Reorganized LMFIC definition

Reorganized LMFIC means LMFIC on and after the effective date of its reorga- nization to a Massachusetts stock property and casualty insurance company with Liberty Mutual Holding Company pursuant to Section 175:19T of the Massachusetts General Laws.
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Reorganized LMFIC shall refer to LMFIC on and after the Effec- tive Date, as a Massachusetts reorganized stock insurance company and a wholly- owned subsidiary of Liberty Mutual Holding Company.
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Examples of Reorganized LMFIC in a sentence

  • From the Effective Date, at least fifty- one percent (51%) of the issued and outstanding voting stock of Reorganized LMFIC shall be owned, at all times, directly or indirectly, by Liberty Mutual Holding Company, and at least fifty-one percent (51%) of the issued and outstanding voting stock of any intermediate stock holding company shall be owned, at all times, directly or indirectly, by Liberty Mutual Holding Company.

  • As a result, Converted EIOW, Reorganized LMIC and Reorganized LMFIC will become indirect, wholly-owned subsidiaries of Liberty Mutual Holding Company.

  • The fiduciary duties of the directors extend to all members, regardless of whether they are policyholders in Wisconsin, Massachusetts or any other states or jurisdictions where Converted EIOW, Reorganized LMIC and Reorganized LMFIC write policies of insurance.

  • Assuming consummation of these above-mentioned transactions, Liberty Mutual Holding Company will contribute the shares of Converted EIOW and Reorganized LMFIC to LMG Massachusetts Holdings, which, in turn, will contribute such shares to LMGI.

  • As directors of Liberty Mutual Holding Company, the board will be responsible for carrying out what is in the interest of the policyholders of Reorganized LMIC, Reorganized LMFIC and Converted EIOW who are also the members of Liberty Mutual Holding Company.

  • The Global Transaction serves to bring Converted EIOW, Reorganized LMIC and Reorganized LMFIC under the common ownership of Liberty Mutual Holding Company.

  • The votes that Members currently exercise with respect to matters involving Converted EIOW may be diluted as a result of members of Converted EIOW, Reorganized LMIC and Reorganized LMFIC acquiring equity rights in Liberty Mutual Holding Company.

  • In this scenario, Reorganized LMFIC would become a wholly-owned stock subsidiary of Liberty Mutual Holding Company along with Reorganized LMIC.

Related to Reorganized LMFIC

  • Reorganized means, with respect to the Debtors, any Debtor or any successor thereto, by merger, consolidation or otherwise, on or after the Effective Date.

  • Reorganized Company means the Company, as reorganized pursuant to and under the Plan, on and after the Effective Date, or any successor or assign thereof.

  • Reorganized Debtor means a Debtor, or any successor or assign thereto, by merger, consolidation, reorganization, or otherwise, in the form of a corporation, limited liability company, partnership, or other form, as the case may be, on and after the Effective Date.

  • Reorganized Debtors means the Debtors on and after the Effective Date.

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Liquidation Trustee means the trustee appointed jointly by the Debtors and the Creditors’ Committee, and identified in the Plan Supplement, to serve as the liquidation trustee under the Liquidation Trust Agreement, or any successor appointed in accordance with the terms of the Plan and Liquidation Trust Agreement.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Disbursing Agent means the Reorganized Debtors or the Entity or Entities selected by the Debtors or the Reorganized Debtors, as applicable, to make or facilitate distributions pursuant to the Plan.

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • Reorganization Plan means a plan of reorganization in any of the Cases.

  • SCC means the Special Conditions of Contract.

  • Delaware Divided LLC means any Delaware LLC which has been formed upon consummation of a Delaware LLC Division.

  • Reorganization Cases means the cases filed by the Debtors under Chapter 11 of the Bankruptcy Code.

  • Delaware LLC means any limited liability company organized or formed under the laws of the State of Delaware.

  • Delaware LLC Act means the Delaware Limited Liability Company Act.

  • Surviving Entity has the meaning set forth in Section 2.1.

  • Parent Trustees means the Trustees elected or appointed pursuant to Articles 53 – 56 inclusive;

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Liquidating Agent has the meaning specified in Section 7.2(a).

  • Subsidiary Debtors means, collectively, Congoleum Sales, Inc. and Congoleum Fiscal, Inc.

  • Delaware Bank has the meaning specified in the preamble to this Trust Agreement.

  • UCA means Utah State Code Annotated 1953 as amended.

  • Surviving Company has the meaning set forth in Section 2.1.

  • DIP Motion means the motion filed by the Debtors seeking entry of the DIP Orders.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.