Transferee Board definition

Transferee Board means the board of directors of the Transferee;
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Transferee Board means the board of directors of the Transferee from time to time;
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Examples of Transferee Board in a sentence

  • Any such cancellation shall occur upon issuing to the relevant Transferred Policyholders, without charge and in substitution for the cancelled units, new units of an equal value and as close in type and quality to the cancelled units as is reasonably practicable (as determined by the Transferee Board, having regard to the advice of the Transferee’s Actuary and the Fairness Committee) in another Linked Fund.

  • If any doubt or difference shall arise as to the allocation or attribution of any of the Transferred Business (including any Transferred Policy, Transferred Business Asset or Transferred Liability), or any Residual Asset or Residual Liability, in accordance with this Scheme, the same shall be determined by the Transferee Board, having regard to appropriate actuarial advice.

  • The pattern of distribution of the Scottish Widows Retained Account shall be determined by the Transferee Board, having taken account of Appropriate Actuarial Advice.

  • Any question as to whether any amount is a Relevant Liability shall be decided conclusively by the Transferee Board, having taken account of Appropriate Actuarial Advice.

  • Their conclusion is not that legislatures or courts should contemplate reconfiguring this part of tort law so that it returns to the pre-1963 sta- tus quo.

  • My thanks also go to Dawnita Neal and Austin Baccus, my editors, for their time and dedication.

  • The With Profits Actuary shall advise the Transferee Board and the With Profits Committee as to the proper operation of the With Profits Funds in accordance with the provisions of this Scheme and, in particular, as to any constraints which he may determine to be necessary in the operation of the With Profits Funds in order to safeguard the interests of, and TCF Requirements in respect of, the holders of Policies allocated to the With Profits Funds.

  • These contexts are thought of as forming a series of circumscribed, self-contained utterances all pointed in the same direction.

  • On the first occasion (after the Effective Date) that the Transferee Board, having taken account of Appropriate Actuarial Advice considers the Cumulative Operative Charge to be material, an amount equal to the Cumulative Operative Charge shall be credited to the Scottish Widows WPF Support Account and debited from the Scottish Widows WPF Further Support Account.

  • The With Profits Actuary shall, in respect of every Financial Year arising after the Effective Date, certify to the Transferee Board whether or not, in his opinion, the provisions of this Scheme have been complied with and been given effect to in all material respects in relation to the Scottish Widows With Profits Fund and Clerical Medical With Profits Fund.

Related to Transferee Board

  • Approved Transferee means (a) a “qualified institutional buyer” (“QIB”) as defined in Rule 144A promulgated under the Securities Act that is a financial institution or commercial bank having capital and surplus of $5,000,000,000 or more, (b) an affiliate of the Funding Lender, or (c) a trust or custodial arrangement established by the Funding Lender or one of its affiliates the beneficial interests in which will be owned only by QIBs.

  • Prospective Transferee means any Person to whom a Shareholder proposes to make a Proposed Transfer, including a Proposed Transfer by FEEL pursuant to Clause 2.3.

  • Permitted Transferee Any Transferee of a Residual Certificate other than a Disqualified Organization or Non-United States Person.

  • Transferee Any Person who is acquiring by Transfer any Ownership Interest in a Certificate.

  • Transferee Company means any company or body corporate established in the Islands or in any other jurisdiction.

  • Transferee Letter Defined in Section 13.16.

  • Principal Stockholder Transferee means any Person who acquires voting stock of the Corporation from the Principal Stockholder (other than in connection with a public offering) and who is designated in writing by the Principal Stockholder as a “Principal Stockholder Transferee.”

  • Disinterested Shareholder means a shareholder that is not an Insider to whom options may be granted under the Plan and they are not an Associate of any Insider.

  • Transferee Affidavit As defined in Section 5.03(n).

  • young person means a person who falls within the definition of qualifying young person in section 142 of the SSCBA.

  • Designated family member means any of the following:

  • ordinary member of the committee means a member of the committee who is not an officer of the Association under Rule 21;

  • Nomination Committee means the nomination committee of the Board established in accordance with Article 116;

  • Substitute Member means a Person who is admitted as a Member of the Company pursuant to Section 2.7 as a result of a Transfer of Shares to such Person.

