Principal Mutual Life Insurance Company definition

Principal Mutual Life Insurance Company. ("Principal"), Northern Life Insurance Company ("Northern"), Modern Woodmen of America ("MWA") and Royal Neighbors of America ("RNA", and together with Principal, Northern and MWA, collectively the "1994 Purchasers") and The Rottlund Company, Inc., a Minnesota corporation (the "Company"), pursuant to which the 1994 Purchasers purchased promissory notes of the Company in the aggregate original principal amount of $25,000,000 (collectively, the "1994 Notes") and (ii) the Note Agreement dated as of February 15, 1996 (as amended by that certain Letter Amendment dated as of December 30, 1996 and that certain Waiver and Amendment dated as of March 31, 1997, the "1996 Agreement", and together with the 1994 Agreement, collectively the "Agreements" and each individually an "Agreement") among Principal, Bankers Security Life Insurance Society, n/k/a ReliaStar Life Insurance Company of New York ("Bankers") and United Services Life Insurance Company, n/k/a ReliaStar United Services Life Insurance Company ("United", and together with Principal and Bankers, collectively the "1996 Purchasers", and, together with the 1994 Purchasers, collectively the "Purchasers"), pursuant to which the 1996 Purchasers purchased promissory notes of the Company in the aggregate original principal amount of $10,000,000 (collectively, the "1996 Notes"). Capitalized terms used and not otherwise defined herein shall have the meanings ascribed thereto in each Agreement. The Company has advised the Purchasers that the Company is at present in default under Section 5.16 of each of the Agreements, which defaults the Company hereby acknowledges. The Company has further advised the Purchasers that the Company is likely to continue to be so in default under Section 5.16 of each of the Agreements in the near future. The Company has accordingly requested certain waivers and amendments relating to Section 5.16 of each of the Agreements. In consideration of the premises herein set forth and the satisfaction of the Condition hereinafter described, the Company and the Purchasers hereby agree, effective upon the satisfaction of the Condition, as follows:
Sample 1
Principal Mutual Life Insurance Company. (the "Notes") and secured by a Deed of Trust, Security Agreement and Assignment of Rents, dated of even date therewith, and recorded on July 30, 1997 in Deed Book 3530, Page 145 in the Clerk's Office of the Circuit Court of the City of Chesapeake, Virginia (the "Deed of Trust") upon which Notes there now remains an aggregate outstanding principal balance of $4,304,140.77. To have and to hold the property hereby conveyed to the Grantee, its successors and assigns, in fee simple forever.
Sample 1

Examples of Principal Mutual Life Insurance Company in a sentence

  • The Manager in assuming responsibility for the various services as set forth in this Agreement reserves the right to enter into agreements with others for the performance of certain duties and services or to delegate the performance of some or all of such duties and services to Principal Mutual Life Insurance Company, or an affiliate thereof.

  • This Agreement shall continue in effect from year to year provided that the continuance is specifically approved at least annually either by the Board of Directors of the Fund or by a vote of a majority of the outstanding voting securities of the Fund and in either event by vote of a majority of the directors of the Fund who are not interested persons of the Manager, Principal Mutual Life Insurance Company, or the Fund cast in person at a meeting called for the purpose of voting on such approval.

  • No amendment of this Agreement shall be effective until approved by vote of the holders of a majority of the outstanding voting securities and by vote of a majority of the directors of the Fund who are not interested persons of the Manager, Invista, Principal Mutual Life Insurance Company or the Fund cast in person at a meeting called for the purpose of voting on such approval.

  • Management is aware that there are also private transactions in the Bank's common stock although the data set forth below may not reflect all such transactions.

  • INSURER means Principal Mutual Life Insurance Company and any other insurance company or companies named by the Trustee or Primary Employer.

  • Account shall mean the Principal Mutual Life Insurance Company Individual Retirement Account which has been established in accordance with Section 408 of the Code and consists of the terms and conditions herein set forth together with the provisions of the Application.

  • This fact alone probably accounts for the paucity of recommendations in these studies that governments seeking to maximise the benefits of trade, investment, and regulatory reform should tackle anti-competitive corporate practices.

  • The name of the corporation is Principal Life Insurance Company, by which name (or by the name Principal Mutual Life Insurance Company which it may continue to use subject to any applicable law) it shall do business and shall have and retain all its property, rights and privileges.

  • No amendment of this Agreement as to an Account shall be effective until approved by vote of the holders of a majority of the outstanding voting securities and by vote of a majority of the directors of the Fund who are not interested persons of the Manager, PGI, Principal Mutual Life Insurance Company or the Fund cast in person at a meeting called for the purpose of voting on such approval.

  • It shall continue in effect thereafter from year to year provided that the continuance is specifically approved at least annually either by the Board of Directors of the Fund or by a vote of a majority of the outstanding voting securities of the Account and in either event by vote of a majority of the directors of the Fund who are not interested persons of the Manager, Principal Mutual Life Insurance Company, PGI or the Fund cast in person at a meeting called for the purpose of voting on such approval.

Related to Principal Mutual Life Insurance Company

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Sponsored captive insurance company means a captive insurance company:

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Industrial insured captive insurance company means a company that insures risks of the industrial insureds that comprise the industrial insured group and their affiliated companies.

  • Association captive insurance company means a company that insures risks of the member organizations of the association and their affiliated companies.

  • Insurance premium finance company means a person engaged in the business of

  • Pure captive insurance company means a company that

  • Title Insurance Company as defined in Section 6.1(o).

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Borrower or any of its Restricted Subsidiaries, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of coinsurance in an amount up to $150,000,000) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth herein.

  • Insurance group means the persons that comprise an insurance holding company system.

  • Blanket insurance policy means a group policy covering a defined class of

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • Insurance Commissioner means the Insurance Commissioner

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Health insurance issuer means an insurance company, or insurance organization (including a health

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • Alaska Native Corporation (ANC) means any Regional Corporation, Village Corporation, Urban Corporation, or Group Corporation organized under the laws of the State of Alaska in accordance with the Alaska Native Claims Settlement Act, as amended (43 U.S.C. 1601, et seq.) and which is considered a minority and economically disadvantaged concern under the criteria at 43 U.S.C. 1626(e)(1). This definition also includes ANC direct and indirect subsidiary corporations, joint ventures, and partnerships that meet the requirements of 43 U.S.C. 1626(e)(2).

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.