SALIC definition

SALIC is defined in the preamble.
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SALIC has the meaning set forth in the Preamble. For the avoidance of doubt, the term “SALIC” also includes “SALIC” in its capacity as a debtor in its Chapter 11 Case.
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SALIC means Scottish Annuity & Life Insurance Company (Cayman) Ltd.
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Examples of SALIC in a sentence

  • Likewise, to the extent amounts were paid by SALIC within the relevant periods before the Petition Date, such amounts are identified on the Statements.

  • The guidance makes clear that if a first responder thinks a person is a potential victim of trafficking or slavery, they must consider a referral into the NRM so a trained specialist can investigate further.

  • The primary objective of the Department would be to protect the interests of the policyholders and ceding insurers with whom SRUS has contracted and would not be to protect the interests of SRGL, SALIC, the shareholders or any other stakeholders of the Company.

  • A first-tier investment bank selected by SALIC from a list of three names submitted by the Company shall be engaged by SALIC to act as Global Coordinator and bookrunner of the Secondary Public Offering (the “Global Coordinator”).

  • On the other hand, VDQ represents and warrants to SALIC that on this date VDQ is not a party to any agreement that conflicts with the provisions under this Agreement.

  • Purchaser shall have received a certificate to such effect dated the Closing Date and executed by a duly authorized officer of SALIC.

  • All costs of the Secondary Public Offering of shares owned by SALIC shall be borne by SALIC, which shall be liable for negotiating any agreements that result in costs to be borne by it.

  • Except as set forth on Section 3.21(c) of the SALIC Disclosure Schedule, since January 1, 2014, there has not been any dispute with respect to any material amounts recoverable or payable by any of the Scottish Insurance Companies pursuant to any Reinsurance Contract or Reserve Financing Contract and no reinsurer or ceding party has sought to deny or limit coverage or revoke, terminate, rescind or change, in accordance with the terms of any Reinsurance Contract, reinsurance premiums or expense allowances.

  • To the Knowledge of SALIC, no data provided in connection with the preparation of such actuarial reports was materially inaccurate.

  • To the Knowledge of SALIC, there are, and since January 1, 2014 there have been, (i) no activities or proceedings of any labor union to organize any Employees or employees of SALIC dedicated to the business of the SALIC Group Companies.


More Definitions of SALIC

SALIC has the meaning ascribed to such term in the Preamble to this Term Sheet. “SALIC Non-Debtor Subsidiaries” means SFL and SALIC Subsidiaries (other than SHI). “SHI” has the meaning ascribed to such term in the Preamble to this Term Sheet. “SRGL” has the meaning ascribed to such term in the Preamble to this Term Sheet. Overview of Alternative Transaction:1 As contemplated by the Bidding Procedures Order, the proposed Alternative Transaction (as such term is defined in the Bidding Procedures Order) embodied in the Stock Purchase Agreement and the Term Sheet provides the following: (a) Hildene Re Holdings, LLC shall receive at least 70% of the equity of the Reorganized SALIC; (b) holders of Allowed TruPS Claims can elect to receive their Pro Rata share of either (i) 30% of the equity of the Reorganized SALIC (the “TruPS Offered Shares” and such amount of TruPS Offered Shares to be distributed to all holders of Allowed TruPS Claims electing for TruPS Offered Shares, the “TruPS Shares”) or (ii) the Plan Funding Payment available for distribution to unsecured creditors (the “TruPS Offered Cash” and such amount of cash to be distributed to all holders of Allowed TruPS Claims electing for TruPS Offered Cash, the “TruPS Cash”)2. 1 This Term Sheet outlines the proposed chapter 11 plan to implement the transaction embodied in the Stock Purchase Agreement and the Filed Plan shall be modified to implement the transaction set forth therein and herein. The Term Sheet does not include a description of all of the terms, conditions, and other provisions that are to be contained in the definitive documentation governing the Alternative Transaction (e.g. the Plan Supplement), which remain subject to further discussion and negotiation.
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SALIC or the "Borrower"), SCOTTISH RE GROUP LIMITED, an exempted company limited by shares organized and existing under the laws of the Cayman Islands (the "Parent"), each subsidiary of the Parent listed as a "Guarantor" on the signature pages hereto or which becomes a Guarantor on or after the Effective Date pursuant to a Guaranty in substantially the form annexed hereto as Exhibit A (together with the Parent, each a "Guarantor" and collectively, the "Guarantors"), the lenders from time to time party hereto (each a "Lender" and collectively, the "Lenders"), and Ableco Finance LLC, as agent for the Lenders (in such capacity, together with any successor agent, the "Agent").
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SALIC has the meaning specified therefor in the preamble.
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SALIC means Scottish Annuity & Life Insurance Company (Cayman) Ltd., an exempted company limited by shares organized and existing under the laws of the Cayman Islands.
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Related to SALIC

