Fronting. CNA will front for IGF in all Territories and CNA will further keep in effect during the pendency of this Agreement all necessary licenses so that CNA may act as a fronting company for IGFH in the types of business contemplated by this Agreement. CNA will use its best efforts to keep such licenses in place during the pendency of this Agreement. In the event of the exercise of a Put or Call Right, the Fronting arrangement shall cease as of the last day of the current Crop Year in which the Put or Call Right is exercised.
Fronting. If the Company becomes aware or has a reasonable suspicion that any fronting (the offense under section 130(1) of the Broad-Based Black Economic Empowerment Act, No. 53 of 2003 (‘BBBEE Act’) and the Broad Based Black Economic Empowerment Amendment Act No. 46 of 2013) is taking or has taken place, then the Company may suspend and/or terminate the Contract with immediate effect without any liability for any Losses.
Fronting. The responsible party reserving the facility may not front for another organization. The person who signs the Event Agreement form assumes responsibility for the actions of the organization and the guest attending the event. The group representative accepts responsibility for ensuring that all college and facility rules and regulations are followed. Any damages incurred by the group must be paid for by the group. If the damages are intentional, additional penalties will be applied. Free standing decorations or table decorations are permitted. Hanging or taping materials from ceiling, posts or walls is prohibited. All props or décor must be removed for the area immediately after the event. No open flames/no candles/no glitter or confetti will be allowed. Noise restrictions are in effect during class hours. Any use of amplified sound for any event at any time needs to be approved by the Director of Events to avoid disrupting college operations. Rowan-Cabarrus Community College does not allow tobacco products or illegal drugs. No alcohol is allowed on campus prior to approval by the Board of Trustees without prior approval. Exit doors must not be blocked and sprinkler heads shall remain uncovered. Weapons and fireworks are prohibited.
Fronting. ERWAT supports the spirit of broad based black economic empowerment and recognizes that real empowerment can only be achieved through individuals and businesses conducting themselves in accordance with the Constitution and in an honest, fair, equitable, transparent and legally compliant manner. Against this background ERWAT condemns any form of fronting.
Fronting. (i) All Letters of Credit issued hereunder shall be Fronted Letters of Credit; provided that, Borrower may only request Letters of Credit from Issuing Banks that are specified in this Agreement as having a Fronting Limit.
(ii) Each Lender severally agrees with each Issuing Bank to participate in an amount equal to its Pro Rata Share in the extension of credit resulting from the issuance (or extension, modification or amendment) of a Letter of Credit by such Issuing Bank and each drawing of the Stated Amount thereunder, in the manner and the amount provided in Section 2.2(d) (Drawings and Reimbursements), and the issuance of such Letter of Credit shall be deemed to be a confirmation by the Issuing Bank and each Lender of such participation in such amount; provided that, no Lender shall be required to participate in a Letter of Credit if the sum of such Lender’s L/C Obligations, Loans and unpaid Letter of Credit Fees owing to such Lender would exceed such Lender’s Commitment as a result of such participation.
Fronting. All Letters of Credit shall be issued by the Fronting Lender on behalf of the Lenders and for this purpose:
(a) the Principal Outstanding in respect of such Letters of Credit shall be considered to be allocated among such Lenders pro rata on the basis of their respective Commitments and, on the issuance of a Letter of Credit under the Credit Facility, the Administrative Agent shall advise each of the Lenders of their pro rata share of the liability under such Letter of Credit having regard to their respective Commitments and on the basis that each Lender is liable to, and by entering into this agreement agrees to, indemnify and hold harmless the Fronting Lender in relation to the Fronting Lxxxxx’s liability as issuer of such Letter of Credit to the extent of the amount of such pro rata share of such liability;
(b) for greater certainty and without limiting the generality of section 12.1, the Principal Outstanding among the Lenders shall be adjusted in the circumstances and in the manner contemplated by section 12.1 in order to reflect the Issuance by the Fronting Lender on behalf of the Lenders.
