Regulatory Transaction definition
Regulatory Transaction means any merger or consolidation of a Borrower with or into, or any purchase or acquisition by a Borrower of the assets of (and any related assumption by such Borrower of the liabilities of) any utility company or utility-related company, if such transaction is undertaken pursuant to an order or request of, or otherwise in fulfillment of the stated goals of, a utility regulatory agency having jurisdiction over NU or any of its Subsidiaries.
Regulatory Transaction means a security or other instrument in a transaction submitted to one or more state insurance departments for review and approval under the regulatory framework of the state or states. The term Regulatory Transaction is more broadly defined as a transaction engineered to address a regulatory concern one or more insurers have or may have that should be submitted to a state insurance department for approval and that has as a component a security or other instrument which on a stand-alone version may be an Investment Security, as defined in this Manual, that is eligible for assignment of an NAIC Designation.
Regulatory Transaction means any merger or consolidation of a Borrower with or into, or any purchase or acquisition by a Borrower of the assets of (and any related assumption by such Borrower of the liabilities of) any utility company or utility-related company, if such transaction is undertaken pursuant to an order or request of, or otherwise in fulfillment of the stated goals of, a utility regulatory agency having jurisdiction over NU or any of its Subsidiaries. 'REGULATORY TRANSACTION ENTITY' means any utility company or utility-related company (other than a Borrower) that is the subject of a Regulatory Transaction.
Examples of Regulatory Transaction in a sentence
Refer to the Regulatory Transaction Limitations section of this Agreement for further detail.