  • coronavirus means severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2);

  • THC means tetrahydrocannabinol.

  • TELRIC means Total Element Long-Run Incremental Cost.

  • SWDocID [[6027980]]" "" [[6027980]] elect or decline, in its sole discretion, to provide a New Commitment. Such New Commitments shall become effective as of such Increased Amount Date, and in the case of Incremental Term Loans, shall be made on such Increased Amount Date; provided that (i) the conditions set forth in paragraphs of (b) and (c) of Section 4.02 shall be satisfied or waived by the Required Lenders on such Increased Amount Date before or after giving effect to such New Commitments and Loans; (ii) such increase in the Revolving Facility Commitments and/or the Incremental Term Loans shall be evidenced by one or more joinder agreements executed and delivered to Administrative Agent by each New Lender, as applicable, and each shall be recorded in the register, each of which shall be reasonably satisfactory to the Administrative Agent and subject to the requirements set forth in Section 2.17(f); and (iii) the Borrower shall make any payments required pursuant to Section 2.16 in connection with the provisions of the New Commitments; provided that, with respect to any Incremental Term Loans incurred for the primary purpose of financing a Limited Conditionality Acquisition (“Acquisition-Related Incremental Term Loans”), clause (i) of this sentence shall be deemed to have been satisfied so long as (A) as of the date of execution of the related Limited Conditionality Acquisition Agreement by the parties thereto, no Default shall have occurred and be continuing or would result from entry into such Limited Conditionality Acquisition Agreement, (B) as of the date of the borrowing of such Acquisition-Related Incremental Term Loans, no Event of Default under Section 7.01(a), 7.01(b), 7.01(h) or 7.01(i) is in existence immediately before or after giving effect (including on a Pro Forma Basis) to such borrowing and to any concurrent transactions and any substantially concurrent use of proceeds thereof, (C) the representations and warranties of the Loan Parties set forth in this Agreement and the other Loan Documents shall be true and correct in all material respects as of the date of execution of the applicable Limited Conditionality Acquisition Agreement by the parties thereto, except to the extent any such representations or warranties are expressly limited to an earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such specified earlier date (provided that no materiality qualifier set forth in this subclause (C) shall be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) and (D) as of the date of the borrowing of such Acquisition-Related Incremental Term Loans, customary “Sungard” representations and warranties (with such representations and warranties to be reasonably determined by the Lenders providing such Acquisition-Related Incremental Term Loans) shall be true and correct in all material respects immediately before and after giving effect to the incurrence of such Acquisition-Related Incremental Term Loans, except to the extent any such representations or warranties are expressly limited to an earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such specified earlier date (provided that no materiality qualifier set forth in this subclause (D) shall be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof).

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • IOSCO means the International Organisation of Securities Commissions.

  • PSC means the New York State Public Service Commission.

  • We/Our/Us means the Underwriters named in the Schedule.

