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. 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. All Letters of Credit shall be issued by the Fronting Lender on behalf of the Lenders and for this purpose:
Fronting. The responsible party reserving the facility may not front for another organization. Guest Code of Conduct/Responsibilities 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. Damages Any damages incurred by the group must be paid for by the group. If the damages are intentional, additional penalties will be applied. Decorations 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. Amplified Sound 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. General Facility Rules 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. (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.
Fronting. Sometimes insurance companies wish to offer insurance in jurisdictions where they are not licensed: for example, an insurer may wish to offer an insurance programme to a multi-national company, to cover property and liability risks in every country in the world. In such situations, the insurance company may find a local insurance company which is authorised in the relevant country, arrange for the local insurer to issue an insurance policy covering the risks in that country, and enter into a reinsurance contract with the local insurer to transfer the risks. In the event of a loss, the policyholder would claim against the local insurer under the local insurance policy, the local insurer would pay the claim and would claim reimbursement under the reinsurance contract. Such an arrangement is called "fronting". Fronting is also sometimes used where an insurance buyer requires its insurers to have a certain financial strength rating and the prospective insurer does not satisfy that requirement: the prospective insurer may be able to persuade another insurer, with the requisite credit rating, to provide the coverage to the insurance buyer, and to take out reinsurance in respect of the risk. An insurer which acts as a "fronting insurer" (or a "front") usually receives a fronting fee for this service. The fronting insurer is taking a risk in such transactions, because it has an obligation to pay its insurance claims even if the reinsurer becomes insolvent and fails to reimburse the claims.
Fronting. 18.2 The BEE Verification Agency reserves the right to report any circumvention of the Codes or fronting practices to the dti 19 Third parties
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. From the Ground Up (or FGU): Total claims payable by insurer from one occurrence with deductible of reinsurance being applied.
Fronting. Services shall be limited to homeowners coverage in Texas. It is intended that 100% of the risk written shall be assumed by a Sxxxxxxx-controlled company. This would include any indirect costs such as guarantee fund assessments and forced writings (specifically including any Florida homeowners required to be written as a result of recent legislation).
