledge receiving a copy of such Plan of Conversion.
Each representation, warranty, covenant and agreement of PPTF set forth in this Agreement, as updated by any written disclosure schedule delivered pursuant to Section 6.11 of this Agreement, shall be deemed to be made on and as of the date of this Agreement, as of the effective date of the S-4, as of the Closing Date, as of the INSC▇ ▇▇▇ective Time, and as of the PICOM Effective Time.
At the PICOM Effective Time, the registered office of PICOM, as the surviving corporation in the PICOM Merger, shall be located in Okemos, Michigan, provided, however, that PICOM shall conduct significant corporate activities from regional executive offices located in Coral Gables, Florida and in Okemos, Michigan.
This Agreement has been duly and validly executed and delivered by Professionals Group and (assuming due authorization, execution and delivery by PICOM and PPTF and the receipt of all Requisite Regulatory Approvals (as defined in Section 7.1(e) of this Agreement) constitutes a valid and binding obligation of Professionals Group, enforceable against Professionals Group in accordance with its terms.
Capitalized terms not otherwise defined in this Agreement shall have the meanings given to them in the First Amended and Restated Agreement and Plan of Merger dated October 3, 1997 among Professionals Group, PICOM and PPTF (the "Merger Agreement").
At and after the PICOM Effective Time each outstanding stock certificate which prior to the PICOM Effective Time represented shares of common stock of INSC▇ ▇▇▇omatically and for all purposes shall be deemed to represent the number of shares of common stock of PICOM into which the shares of common stock of INSC▇ ▇▇▇resented by such certificate have been converted pursuant to this Section 1.13.
PICOM shall be the surviving corporation in the PICOM Merger, and shall continue its corporate existence under the laws of the State of Michigan.
The term "PICOM Effective Time" shall be the date and time when the PICOM Merger becomes effective, as set forth in the PICOM Certificates of Merger filed in accordance with the Michigan Insurance Code, the Florida Insurance Code and the FBCA.
President and Chief Executive Officer PICOM INSURANCE COMPANY, a Michigan stock insurance company By: /s/ Vict▇▇ ▇.
Title: President and Chief Executive Officer PICOM Insurance Company _________________________________ By: Vict▇▇ ▇.