Examples of Special Termination in a sentence
However, any Subscribing Reinsurer that has its share terminated in accordance with the provisions of the Special Termination Article shall not be allowed to implement the provisions of this Article against the Company or, in the event the Assumption of Liability Endorsement is triggered, the Insured.
Notwithstanding the foregoing, this provision shall not apply to the Termination Event defined in subparagraph A(3) of the Special Termination Article.
No express or implied waiver by the Bank of any Event of Default or Special Termination Event shall in any way be a waiver of any future or subsequent Event of Default or Special Termination Event.
The Agency recognizes that in the event an Event of Default or Special Termination Event occurs, any remedy of law may prove to be inadequate relief to the Bank; therefore, the Agency agrees that the Bank, if the Bank so requests, shall be entitled to temporary and permanent relief in any such case.
For the avoidance of doubt, interest payable on an Interest Advance, Special Termination Advance or the Final Advance shall not be regarded as overdue unless such interest is not paid when due under Section 3.07.