Possible Future Redomestication of NEWCO Sample Clauses

Possible Future Redomestication of NEWCO. The Receiver and the GA Parties agree and acknowledge that while the current expectation is that NEWCO shall be formed as a captive insurer in the District of Columbia, circumstances may arise in the future that would make the redomestication of NEWCO to a different jurisdiction desirable. If NEWCO or the GA Parties determine that a redomestication would be desirable, they shall give notice of that decision to the Receiver and may proceed to redomesticate NEWCO upon the Receiver’s approval which shall not be unreasonably withheld. Schedule 1.15 List of Contracts Schedule 1.25 ELNY Mortality Table Individual SPIA and Pension Close-Out Certificate Mortality Assumptions • Attained age multiples are applied to the 1983 Individual Annuity Mortality Table, as follows: • Mortality improvement is assumed to be 100% of Scale G for males and 65% of Scale G for females. Improvement begins in 1984 and is assumed to grade off linearly from attained age 86 to 100. Standard SSA Mortality Assumptions • Attained age multiples are applied to the 1983 Individual Annuity Mortality Table, as follows. For ages not shown, the multiples are interpolated between the ages shown. • Mortality improvement is assumed to be 100% of Scale G for males and 65% of Scale G for females. Improvement begins in 1984 and is assumed to grade off linearly from attained age 86 to 100. • Furthermore, beginning on the valuation date, a floor is imposed such that the calculated mortality rate in the current year cannot be less than the mortality rate in the prior year. Substandard SSA Mortality Assumptions • For substandard SSAs, further adjustments are made to the Standard SSA Mortality Assumptions for each insured life as follows:
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Related to Possible Future Redomestication of NEWCO

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  • Merger or Consolidation Section 8.11

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  • Mergers, Reorganizations and Equity Transfers Each of the Company and any Sponsor Affiliates acknowledges that any mergers, reorganizations or consolidations of the Company and such Sponsor Affiliates may cause the Project to become ineligible for negotiated fees in lieu of taxes under the FILOT Act absent compliance by the Company and such Sponsor Affiliates with the Transfer Provisions; provided that, to the extent provided by Section 12-44- 120 of the FILOT Act or any successor provision, any financing arrangements entered into by the Company or any Sponsor Affiliates with respect to the Project and any security interests granted by the Company or any Sponsor Affiliates in connection therewith shall not be construed as a transfer for purposes of the Transfer Provisions. Notwithstanding anything in this Fee Agreement to the contrary, it is not intended in this Fee Agreement that the County shall impose transfer restrictions with respect to the Company, any Sponsor Affiliates or the Project as are any more restrictive than the Transfer Provisions.

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