Common use of Insurance Licenses Clause in Contracts

Insurance Licenses. No material license, permit or authorization of the Borrower or any Subsidiary to engage in the business of insurance or insurance-related activities is the subject of a proceeding for suspension or revocation, except where such suspension or revocation would not individually or in the aggregate have a Material Adverse Effect.

Insurance Licenses. No material license, permit or authorization of the Borrower or any material Subsidiary to engage in the business of insurance insurance, reinsurance or insurance-related activities is the subject of a proceeding for suspension or revocation, except where such suspension or revocation would not individually or in the aggregate have a Material Adverse Effect.