Common use of Reinsurance Treaties Clause in Contracts

Reinsurance Treaties. All reinsurance and retrocessional treaties, contracts, agreements and arrangements to which any Significant Subsidiary is a party are in full force and effect and no Significant Subsidiary is in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, with such exceptions that would not, singularly or in the aggregate, have a Material Adverse Effect; and no Significant Subsidiary has received any notice from any of the other parties to such treaties, contracts, agreements or arrangements that such other party intends not to perform thereunder and, to the best knowledge of the Company and the Significant Subsidiaries, none of the other parties to such treaties, contracts, agreements or arrangements will be unable to perform thereunder except to the extent adequately and properly reserved for in the consolidated financial statements of the Company, with such exceptions that would not, singularly or in the aggregate, have a Material Adverse Effect.

Appears in 3 contracts

Samples: Placement Agreement (American Safety Insurance Holdings LTD), Placement Agreement (Tower Group, Inc.), Placement Agreement (Tower Group, Inc.)

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Reinsurance Treaties. All reinsurance and retrocessional treaties, contracts, agreements and arrangements to which any Significant Insurance Subsidiary is a party are in full force and effect and no Significant Insurance Subsidiary is in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, with such exceptions that would not, singularly or in the aggregate, have a Material Adverse Effect; and no Significant Insurance Subsidiary has received any notice from any of the other parties to such treaties, contracts, agreements or arrangements that such other party intends not to perform thereunder and, to the best knowledge of the Company and the Significant Insurance Subsidiaries, none of the other parties to such treaties, contracts, agreements or arrangements will be unable to perform thereunder except to the extent adequately and properly reserved for in the consolidated financial statements of the Company, with such exceptions that would not, singularly or in the aggregate, have a Material Adverse Effect.

Appears in 3 contracts

Samples: Placement Agreement (Financial Industries Corp), Placement Agreement (Pxre Group LTD), Placement Agreement (Fpic Insurance Group Inc)

Reinsurance Treaties. All reinsurance and retrocessional treaties, contracts, agreements and arrangements to which any Significant Insurance Subsidiary is a party are in full force and effect and no Significant Insurance Subsidiary is in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, with such exceptions that would not, singularly or in the aggregate, have a Material Adverse Effect; and no Significant Insurance Subsidiary has received any notice from any of the other parties to such treaties, contracts, agreements or arrangements that such other party intends not to perform thereunder and, to the best knowledge of the Company and the Significant SubsidiariesCompany, none of the other parties to such treaties, contracts, agreements or arrangements will be unable to perform thereunder except to the extent adequately and properly reserved for in the consolidated financial statements of the Company, with such exceptions that would not, singularly or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Placement Agreement (Fpic Insurance Group Inc)

Reinsurance Treaties. All reinsurance and retrocessional treaties, contracts, agreements and arrangements to which any Significant Insurance Subsidiary is a party are in full force and effect and no Significant Insurance Subsidiary is in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, with such exceptions that would not, singularly or in the aggregate, have a Material Adverse Effect; and no Significant Insurance Subsidiary has received any notice from any of the other parties to such treaties, contracts, agreements or arrangements that such other party intends not to perform thereunder and, to the best knowledge of the Company Company, the Guarantor and the Significant Insurance Subsidiaries, none of the other parties to such treaties, contracts, agreements or arrangements will be unable to perform thereunder except to the extent adequately and properly reserved for in the consolidated financial statements of the CompanyCompany and the Guarantor, with such exceptions that would not, singularly or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Placement Agreement (American Safety Insurance Group LTD)

Reinsurance Treaties. All reinsurance and retrocessional treaties, contracts, agreements and arrangements to which any Significant the Insurance Subsidiary is a party are in full force and effect and no Significant the Insurance Subsidiary is not in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, with such exceptions that would not, singularly or in the aggregate, have a Material Adverse Effect; and no Significant Insurance Subsidiary has received any notice from any of the other parties to such treaties, contracts, agreements or arrangements that such other party intends not to perform thereunder and, to the best knowledge of the Company and the Significant SubsidiariesCompany, none of the other parties to such treaties, contracts, agreements or arrangements will be unable to perform thereunder except to the extent adequately and properly reserved for in the consolidated financial statements of the Company, with such exceptions that would not, singularly or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Placement Agreement (Chandler Usa Inc)

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Reinsurance Treaties. All reinsurance and retrocessional treaties, contracts, agreements and arrangements to which any Significant Subsidiary is a party are in full force and effect and no Significant Subsidiary is in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, with such exceptions that would not, singularly or in the aggregate, have a Material Adverse Effect; and no Significant Subsidiary has received any notice from any of the other parties to such treaties, contracts, agreements or arrangements that such other party intends not to perform thereunder and, to the best knowledge of the Company and the Significant Subsidiaries, none of the other parties to such treaties, contracts, agreements or arrangements will be unable to perform thereunder except to the extent adequately and properly reserved for in the consolidated financial statements of the Company, with such exceptions that would not, singularly or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Placement Agreement (KMG America CORP)

Reinsurance Treaties. All reinsurance and retrocessional treaties, contracts, agreements and arrangements to which any the Significant Subsidiary is a party are in full force and effect and no Significant Subsidiary is in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, with such exceptions that would not, singularly or in the aggregate, have a Material Adverse Effect; and no Significant Subsidiary has received any notice from any of the other parties to such treaties, contracts, agreements or arrangements that such other party intends not to perform thereunder and, to the best knowledge of the Company and the Significant SubsidiariesSubsidiary, none of the other parties to such treaties, contracts, agreements or arrangements will be unable to perform thereunder except to the extent adequately and properly reserved for in the consolidated financial statements of the Company, with such exceptions that would not, singularly or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Placement Agreement (Tower Group, Inc.)

Reinsurance Treaties. All reinsurance and retrocessional treaties, contracts, agreements and arrangements to which any Significant the Insurance Subsidiary is a party are in full force and effect and no Significant the Insurance Subsidiary is not in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, with such exceptions that would not, singularly or in the aggregate, have a Material Adverse Effect; and no Significant Insurance Subsidiary has received any notice from any of the other parties to such treaties, contracts, agreements or arrangements that such other party intends not to perform thereunder thereunder; and, to the best knowledge of the Company and the Significant SubsidiariesCompany, none of the other parties to such treaties, contracts, agreements or arrangements will be unable to perform thereunder except to the extent adequately and properly reserved for in the consolidated financial statements of the Company, with such exceptions that would not, singularly or in the aggregate, have a Material Adverse Effect.

Appears in 1 contract

Samples: Placement Agreement (Chandler Usa Inc)

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