Predecessor Firm definition

Predecessor Firm means any partnership, professional association, limited liability partnership, corporation or limited liability company which has undergone dissolution, and as to which the Named Insured is the majority successor in interest to its financial assets and liabilities.

Predecessor Firm means any sole proprietorship, partnership, professional corporation, professional association, limited liability corporation or limited liability partnership engaged in legal services and to whose financial assets and liabilities the firm listed as the Named Insured in the Declarations is the majority successor in interest.

Predecessor Firm means any entity that, prior to the Retroactive Date set forth in Item 7. in the Declarations, is dissolved or inactive and is no longer rendering Professional Services, and more than fifty percent (50%) of such entity’s assets and liability have been assigned, acquired or transferred to the Insured.

Examples of Predecessor Firm in a sentence

• Predecessor Firm means any legal entity that was engaged in the practice of law, and to whose financial assets and liabilities the entity or individual identified in Question 1 above is the majority successor in interest (51% or more).

• Yes No If “Yes” to a or b above, complete the Predecessor Firm Supplement.

• Network and Information Security Offense,by the Named Insured or any Predecessor Firm, or by any other Insured while acting within the scope of their duties on behalf of the Named Insured or any Predecessor Firm.

• We are pleased to respond to the request for comments from the Public Company Accounting Oversight Board (the “PCAOB” or the “Board”) on both its Proposed Rules on Periodic Reporting by Registered Public Accounting Firms, PCAOB Rulemaking Docket Matter No. 019 (May 23, 2006), and its Proposed Rules on Succeeding to the Registration Status of a Predecessor Firm, PCAOB Rulemaking Docket Matter No. 020 (May 23, 2006).

• Predecessor Firm means any firm no longer in existence for which the applicant firm obtained the majority of such firm’s assets and liabilities.

More Definitions of Predecessor Firm

Predecessor Firm means any entity which has undergone dissolution and the financial assets and liabilities of which the Named Insured is the majority successor in interest.

Predecessor Firm means any law firm no longer in existence from which the Named Insured previously acquired at least 50% of the assets, liabilities, and lawyers.

Predecessor Firm means any accounting firm disclosed as such to us whose financial assets and liabilities the named insured is the majority successor in interest; provided such entity is listed in the Predecessor Firm Endorsement attached to this policy.

Predecessor Firm means any sole proprietorship, partnership, corporation, professional association, limited liability corporation or limited liability partnership engaged in Professional Services and to whose financial assets and liabilities the Named Insured is the successor in interest.

Predecessor Firm in this application means any law firm or professional legal corporation of which the majority of lawyers are now affiliated with the Applicant.)

Predecessor Firm means any law firm to whose liabilities the NAMED INSURED is the majority successor in interest.

Predecessor Firm means the lawyer or entity named in Item 1b. of the Declarations who was engaged in the practice of law to whose financial assets and liabilities the Firm named in Item 1a. of the Declarations is the majority successor in interest.