Everest Bermuda definition

Everest Bermuda shall have the meaning given to such term in the introductory paragraph of this Agreement.
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Everest Bermuda has the meaning set forth in the preamble;
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Everest Bermuda means Everest Reinsurance (Bermuda), Ltd., a corporation to be organized under the laws of Bermuda as a Wholly-Owned Subsidiary of Guarantor.
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Examples of Everest Bermuda in a sentence

  • All of the issued and outstanding shares of Capital Stock of Everest Bermuda and Everest International are directly owned and held by Everest Group.

  • The Borrowers will not, and will not permit or cause any of their respective Subsidiaries to, sell, assign, lease, convey, transfer or otherwise dispose of (whether in one or a series of transactions) any assets consisting of equity interests in any Subsidiary (other than Everest International or Everest Bermuda to the extent not prohibited by Section 9.1(l)), or grant any option or other right to purchase, lease or otherwise acquire any such assets.

  • If Everest Bermuda became subject to U.S. income tax on its income or if we became subject to U.S. income tax on more than immaterial amounts of income, our income could also be subject to the U.S. branch profits tax.

  • Everest Bermuda shall have paid all fees, costs and expenses (including legal fees and expenses) agreed in writing to be paid by it to the Issuer in connection herewith to the extent due (and, in the case of expenses (including legal fees and expenses), to the extent that statements for such expenses shall have been delivered to Everest Bermuda prior to the Closing Date).

  • The Borrowers will not permit or cause the financial strength rating of Everest Bermuda by A.M. Best Company to be lower than “A-” at any time.

  • Everest Re, Everest Bermuda and Everest National hold an “AA– (“Very Strong”)” financial strength rating from Standard & Poor’s Ratings Services.

  • Interview with Jean-Sebastien Munie – UNOCHA Head of Office, 27 July 2011.

  • Everest Bermuda may not be able to obtain any additional licenses that it determines are necessary or desirable.

  • We do not believe that Everest Bermuda has a permanent establishment in the United States.

  • Everest Bermuda may need to be licensed or admitted in additional jurisdictions to develop its business.

Related to Everest Bermuda

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Bermuda means the Islands of Bermuda;

  • Intermediate Holding Company means any Subsidiary of Holdings (of which Holdings, directly or indirectly, owns 100% of the issued and outstanding Equity Interests) that, directly or indirectly, owns 100% of the issued and outstanding Equity Interests of the Lead Borrower.

  • Holdings as defined in the preamble hereto.

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Charter Capital means Charter Communications Holdings Capital Corporation, a Delaware corporation, and any successor in interest thereto.

  • Foreign Holding Company means any Subsidiary all or substantially all of the assets of which are comprised of Equity Interests in one or more Foreign Subsidiaries or CFC Debt.

  • SPE Equity Owner is not applicable. Borrower will not be required to maintain an SPE Equity Owner in its organizational structure during the term of the Loan and all references to SPE Equity Owner in this Loan Agreement and in the Note will be of no force or effect.

  • Acquisition Subsidiary shall have the meaning set forth in the Preamble.

  • Mutual holding company means that term as defined in section 10(o) of the home owners' loan act, chapter 64, titles III and IX of Public Law 101-73, 12 U.S.C. 1467a, and OTS regulations governing mutual holding companies.

  • EAG clause 35;

  • CFC Holding Company means any Domestic Subsidiary that owns no material assets (directly or indirectly) other than Equity Interests and debt of one or more CFCs or Domestic Subsidiaries that are themselves CFC Holding Companies.

  • OpCo has the meaning set forth in the Preamble.

  • Canadian Subsidiaries means the Subsidiaries organized under the laws of Canada or any province, territory or other political subdivision thereof.

  • Intermediate Holdco as defined in the preamble to this Agreement.

  • UK Subsidiary means a Subsidiary organized under the laws of England and Wales.

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • Ultimate Parent means a Company, which owns not less than fifty-one percent (51%) equity either directly or indirectly in the Parent and Affiliates.

  • Intermediate Holdings shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Equity Capital means and includes (i) any and all ordinary shares, stock or other common or ordinary equity shares, interests, participations or other equivalents of or interests therein (however designated), including, without limitation, shares of preferred or preference shares, (ii) all partnership interests (whether general or limited) in any Person which is a partnership, (iii) all membership interests or limited liability company interests in any limited liability company, and (iv) all equity or ownership interests in any Person of any other type.

  • Australian Subsidiary means any Subsidiary that is organized under the laws of Australia or any territory thereof.