Tower Group definition
Examples of Tower Group in a sentence
The Reinsurer shall indemnify the Company for 85% of the paid portion of all Ultimate Net Loss and Loss Adjustment Expenses arising out of the Company’s Brokerage Business on a provisional basis adjusted to the actual percentage of the Reinsurer’s Brokerage Business over the total Brokerage Business written by the Company and companies of the Tower Group Inc.
For the avoidance of doubt, all other property of the Tower Group Members, including any Tower LLC Spread and proceeds thereon, shall be either (i) transferred to Holdings, the Company Borrower and/or the Company Subsidiary Guarantors or (ii) transferred to Onex or an affiliate thereof subject to the continuing Lien of the Administrative Agent in favor of the Secured Parties, in each case upon the consummation of the Tower Borrower Release.
Each notice pursuant to this Section 5.5.A shall be accompanied by a statement of a Responsible Officer of the Tower Borrower setting forth details of the occurrence referred to therein and stating what action the relevant Tower Group Member proposes to take with respect thereto.
ACP, AmTrust and National General Holdings Corporation, a Delaware corporation ("National General") are entering into a series of agreements by which ACP has agreed to acquire Tower Group International, Ltd.
All notices hereunder shall be delivered as set forth below, or pursuant to such other instructions as may be designated in writing by the party to receive such notice: If to Parent or Merger Sub, to: Tower Group, Inc.
ACP Re, Ltd., a Bermuda corporation (the “Seller”), AmTrust Financial Services, Inc., a Delaware corporation (“AmTrust”), and National General Holdings Corporation, a Delaware corporation (“National General”) are jointly entering into a series of related agreements for the purpose of acquiring Tower Group International, Ltd.
ACP Re, Ltd., a Bermuda corporation (the “Seller”), AmTrust Financial Services, Inc., a Delaware corporation (“AmTrust”), and National General Holdings Corporation, a Delaware corporation (“National General”) are entering into a series of agreements by which Seller has agreed to acquire Tower Group International, Ltd.
By Assignment of Lease dated as of June 30, 2006 (the “Assignment Agreement”), TICNY assigned all of its right, title and interest as tenant under the Lease to Tower Group, Inc.
The Tower Group is not a Party to any Tax allocation or sharing agreement.
Except as set forth on Schedule 3.3 or in respect of any obligation to indemnify any officer or director of the Tower Group pursuant to any certificate of incorporation, by-law or similar document, or in any employment agreement identified in the Schedules to this Agreement, the Tower Group is not a guarantor or otherwise directly or indirectly liable for any actual or potential Liability of any of its officers, directors or employees other than members of the Tower Group.