  • Board of Supervisors means the Board of Supervisors of the County.

  • Authorized Transferee means a Qualified Trust of Xxxxx X. Xxxxxx or of any member of a Family Group that (a) would be a Permitted Transferee of the Partner engaging in a Transfer of Partnership Interests under the Certificate of Incorporation of each Company in which the Partnership owns Class B Shares, if such Partner were Transferring Class B Shares instead of Partnership Interests; (b) is eligible to be a Partner of the Partnership without causing any Class B Shares then held by the Partnership to be converted into Class A Shares pursuant to the applicable Certificate of Incorporation; and (c) is a Participating Stockholder of each Company whose Class B Shares are owned by the Partnership, but only if such Qualified Trust (i) is a Partner immediately prior to the Transfer of Partnership Interests to such Qualified Trust or (ii) prior to or simultaneously with such Transfer, executes and delivers to the Partnership a counterpart of this Agreement, executed by the trustee of such Qualified Trust, agreeing to be subject to the restrictions and obligations of a Partner hereunder and to hold all Partnership Interests then owned or later acquired by such Qualified Trust in accordance with the terms of this Agreement, such counterpart to be substantially in the form of Exhibit 1 hereto. In particular, a Qualified Trust may not necessarily qualify under clauses (a) and (b) above. Therefore, care must be given to ensure that, for purposes of determining whether a Qualified Trust is an Authorized Transferee, such Qualified Trust qualifies under clauses (a) and (b) above. In addition, an “Authorized Transferee” of a General Partnership Interest also includes a “Qualified Entity” (defined in Section 1.18 below).

  • the Board means the board of directors of the Company;

  • College board means the state board for community and

  • Subsequent Transferee has the meaning set forth in Section 4.06(b).

  • Disqualified Transferee means any Person who is a direct or indirect transferee of any Right from an Acquiring Person or an Affiliate of an Acquiring Person and became such a transferee (x) after the occurrence of a Common Stock Event or (y) prior to or concurrently with the Acquiring Person becoming such and received such Right pursuant to a transfer (whether or not for value) (A) from the Acquiring Person to holders of its Common Stock or other equity securities or to any Person with whom the Acquiring Person has any continuing agreement, arrangement, or understanding (whether or not in writing) regarding the transferred Right, or (B) which a majority of the Board reasonably determines is part of a plan, arrangement, or understanding (whether or not in writing) which has as a primary purpose or effect, the avoidance of Section 7(e) hereof.

  • Substitute Limited Partner means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.03 hereof.

  • Qualified Transferee means an “accredited investor” as defined in Rule 501 promulgated under the Securities Act.

  • Majority Shareholder means a holder of more than fifty percent (50%) of the outstanding stock of the Company, or if no person holds more than fifty percent (50%) of the outstanding stock of the Company, the holder of a plurality of the outstanding stock of the Company.

  • Eligible Transferee means and include a commercial bank, financial institution or other "accredited investor" (as defined in Regulation D of the Securities Act).

  • Transferee is a qualified institutional buyer" as defined in Rule 144A because (i) the Transferee is an investment company registered under the Investment Company Act of 1940, and (ii) as marked below, the Transferee alone owned and/or invested on a discretionary basis, or the Transferee's Family of Investment Companies owned, at least $100,000,000 in securities (other than the excluded securities referred to below) as of the end of the Transferee's most recent fiscal year. For purposes of determining the amount of securities owned by the Transferee or the Transferee's Family of Investment Companies, the cost of such securities was used, unless the Transferee or any member of the Transferee's Family of Investment Companies, as the case may be, reports its securities holdings in its financial statements on the basis of their market value, and no current information with respect to the cost of those securities has been published, in which case the securities of such entity were valued at market. ____ The Transferee owned and/or invested on a discretionary basis $____________________ in securities (other than the excluded securities referred to below) as of the end of the Transferee's most recent fiscal year (such amount being calculated in accordance with Rule 144A). ____ The Transferee is part of a Family of Investment Companies which owned in the aggregate $__________________ in securities (other than the excluded securities referred to below) as of the end of the Transferee's most recent fiscal year (such amount being calculated in accordance with Rule 144A).

  • Proposed Transferee has the meaning set forth in Section 2.4(a).