Common use of Reinsurance Treaties Clause in Contracts

Reinsurance Treaties. All reinsurance treaties and arrangements (including placement slips) to which any Insurance Subsidiary is a party are in full force and effect and no Insurance Subsidiary is in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, except where the failure to be in full force and effect or where such violation or default would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect; no Insurance Subsidiary has received any notice from any of the other parties to such treaties or arrangements that such other party intends not to perform such treaty or arrangement and, to the knowledge of the Company and the Insurance Subsidiaries, none of the other parties to such treaties or arrangements will be unable to perform such treaty or arrangement except to the extent adequately and properly reserved for in the audited historical financial statements of the Company included in the Prospectus, except where such nonperformance would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Underwriting Agreement (Emc Insurance Group Inc), Underwriting Agreement (Direct General Corp)

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Reinsurance Treaties. All reinsurance treaties and arrangements (including placement slips) to which any Insurance Subsidiary is a party are in full force and effect and no Insurance Subsidiary is in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, except where the failure to be in full force and effect or where such violation or default would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect; no . No Insurance Subsidiary has received any notice from any of the other parties to such treaties treaties, contracts or arrangements agreements that such other party intends not to perform such treaty or arrangement and, to the knowledge of the Company and the Insurance SubsidiariesCompany, none of the other parties to such treaties or arrangements will be unable to perform such treaty or arrangement except to the extent adequately and properly reserved for in the audited historical consolidated financial statements of the Company included in or incorporated by reference in the Prospectus, except where such nonperformance would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Underwriting Agreement (FBL Financial Group Inc), Underwriting Agreement (American Equity Investment Life Holding Co)

Reinsurance Treaties. All reinsurance treaties and arrangements (including placement slips) to which any Insurance Subsidiary is a party are in full force and effect and no Insurance Subsidiary is in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, except where the failure to be in full force and effect or where such violation or default would not, individually or in the aggregate, be reasonably expected to have result in a Material Adverse Effect; no Change. No Insurance Subsidiary has received any notice from any of the other parties to such treaties treaties, contracts or arrangements agreements that such other party intends not to perform such treaty or arrangement and, to the knowledge of the Company and the Insurance SubsidiariesCompany, none of the other parties to such treaties or arrangements will be unable to perform such treaty or arrangement except to the extent adequately and properly reserved for in the audited historical consolidated financial statements of the Company included or incorporated by reference in the ProspectusTime of Sale Information and the Offering Memorandum, except where such nonperformance would not reasonably be expectedexpected to, individually or in the aggregate, to have result in a Material Adverse EffectChange.

Appears in 1 contract

Samples: Purchase Agreement (American Equity Investment Life Holding Co)

Reinsurance Treaties. All reinsurance treaties and arrangements (including placement slips) pursuant to which any Insurance Subsidiary is a party cedes material risk for which any Insurance Subsidiary may be liable are in full force and effect and no Insurance Subsidiary is in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, except where the failure to be in full force and effect or where such violation or default would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect; no Insurance Subsidiary has received any notice from any of the other parties to such treaties treaties, contracts or arrangements agreements that such other party intends not to perform such treaty or arrangement and, to the knowledge of the Company and the Insurance Subsidiaries, none of the other parties to such treaties or arrangements will be unable to perform such treaty or arrangement except to the extent adequately and properly reserved for in the audited historical consolidated financial statements of the Company included or incorporated by reference in the Prospectus, except where such nonperformance would not reasonably be expectednot, individually or in the aggregate, to have a Material Adverse Effect.

Appears in 1 contract

Samples: Underwriting Agreement (Nymagic Inc)

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

Appears in 1 contract

Samples: Placement Agreement (American Physicians Capital Inc)

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Reinsurance Treaties. All reinsurance treaties and arrangements (including placement slips) to which any Insurance Subsidiary is a party are in full force and effect and no Insurance Subsidiary is in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, except where the failure to be in full force and effect or where such violation or default would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect; no Insurance Subsidiary has received any notice from any of the other parties to such treaties treaties, contracts or arrangements agreements that such other party intends not to perform such treaty or arrangement and, to the knowledge of the Company and the Insurance Subsidiaries, none of the other parties to such treaties or arrangements will be unable to perform such treaty or arrangement except to the extent adequately and properly reserved for in the audited historical financial statements of the Company included in the Prospectus, except where such nonperformance would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

Appears in 1 contract

Samples: Underwriting Agreement (Direct General Corp)

Reinsurance Treaties. All reinsurance treaties and arrangements (including placement slips) to which any Insurance Subsidiary is a party are in full force and effect and no Insurance Subsidiary is in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, except where the failure to be in full force and effect or where such violation or default would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect; no . No Insurance Subsidiary has received any notice from any of the other parties to such treaties treaties, contracts or arrangements agreements that such other party intends not to perform such treaty or arrangement and, to the knowledge of the Company and the Insurance SubsidiariesCompany, none of the other parties to such treaties or arrangements will be unable to perform such treaty or arrangement except to the extent adequately and properly reserved for in the audited historical consolidated financial statements of the Company included in the Prospectus, except where such nonperformance would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

Appears in 1 contract

Samples: Underwriting Agreement (American Equity Investment Life Holding Co)

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