Validus Re definition

Validus Re means Validus Reinsurance, Ltd., a company organized under the Laws of Bermuda.
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Validus Re means Validus Reinsurance, Ltd., a company organized under the Laws of Bermuda. “Wholly-Owned Subsidiary” of any Person means any subsidiary of such Person to the extent all of the capital stock or other ownership interests in such subsidiary, other than directors’ or nominees’ qualifying shares, is owned directly or indirectly by such Person.
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Examples of Validus Re in a sentence

  • The Company shall not permit the financial strength rating of Validus Re and each other Regulated Insurance Company that is material to the Company and its Subsidiaries, taken as a whole, to be less than “B++” from A.M. Best Company, Inc.

  • The Company shall ensure that Validus Re and each other Regulated Insurance Company that is material to the Company and its Subsidiaries, taken as a whole, has in effect, at all times, a current financial strength rating of no less than “B++” from A.M. Best Company, Inc.

  • The Company shall ensure that Validus Re and each other Regulated Insurance Company that is material to the Company and its Subsidiaries, taken as a whole, has in effect, at all times, a current financial strength rating of no less than "B++" from A.M. Best Company, Inc.

  • Validus Re, as the New Issuer and as the successor under the First Guarantee, from and after the date hereof, by virtue of the aforesaid assumption and the delivery of this Fifth Supplemental Indenture, shall succeed to, and be substituted for, and may exercise every right and power of, Validus UPS under the Indenture, and Validus UPS shall be discharged from all obligations and covenants under the Indenture and the Securities.

  • Validus Re, as the New Issuer and as the successor under the First Guarantee, appoints CT Corporation Systems as its agent in The City of New York for service of process in any action, suit or proceeding against it arising out of or in connection with this Indenture or the Securities.

  • While employed by the Company hereunder, the Executive shall perform his duties (when not traveling or engaged elsewhere outside the United States in the performance of his duties) at the offices of Validus Re in Bermuda or at such other place in Bermuda as the Company may in its discretion from time to time direct.

  • The Administrative Agent shall have received counterparts of this Fourth Amendment duly executed by (i) the Company, Validus Re, and each other Designated Subsidiary Account Party and (ii) the Required Lenders.

  • The Administrative Agent shall have received counterparts of this First Amendment duly executed by (i) the Company, Validus Re, and each other Designated Subsidiary Account Party and (ii) the Required Lenders.

  • This Agreement (including the exhibits attached hereto and the documents referred to herein) constitutes the entire agreement among the parties and supersedes any prior understandings, agreements or representations by or among the parties, written or oral, that may have related in any way to the subject matter hereof including, but not limited to, the initial Employment Agreement between the Company and the Executive dated as of December 5, 2005, the Validus Re, Ltd.

  • Validus Re, as the New Issuer and as the successor under the First Guarantee, hereby expressly assumes, from and after the date hereof, the due and punctual payment of the principal of, and any premium and interest (including any Additional Interest) on all the Securities and the performance of every covenant of the Indenture on the part of Validus UPS to be performed or observed.

Related to Validus Re

  • CMBI means Chase Manhattan Bank International, an indirect wholly-owned subsidiary of Bank, located in Moscow, Russia, and any nominee companies appointed by it.

  • CCC means Customer Care Centre

  • ECC means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.

  • Crop Tree means the largest undamaged conifer trees with good form and free of disease.

  • Holdco has the meaning set forth in the Preamble.