TARCO definition

TARCO means Trenwick America Reinsurance Corporation, a Connecticut insurance company and wholly owned Subsidiary of the Company.
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TARCO shall have the meaning provided in Section 4.03(f) of the Holdings Guaranty.
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Examples of TARCO in a sentence

  • Except as otherwise mandated by law, regulations or other Governmental Authority, the Company will not: (i) permit any Subsidiary (other than TASCO) to engage in any business other than the run-off of its insurance business or the insurance business of any former Affiliate of such Subsidiary or (ii) permit TASCO to engage in any business other than that required to carry out its obligations under the TARCO Runoff Plan.

  • Subject to the timely receipt of the foregoing approvals, at least two Business Days prior to each Quarterly Distribution Date, the Company shall cause TARCO to distribute by dividend to the Company all cash available to TARCO at such time.

  • Each of Trenwick, TARCO and Trenwick International has no knowledge of any disputes as to reinsurance or retrocessional coverage under, or any terms of provisions of, any such Reinsurance Contract except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on Trenwick.

  • To the knowledge of Trenwick and TARCO and Trenwick International, the financial condition of any other party to any such Reinsurance Contract is not impaired to the extent that a default thereunder could reasonably be expected to occur.

  • The Company will not engage in any business except those related to being a holding company for the Capital Stock of TARCO and the indirect holding company of InsCorp, TASCO and each other Subsidiary of the Company as of the Effective Date, if any.

  • THE LIMITATION OF LIABILITY PROVISIONS OF THIS AGREEMENT REFLECT AN INFORMED VOLUNTARY ALLOCATION OF THE RISKS (KNOWN AND UNKNOWN) THAT MAY EXIST IN CONNECTION WITH THE DELIVERABLES AND THAT SUCH VOLUNTARY RISK ALLOCATION REPRESENTS A FUNDAMENTAL PART OF THE AGREEMENT BETWEEN THE CUSTOMER AND TARCO.

  • Notwithstanding anything to the contrary contained in the Credit Agreement or the Holdings Guaranty, TARCO shall be permitted to liquidate or cause to be liquidated Drayton Company Limited, its wholly-owned Subsidiary, and to provide an indemnity to the liquidator of such subsidiary for damages incurred by the liquidator in connection with such liquidation.

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