AGENCY SALE OR TRANSFER. 12.1 In the event a controlling interest (10% or more of outstanding shares) of the Managing General Agent is to be sold or transferred or the Managing General Agent is to merge or be consolidated with another firm (not affiliated with current ownership), the Managing General Agent shall give thirty (30) days advance written notice to the Company.
Appears in 3 contracts
Samples: Managing General Agency Agreement, General Agency Agreement (Affirmative Insurance Holdings Inc), Hallmark Financial Services Inc
AGENCY SALE OR TRANSFER. 12.1 In the event a controlling majority interest (10% or more of outstanding controlling shares) of the Managing General Agent is to be sold or transferred or the Managing General Agent is to merge or be consolidated with another firm (not affiliated with current ownership), the Managing General Agent shall give thirty (30) days advance written notice to the Company.
Appears in 2 contracts
Samples: General Agency Agreement, General Agency Agreement (Affirmative Insurance Holdings Inc)
AGENCY SALE OR TRANSFER. 12.1 In the event a controlling interest (10% or more of outstanding shares) of the Managing General Agent is to be sold or transferred or the Managing General Agent is to merge or be consolidated with another firm (not affiliated with current ownership), the Managing General Agent shall give thirty (30) days advance written notice to the Company.. Under any of these circumstances, the Company may:
Appears in 1 contract