Fronting. Employees and benefactors may not serve as fronts for Non-profit, Campus guest, or Commercial Users. If fronting is discovered, usage fees will be adjusted according to the fee schedule. If prior arrangements are made, Benefactors may choose to co-sponsor an event at the discretion of the Provider. User will be held responsible for all charges incurred as a result of any commitments made to facilitate an event. If any User fails to cancel a reservation at least 72 hours prior to their event, the group may be assessed a $75.00 Cancellation Fee and may lose the privilege of utilizing the facilities for future events. Provider reserves the right to require fire, police or other security personnel for events. The need shall be determined based on the time, place, and type of event. Initial Date Unless other arrangements for insurance protection acceptable to Provider are made by the parties hereto in writing, User shall, at User's sole expense, during the Term hereof keep in full force and effect a policy of commercial general liability insurance with respect to the Facilities, and the business conducted thereon and therefrom by User and any sub-tenants of User with respect to the Facilities, which commercial general liability insurance shall provide insurance coverages with a general aggregate limit of at least $1,000,000.00 and an occurrence limit of at least $1,000,000.00 and to include specific coverage for products/completed operations, if applicable, and personal injury. The policy shall name, as additional insureds, the Provider, the Roman Catholic Diocese of Salina in Kansas, Capuchin Province of Mid-America, Inc., Xxxxxx Xxxxxx X. Xxxxxxxxxxxx (individually, as Xxxxxx of the Roman Catholic Diocese of Salina in Kansas, and as holder of title to properties pursuant to that certain Declaration of Trust, dated September 12, 1966), together with any persons, firms, corporations or other entities designated by Provider. The limits of said insurance shall not, however, limit the liability of the User hereunder. Each insurance policy to be provided by User hereunder shall be written by an insurance company approved by Provider and the policy or a certificate of insurance shall be delivered to Provider which shows that User has complied in all respects with its covenants set forth in this Paragraph 7, and User shall cause each such insurer under the policies required hereunder to agree by endorsement on the policy issued by it or by independent instrument furn...
Fronting. An arrangement by which the insurer (who is the reinsured) transfers the entire risk to the reinsurer without retaining anything to its own account. Usually, in a fronting arrangement the ceding company charges a fee which is called the fronting fee. This type of transaction is not permitted as per Reinsurance Regulations currently in force in India. Total claims payable by insurer from one occurrence with deductible of reinsurance being applied.
Fronting. The BEE Verification Agency reserves the right to report any circumvention of the Codes or fronting practices to the dti
Fronting. (a) Following the Closing Date until February 29, 2004, Retrocessionaire shall have the authority to require Retrocedent to issue Additional Canadian Contracts, subject to Applicable Law. Additional Canadian Contracts shall be reinsured by Retrocessionaire under this Retrocession Agreement and considered Reinsured Contracts for which Retrocessionaire's Pro Rata Portion of all amounts shall be 100%. On a quarterly basis, Retrocessionaire will pay Retrocedent a fronting fee of two percent (2%) of the gross written premiums for the Additional Canadian Contracts written during the prior quarter (the "Fronting Fee") and reimburse the Retrocedent for any amounts paid by Retrocedent for taxes, boards and bureaus as a result of the issuance of each Additional Canadian Contract.
(b) Following the Closing Date, Retrocessionaire shall participate in USAIG aviation pool business by fully reinsuring Retrocedent's participation, and Retrocedent shall continue its participation as and to the extent permitted by USAIG (at a level not greater than its current level) until the earlier of (i) December 31, 2005, and (ii) such date as Retrocessionaire becomes a member of the USAIG pool (the "USAIG Fronting Period"). All acceptances on behalf of the Retrocedent and all participations of the Retrocedent as a member of the USAIG pool shall be reinsured by Retrocessionaire under this Retrocession Agreement and considered Reinsured Contracts for which Retrocessionaire's Pro Rata Portion of all amounts shall be 100%. On a quarterly basis, Retrocessionaire will pay Retrocedent a fronting fee of two percent (2%) of the net written premiums reported to the Retrocedent as its share of the USAIG members' net written premium for the prior quarter ("Fronting Fee") and reimburse the Retrocedent for any amounts paid by the Retrocedent for taxes, boards, bureaus and unless paid pursuant to Section 3.2(iii), guaranty fund assessments (net of any amounts credited by USAIG for such assessments) directly related to the Retrocedent's participation in the USAIG pool during the USAIG Fronting Period. Retrocessionaire shall reimburse Retrocedent for any other direct out of pocket expenses paid by the Retrocedent and directly related to the Retrocedent's participation in the USAIG pool provided such expenses relate principally to an underwriting year or portion thereof for which the Retrocessionaire is reinsuring the Retrocedent, in each case only to the extent that (i) the Retrocedent is obligated to...
