Pool Members definition
Examples of Pool Members in a sentence
The Pool Members are parties to a shareholder pooling agreement covering specific shares in the Guarantor which are defined in the agreement.
Sales of pooled shares in the Guarantor require prior approval by the Pool Members.
In the context of long-term cooperation arrangements, the Pool Members signed a participation agreement with the Raiffeisen Switzerland Genossen- schaft on 7 June 2004 pursuant to which Raiffeisen Switzerland Genossen- schaft had purchased a total of 12.5% of the shares in the Guarantor.
In the context of long-term cooperation arrangements, the Pool Members signed a participation agreement with the Raiffeisen Switzerland Genossenschaft on 7 June 2004 pursuant to which Raiffeisen Switzerland Genossenschaft had purchased a total of 12.5% of the shares in the Guarantor.
Income streams to the Pool Members may be more volatile, whether as the result of a one-off event (for example a successful large appeal) or something structural within an area (for example the closure of a major plant).
It is mutually agreed that effective the 1st day of April, 1986, Exhibit D, Corporate Retention Limits of the Ceding Company; Exhibit F, Pool Members and Applicable Percentages of Participation; and Exhibit G, Automatic Binding Limits to the Reinsurance Pool; are revised as attached.
In such case, the Ceding Company shall forward to all Pool Members copies of the original applications, all medical examinations or reports, inspection reports and all other information which the Ceding Company may have pertaining to the insurability of such risk, together with a Reinsurance Application (Exhibit I).
In case of any question or dispute arising between the Pool Member(s) and the Ceding Company relative to any transaction under this Agreement regarding which the Pool member(s) and the Ceding Company are unable to agree, such questions shall be referred to three arbitrators to be chosen from the officers of life insurance companies familiar with the reinsurance business, one of the arbitrators to be chosen by the Pool member(s), another by the Ceding Company, and the third by the two arbitrators.
Any notice convening any general meeting of Pool Members shall be exclusive of the day on which it is served or deemed to be served and of the day for which it is given, and shall specify the place, the day and the hour of the meeting and the general nature of the business of such meeting and shall be given to all Parties, all Committee Members, the Pool Chairman, the Chief Executive (if any), the Pool Auditor and the Director.
In this circumstance the remaining Pool Members may need to reconsider the level of Risk Reserve that is required to mitigate against volatility in Business Rate income following the change in membership.