Common use of Adverse Order Clause in Contracts

Adverse Order. Any Insurance Subsidiary shall be the subject of a final non-appealable order imposing a fine in an amount in excess of $2,000,000 in any single instance or other such orders imposing fines in excess of $10,000,000 in the aggregate after the date of this Agreement by or at the request of any state insurance regulatory agency as a result of the violation by such Insurance Subsidiary of such state's applicable insurance laws or the regulations promulgated in connection therewith.

Appears in 1 contract

Sources: Revolving Credit Agreement (Lawyers Title Corp)

Adverse Order. Any Material Insurance Subsidiary shall be the subject of a final non-appealable order imposing a fine in an amount in excess of $2,000,000 10,000,000 in any single instance or other such orders imposing fines in excess of $10,000,000 25,000,000 in the aggregate after the date of this Agreement by or at the request of any state insurance regulatory agency as a result of the violation by such Material Insurance Subsidiary of such state's applicable insurance laws Laws or the regulations promulgated in connection therewith.

Appears in 1 contract

Sources: Credit Agreement (Safeco Corp)

Adverse Order. Any Insurance Subsidiary shall be the subject of a final non-appealable order imposing a fine in an amount in excess of $2,000,000 10,000,000 in any single instance or other such orders imposing fines in excess of $10,000,000 25,000,000 in the aggregate after the date of this Agreement by or at the request of any state insurance regulatory agency as a result of the violation by such Insurance Subsidiary of such state's applicable insurance laws Laws or the regulations promulgated in connection therewith.; or

Appears in 1 contract

Sources: Credit Agreement (Odyssey Re Holdings Corp)

Adverse Order. Any Material Insurance Subsidiary shall be the subject of a final non-appealable order imposing a fine in an amount in excess of $2,000,000 10,000,000 in any single instance or other such orders imposing fines in excess of $10,000,000 25,000,000 in the aggregate after the date of this Agreement by or at the request of any state insurance regulatory agency as a result of the violation by such Material Insurance Subsidiary of such state's applicable insurance laws or the regulations promulgated in connection therewith.

Appears in 1 contract

Sources: Credit Agreement (Safeco Corp)

Adverse Order. Any Material Insurance Subsidiary shall be the subject of a final non-appealable order imposing a fine in an amount in excess of $2,000,000 50,000,000 in any single instance or other such orders imposing fines in excess of $10,000,000 75,000,000 in the aggregate after the date of this Agreement by or at the request of any state insurance regulatory agency as a result of the violation by such Material Insurance Subsidiary of such state's ’s applicable insurance laws Laws or the regulations promulgated in connection therewith.

Appears in 1 contract

Sources: Credit Agreement (Safeco Corp)