SICL definition

SICL has the meaning set forth in the Recitals.
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Examples of SICL in a sentence

  • To the Knowledge of Seller, except for SICL, none of the Acquired Companies has a permanent establishment or other taxable presence in any foreign country, as defined under applicable foreign law or in any applicable Tax treaty or convention between the United States and such foreign country.

  • Seller owns the Agency Shares, and the Agency owns the SICL Shares and SIC Shares, in each case beneficially and of record, free and clear of any Lien.

  • Seller is a corporation duly incorporated, validly existing and in good standing under the laws of the State of California, the Agency is a corporation duly incorporated, validly existing and in good standing under the laws of the State of California, SIC is an insurance company duly organized, validly existing and in good standing under the laws of the State of California and SICL is an insurance company duly organized, validly existing and in good standing under the laws of Bermuda.

  • The authorized capital stock of SICL consists of 120,000 shares of common stock, par value $1.00 per share, of which 120,000 shares, constituting the SICL Shares, are issued and outstanding.

  • Each of the Agency Shares, the SIC Shares and the SICL Shares have been duly authorized and validly issued and are fully paid and nonassessable.