Language of Interpretation Sample Clauses

Language of Interpretation. When interpreting this By-Law the French and English text will have equal merit. [Date] [Address] Dear : Re: XYZ Life Insurance Company (the “Company”) - Membership in (Canadian Life and Health Insurance Compensation Corporation (the “Corporation”) As requested, we are pleased to enclose the complete enrolment package of material required for membership in the Corporation. The purpose of this letter is to describe the principal responsibilities involved in membership and to obtain confirmation that the Company accepts those responsibilities as being its contractual commitment. This confirmation is required before the Company can become a member of the Corporation. All federal life companies, including branches, as well as provincially-chartered companies, which have a life licence or an accident and sickness licence in Canada are required to be members as a condition of their licensing. The organizational documents of the Corporation, including the Articles of Continuance, By-law No. 1, the Memorandum of Operation, and Supplementary Rules, effective as at May 23, 2013 are included. These documents describe the procedures under which the Corporation, for the benefit of the credibility of the insurance industry as a whole, provides a reasonable level of compensation to policyholders of an insolvent insurer who have unpaid claims under their life and health insurance contracts. If the assets of the insolvent insurer are inadequate to provide the amount of recovery according to the Corporation’s coverage, then the Corporation will make up the shortfall. Members can be assessed annually for these purposes, subject to the limits set forth in the By-laws of the Corporation. These documents also set out the details of the rights and obligations as a member, including: ❑ the obligation to choose a Designated Representative from among the senior officers; ❑ paying assessments when levied. A copy of the Consumer Protection Plan pamphlet is enclosed which highlights some fundamental information about the Corporation and its coverage of benefits. The primary vehicle for communicating with policyholders is the Web site at: xxx.xxxxxxx.xx.
Sample 1
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Language of Interpretation. The French version shall be considered the official text.
Sample 1

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  • Principles of Interpretation and Definitions (1) The singular includes the plural and the plural the singular. The pronouns “it” and “its” include the masculine and feminine. References to statutes or regulations include all statutory or regulatory provisions consolidating, amending, or replacing the statute or regulation. References to contracts and agreements shall be deemed to include all amendments to them. The words “include,” “including,” etc. mean include, including, etc. without limitation. (2) References to a “Section” or “section” shall mean a section of this contract. (3) “Contract” and “Agreement,” whether or not capitalized, refer to this instrument. (4) “Duties” includes obligations.

  • Certain Interpretations (a) Unless otherwise indicated, all references herein to Articles, Sections, Annexes, Exhibits or Schedules, shall be deemed to refer to Articles, Sections, Annexes, Exhibits or Schedules of or to this Agreement, as applicable. (b) Unless otherwise indicated, the words “include,” “includes” and “including,” when used herein, shall be deemed in each case to be followed by the words “without limitation.” (c) The table of contents and headings set forth in this Agreement are for convenience of reference purposes only and shall not affect or be deemed to affect in any way the meaning or interpretation of this Agreement or any term or provision hereof. (d) Unless otherwise indicated, all references herein to the Subsidiaries of a Person shall be deemed to include all direct and indirect Subsidiaries of such Person unless otherwise indicated or the context otherwise requires. (e) Whenever the context may require, any pronouns used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns and pronouns shall include the plural, and vice versa. (f) References to “$” and “dollars” are to the currency of the United States of America. (g) Any dollar or percentage thresholds set forth herein shall not be determinative in and of themselves of what is or is not “material” or a “Company Material Adverse Effect” under this Agreement. (h) When used herein, the word “extent” and the phrase “to the extent” shall mean the degree to which a subject or other thing extends, and such word or phrase shall not simply mean “if.” (i) The parties hereto agree that they have been represented by counsel during the negotiation and execution of this Agreement and, therefore, waive the application of any Law, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document.

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