Common use of Liquidity Clause in Contracts

Liquidity. An adequate cash flow should be maintained to ensure that claims and operating expenses are paid on a timely basis. An operating cash position is to be maintained at appropriate levels and will be managed by the insurance operating company in accordance with the approved list for investments as determined from time to time by the Investment Committee. These securities will be managed by the Insurance Company as part of the Treasury function and currently are restricted primarily to Treasury and Agency securities of the U.S. government.

Appears in 9 contracts

Samples: Investment Agreement (Odyssey Re Holdings Corp), Investment Agreement (Odyssey Re Holdings Corp), Investment Agreement (Crum & Forster Holdings Corp)

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Liquidity. An adequate cash flow should shall be maintained to ensure that claims and operating expenses are paid on a timely basis. An operating cash position is to be maintained at appropriate levels and will be managed by the insurance operating company in accordance with the approved list for investments as determined from time to time by the Investment Committee. These securities will be managed by the Insurance Company as part of the Treasury function and currently are restricted primarily to Treasury and Agency securities of the U.S. government.

Appears in 8 contracts

Samples: Investment Agreement (Crum & Forster Holdings Corp), Investment Agreement (Crum & Forster Holdings Corp), Investment Agreement (Crum & Forster Holdings Corp)

Liquidity. An adequate cash flow should shall be maintained to ensure that claims and operating expenses are paid on a timely basis. An operating cash position is to be maintained at appropriate levels and will be managed by the insurance operating company in accordance with the an approved list for investments of liquid investments, as determined from time to time by the Investment Committeeinvestment committee. These securities will be managed by the Insurance Company insurance company as part of the Treasury treasury function and currently are primarily restricted primarily to Treasury treasury and Agency agency securities of the U.S. government.

Appears in 7 contracts

Samples: Investment Agreement (Crum & Forster Holdings Corp), Investment Agreement (Crum & Forster Holdings Corp), Investment Agreement (Crum & Forster Holdings Corp)

Liquidity. An adequate cash flow should be maintained to ensure that claims and operating expenses Expenses are paid on a timely basis. An operating cash position is to be maintained Maintained at appropriate levels and will be managed by the insurance operating company Company in accordance with the approved list for investments as determined from time to time by the Investment Committee. These securities will be managed by the The Insurance Company as part of the Treasury function and currently are restricted Restricted primarily to Treasury and Agency securities of the U.S. government.

Appears in 2 contracts

Samples: Investment Management Agreement (Odyssey Re Holdings Corp), Investment Management Agreement (Odyssey Re Holdings Corp)

Liquidity. An adequate cash flow should shall be maintained to ensure that claims and operating expenses are paid on a timely basis. An operating cash position is to be maintained at appropriate levels and will be managed by the insurance operating company in accordance with the approved list for investments as determined from time to time by the Investment Committee. These securities will be managed by the Insurance Company Newline Underwriting Management Limited as part of the Treasury function and currently are restricted primarily to Treasury and Agency securities of the U.S. government.

Appears in 1 contract

Samples: Odyssey Re Holdings Corp

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Liquidity. An adequate cash flow should be maintained to ensure that claims and operating expenses are paid on a timely basis. An operating cash position is to be maintained at appropriate levels and will be managed by the insurance operating company in accordance with the approved list for investments as determined from time to time by the Investment Committee. These securities will be managed by the Insurance Company Newline Underwriting Management Limited as part of the Treasury function and currently are restricted primarily to Treasury and Agency securities of the U.S. government.

Appears in 1 contract

Samples: Investment Agreement (Odyssey Re Holdings Corp)

Liquidity. An adequate cash flow should be maintained to ensure that claims and operating expenses are paid on a timely basis. An operating cash position is to be maintained at appropriate levels and will be managed by the insurance operating company in accordance with the approved list for investments as determined from time to time by the Investment Committee. These securities will be managed by the Insurance Company as part of the Treasury function and currently are restricted primarily to Treasury and Agency securities of the U.S. government.

Appears in 1 contract

Samples: Investment Management Agreement (Odyssey Re Holdings Corp)

Liquidity. An adequate cash flow should shall be maintained to ensure that claims and operating expenses are paid on a timely basis. An operating cash position is to be maintained at appropriate levels and will be managed by the insurance operating company in accordance with the approved list for investments as determined from time to time by the Investment Committee. These securities will be managed by the Transnational Insurance Company as part of the Treasury function and currently are restricted primarily to Treasury and Agency securities of the U.S. government.

Appears in 1 contract

Samples: Investment Management Agreement (Crum & Forster Holdings Corp)

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