Transferring Business definition

Transferring Business means, as at the Relevant Date, the part of the business of the Transferor which comprises the EEA Business;

Transferring Business means all the insurance and reinsurance business of Britannia, comprising:

Transferring Business means the French Med-mal Business as carried on by the Transferor on the Scheme Effective Date insofar as it comprises the Transferring Policies, the Transferring Assets, the Transferring Liabilities and the Transferring Contracts;

Examples of Transferring Business in a sentence

• It is proposed that the Transferring Business be transferred to the Transferee in accordance with this Scheme and that an Order be sought for the sanction of this Scheme.

• There will be no changes to the terms and conditions of any policy included within the Transferring Business as a result of the Scheme.

• On and with effect from the Effective Date, the Transferring Business shall by the Order and without any further act or instrument be transferred to and be vested in the Transferee in accordance with this Scheme.

• The Transferor and the Transferee shall each take such steps and execute such documents as may reasonably be required to effect or perfect the transfer to the Transferee of the Transferring Business.

• The amount of the liabilities of each external reinsurer of the Transferring Business will not change as a result of the Scheme.

More Definitions of Transferring Business

Transferring Business means the UK portfolio of general insurance and reinsurance business of the Transferor to be transferred to the Transferee pursuant to this Scheme, together with all activities carried on by the Transferor in relation or in connection thereto, and the Transferring Assets and the Transferring Liabilities, in each case to the extent not previously transferred to the Transferee on or following the relevant Subsequent Transfer Date, but in all cases excluding the Excluded Policies, Excluded Assets, Excluded Liabilities, Residual Policies, Residual Assets and Residual Liabilities;

Transferring Business means the entire business of SVB UK Branch carried on prior to the Transfer Date that does not constitute Excluded Business, together with all business ancillary thereto and all assets, rights, liabilities, transactions or arrangements held by or on behalf of SVB UK Branch from time to time, including without limitation all activities, information, records, products and services carried on in connection with or for the purposes of any such business;

Transferring Business means all books and records of the Vendor or of any BOOKS AND RECORDS" member of the Vendor's Group containing information relating to the Transferring Business or on which any information relating to the Transferring Business is recorded including, without limitation, all documents and other material (including, without limitation, all forms of computer or machine readable material);

Transferring Business means all the plant, machinery and other equipment PLANT AND MACHINERY" (including, without limitation, furniture, vehicles, spares, loose tools, fittings, partitioning and other items) owned or leased by (a) any member of the Vendor's Group and which are used wholly or predominantly in the Transferring Business or (b) a Company, in each case, at Completion;

Transferring Business means the whole of the business of FACL carried on as at the Transfer Date (including effecting or carrying out the Transferring Insurances, all activities carried on in connection with or for the purposes of FACL’s business, and any proposals for insurance not yet accepted) save to the extent that such business relates to the Retained Insurances or to the carrying on of insurance business in any jurisdiction to the extent that, if carried on prior to the Transfer Date, it would have resulted in the issue of further Retained Insurances;

Transferring Business means the entire undertaking of the UK Branch comprising the Transferring Assets and Transferring Liabilities;

Transferring Business means the Transferring Policies, the Transferring Assets and the Transferring Liabilities, excluding the Excluded Business;