  • snippetLinks [{"key":"specifically","type":"clause","offset":[20,32]},{"key":"provided-herein","type":"clause","offset":[33,48]},{"key":"at-the-closing","type":"clause","offset":[50,64]},{"key":"the-parties-shall","type":"clause","offset":[65,82]},

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • We/Us/Our means TATA AIG General Insurance Company Limited.

  • SOFRi means the SOFR for:

  • snippet means with respect to any Material Contract, a consent and agreement in favor of the Term Loan Collateral Agent (for the benefit of the Secured Parties) in substantially the form attached hereto as Exhibit F or otherwise in form and substance reasonably satisfactory to the Term Loan Collateral Agent and the Administrative Agent.","hash":"b253905eac2329f4ce5deee359573d97","id":7},{"snippetLinks":[{"key":"the-consent","type":"clause","offset":[6,17]},{"key":"dated-as-of","type":"definition","offset": [32,43]},{"key":"march","type":"clause","offset":[44,49]},{"key":"the-bank","type":"clause","offset":[72,80]},{"key":"sumitomo","type":"definition","offset":[87,95]},{"key":"heavy","type":"clause","offset":[96,101]},{"key":"industries","type":"clause","offset":[102,112]},{"key":"ltd","type":"clause","offset":[114,117]},{"key":"solely-for-purposes-of- section","type":"clause","offset":[120,150]},{"key":"borrower-and","type":"clause","offset":[173,185]},{"key":"certain","type":"clause","offset":[186,193]},{"key":"subsidiaries","type":"clause","offset":[208,220]}],"samples":[{"uri":"/contracts/8I1kKDYnIWF#consent-and-agreement","label":"Loan and Security Agreement (Axcelis Technologies Inc)","score":21},{"uri":"/contracts/ef30eXHgcuS#consent-and-agreement","label":"Loan and Security Agreement (Axcelis Technologies Inc)","score":21},{"uri":"/contracts/dwF8yXcI2kh#consent-and-agreement","label":"Loan and Security Agreement (Axcelis Technologies Inc)","score":21}],"size":6,"snippet":"means the Consent and Agreement dated as of March 30, 2009 by and among the Bank, SEN, Sumitomo Heavy Industries, Ltd. (solely for purposes of Section 2(b) thereunder), the Borrower and certain of Borrower’s Subsidiaries named therein.","hash":"e15b2264efd3078b83ce802817c2631f","id":8},{"snippetLinks":[{"key":"a-consent","type":"clause","offset":[6,15]},

  • Best management practice (BMP means a structural device or nonstructural practice designed to temporarily store or treat stormwater runoff in order to mitigate flooding, reduce pollution, and provide other amenities.

  • EUMA means the “SAP Delivered Support Agreement” which sets out the terms and conditions under which SAP provides support to End Users and which will be provided by SAP on a deal by deal basis.

  • EG means the Enforcement Guide;

  • FMCSA means Federal Motor Carrier Safety Administration.

  • CIMA means the Cayman Islands Monetary Authority whose contact details are available from www.cima.ky;

  • Siemens means Siemens AG (Germany) and its Affiliates.

  • Diatomaceous earth filtration means a process resulting in substantial particulate removal in which a precoat cake of diatomaceous earth filter media is deposited on a support membrane (septum), and while the water is filtered by passing through the cake on the septum, additional filter media known as body feed is continuously added to the feed water to maintain the permeability of the filter cake.

  • IDT means intradepartmental transfer.

  • DfE means Department for Education;

  • dwarfism means a medical or genetic condition resulting in an adult height of 4 feet 10 inches (147 centimeters) or less;

  • Central fill pharmacy means a pharmacy contracting with an originating pharmacy, or having the same owner as an originating pharmacy, that provides centralized prescription drug order filling on behalf of the originating pharmacy pursuant to these rules.

  • STSMA means the Sectional Titles Schemes Management Act 8 of 2011, as amended and include the Regulations issued under the said act;

  • PCC means the Particular Conditions of Contract;