Reinsurance and Related Matters. Neither PIC nor NAHC will enter into any reinsurance transactions, make any reserve adjustments, establish a provision for loss and/or loss adjustment expenses, incur or obligate itself to incur any extraordinary expenses (including, without limitation, deferred compensation or employee bonuses) and/or take any other actions or enter into any other transactions that will or could result in a material reduction in income during the Specified Period.
Appears in 1 contract
Samples: Replacement Carrier Agreement (National Atlantic Holdings Corp)
Reinsurance and Related Matters. Neither PIC nor NAHC will enter has entered into any reinsurance transactions, make made any reserve adjustments, establish established a provision for loss and/or loss adjustment expenses, incur incurred or obligate obligated itself to incur any extraordinary expenses (including, without limitation, deferred compensation or employee bonuses) and/or take taken any other actions or enter entered into any other transactions that will or could result in a material reduction in income during the Specified Period.
Appears in 1 contract
Samples: Replacement Carrier Agreement (National Atlantic Holdings Corp)
Reinsurance and Related Matters. Neither PIC nor NAHC will enter has ------------------------------- entered into any reinsurance transactions, make made any reserve adjustments, establish established a provision for loss and/or loss adjustment expenses, incur incurred or obligate obligated itself to incur any extraordinary expenses (including, without limitation, deferred compensation or employee bonuses) and/or take taken any other actions or enter entered into any other transactions that will or could result in a material reduction in income during the Specified Period.
Appears in 1 contract
Reinsurance and Related Matters. Neither PIC nor NAHC will ------------------------------- enter into any reinsurance transactions, make any reserve adjustments, establish a provision for loss and/or loss adjustment expenses, incur or obligate itself to incur any extraordinary expenses (including, without limitation, deferred compensation or employee bonuses) and/or take any other actions or enter into any other transactions that will or could result in a material reduction in income during the Specified Period.
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