ZIC definition
Examples of ZIC in a sentence
Such opinion shall be in the format prescribed by the Applicable Insurance Code of the state of domicile of ZIC.
The Company shall not permit the Risk-Based Capital of ZIC, as reported on a combined basis as of the end of any fiscal quarter, to fall below 150%.
Goods supplied under the Contract shall be fully insured by Zanzibar Insurance Co-operation (ZIC).
Subject to the terms and conditions set forth in this Agreement, ZIC hereby irrevocably grants and issues to KILICO the right and option (the “Put Right”) during the Option Period to cause and require ZIC to purchase from KILICO one or more Surplus Notes in an aggregate principal amount not to exceed US$300,000,000 (the “Aggregate Principal Option Amount”).
The Risk-Based Capital of ZIC on a combined basis is % (cannot be less than 145%).
Zenith's and ZIC's respective Articles of Incorporation and By-Laws are in full force and effect, and Zenith and ZIC are not in any material way in violation of any of the provisions of their respective Articles of Incorporation and By-Laws.
The payment and performance of all indebtedness and other obligations of Borrower to Bank shall be guaranteed jointly and severally by ZIC II, LLC; ZUMIEZ DISTRIBUTION LLC; ZUMIEZ INTERNATIONAL, LLC; ZUMIEZ NEVADA, LLC; ZUMIEZ PUERTO RICO LLC and ZIC, LLC, (the “Guarantors”, and together with Borrower, the “Loan Parties”) as evidenced by and subject to the terms of guaranties in form and substance satisfactory to Bank.
Reliance further represents and acknowledges that, except as contained in this Agreement, the Selling Stockholders have made no representations or warranties of any kind of nature whatsoever with respect to Zenith or ZIC, or as to the value of the Tendered Shares.
The Company shall use the proceeds of the Loans for the capitalization of ZIC, for working capital, other general corporate purposes and acquisitions that are negotiated and consummated with the consent of the company to be acquired and, in each case that are not in contravention of any Requirement of Law or of any Loan Document.
The Proposed Subscription will enable LBGB to part funding the ZIC project via NWP and to retain control of the ZIC project via NWP.