Syndicate 2020 definition

Syndicate 2020 means Syndicate 2020 at Lloyd’s as managed by Wellington Underwriting Agencies Limited on 21 June 2002;
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Syndicate 2020 means Syndicate 2020 at Lloyd's as managed by WUAL on 21 June 2002;
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Syndicate 2020 has the meaning given to it in the Original Shareholders Agreement or the Shareholders Agreement, as applicable;
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Examples of Syndicate 2020 in a sentence

  • For a commentary, see Joseph E Stiglitz, “Reclaiming America’s Greatness”, Project Syndicate, 2020, https://www.project-syndicate.

  • As at 31 December 2021, Brit Insurance Services USA, LLC owed$41.2m of premiums to the Syndicate (2020: $55.0m).

  • The options conferred to the members of Syndicate 2020 are held for their benefit by Appleby Services (Bermuda) Ltd.

  • The investor options were issued on June 21, 2002 in consideration for the transfer of an underwriting team from Wellington Underwriting plc ("Wellington"), the right to seek to renew certain business written by Syndicate 2020, an agreement in which Wellington agreed not to compete with Aspen Re through March 31, 2004, the use of the Wellington name and logo and the provision of certain outsourced services to the Company.

  • All reinsurances (excess of loss or otherwise) purchased by Syndicate 2020, Wellington Underwriting, to be for common account, other than Whole Account Stop Loss.

  • In the event that all unaligned members of Syndicate 2020 choose the all-cash option, compensation payable would total approximately £127 million.

  • The Reinsurer shall hereon follow the fortunes of Syndicate 2020, Wellington Underwriting and the Reinsured in respect of all original business and all common account reinsurances which are the subject matter of this reinsurance.

  • The investor options confer the option to subscribe for up to 6,787,880 ordinary shares of Aspen to Wellington and Appleby Trust (Bermuda) Limited (formerly Harrington Trust Limited) (the "Names' Trustee") on behalf of the members of Syndicate 2020 who are not corporate members of Wellington.

  • The Company conferred the option to subscribe for up to 6,787,880 ordinary shares of Aspen Holdings to Wellington and members of Syndicate 2020 who were not corporate members of the Lloyd’s syndicate managed by Wellington (“the Wellington Names”).

  • It is a pity that the parties were not asked to make submissions to clear up this matter.


More Definitions of Syndicate 2020

Syndicate 2020 or the “Wellington Syndicate” means syndicate 2020 at Lloyd’s;
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Related to Syndicate 2020

  • Syndication Date means the earlier of (i) the date which is 60 days after the Closing Date and (ii) the date on which the Administrative Agent determines in its sole discretion (and notifies the Borrower) that the primary syndication (and the resulting addition of Lenders pursuant to Section 10.07(b)) has been completed.

  • Co-Syndication Agent means each of Bank of America, N.A. and Xxxxx Fargo Bank, National Association in its capacity as co-syndication agent for the credit facility evidenced by this Agreement.

  • Syndication Agents as defined in the preamble hereto.

  • Syndication means an extension of credit in which two or more persons fund and each person is at risk only up to a specified percentage of the total extension of credit or up to a specified dollar amount.

  • Co-Syndication Agents as defined in the preamble hereto.

  • Syndication Agent as defined in the preamble hereto.

  • Lender Fee Letter means each fee letter agreement that shall be entered into by and among the Borrower, the Servicer, the applicable Lender and its related Lender Agent in connection with the transactions contemplated by this Agreement, as amended, modified, waived, supplemented, restated or replaced from time to time.

  • Arranger Fee Letter means that certain Arranger Fee Letter related to this Agreement, entered into by the Company and dated November 23, 2015.

  • Arrangers as defined in the preamble hereto.

  • Sole Lead Arranger means SunTrust Xxxxxxxx Xxxxxxxx, Inc., in its capacity as sole lead arranger in connection with this Agreement.

  • Lead Arranger as defined in the preamble hereto.

  • Joint Lead Arrangers and Bookrunners means Credit Suisse Securities (USA) LLC, Citigroup Global Markets, Inc., Deutsche Bank Securities Inc., Xxxxxxx Xxxxx Credit Partners L.P., HSBC Securities (USA) Inc., Xxxxxx Brothers Inc. and Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated.

  • Revolving Facility means the facility under which Borrower may request Bank to issue Advances, as specified in Section 2.1(a) hereof.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • GE Capital Fee Letter means that certain letter, dated as of the Closing Date, between GE Capital and Borrower with respect to certain Fees to be paid from time to time by Borrower to GE Capital.

  • Joint Bookrunner means Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated, X.X. Xxxxxx Securities LLC and RBC Capital Markets(3), each in its respective capacity as a bookrunner under this Agreement, and “Joint Bookrunners” means all of them, collectively.

  • Lead Arrangers means Xxxxxxx Xxxxx Bank USA, Barclays Bank PLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., KKR Capital Markets LLC, Citigroup Global Markets Inc. and UBS Securities LLC.

  • Arranger means Banc of America Securities LLC, in its capacity as sole lead arranger and sole book manager.

  • Documentation Agent as defined in the preamble hereto.

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Joint Bookrunners means Xxxxxxx Xxxxx Bank USA, Barclays Bank PLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., KKR Capital Markets LLC, Citigroup Global Markets Inc. and UBS Securities LLC.

  • Documentation Agents as defined in the preamble hereto.

  • Bank of America Fee Letter means the letter agreement, dated as of September 28, 2018 between the Borrower and Bank of America.

  • Bookrunners means Arrangers, in their capacity as joint lead arrangers and joint bookrunners.

  • Joint Lead Arranger as defined in the preamble hereto.