Alterra Bermuda definition

Alterra Bermuda means Alterra Bermuda Limited, the Bermuda company resulting from the amalgamation of Alterra Insurance and Harbor Point Re.
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Alterra Bermuda has the meaning set forth in the introductory paragraph.
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Alterra Bermuda means Alterra Bermuda Ltd. (formerly known as Max Bermuda Ltd.), a company incorporated in Bermuda with its registered office at Xxxxxxx Xxxxx, 0 Xxxxx Xxxxxx, Xxxxxxxx, Bermuda;
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Examples of Alterra Bermuda in a sentence

  • Effective August 1, 2013, ALRE entered into a commutation and release agreement with Alterra Bermuda Limited, in respect of the Property Quota Share Retrocession Agreement which both parties entered into in January 1, 2010.

  • Except as otherwise expressly provided herein, the obligations of each Borrower shall be several in nature; it being understood that no Borrower that is an Insurance Subsidiary (other than Alterra Bermuda as expressly provided herein) shall be liable for the obligations of any other Borrower.

  • Permit the Financial Strength Rating of Alterra Bermuda or any Designated Borrower which is an Insurance Subsidiary to fall below the rating of “B++”.

  • No improvements for the already congested Bear Cross roundabout and Gravel Hill/Queen Anne Drive junctions.

  • Alterra Capital and Alterra Bermuda shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a commitment fee equal to 0.125% per annum times the Dollar Equivalent of the actual daily amount by which the Aggregate Commitments exceeds the Total Outstanding Amount.

  • Alterra and Alterra Bermuda are incorporated in Bermuda and pursuant to Bermuda law are not taxed on either income or capital gains.

  • Alterra Bermuda is prohibited from declaring or paying dividends if it is in breach of its enhanced capital requirement, solvency margin or minimum liquidity ratio or if the declaration or payment of such dividend would cause such a breach.

  • Alterra Bermuda was formed by the amalgamation of Alterra Insurance and Alterra Re on September 1, 2010.The Company’s U.S. reinsurance operations are conducted through Alterra USA and its operating subsidiary, Alterra Re USA, a Connecticut-domiciled reinsurance company.

  • Alterra Bermuda is also required under its Class 4 license to maintain a minimum liquidity ratio whereby the value of its relevant assets is not less than 75% of the amount of its relevant liabilities for general business.

  • In December 2012, Alterra Bermuda renewed a $75,000 letter of credit facility with The Bank of Nova Scotia, which expires on December 13, 2013.

Related to Alterra Bermuda

  • Bermuda means the Islands of Bermuda;

  • UK Subsidiary means a Subsidiary organized under the laws of England and Wales.

  • Topco has the meaning set out in the Preamble;

  • Australian Subsidiary means any Subsidiary that is organized under the laws of Australia or any territory thereof.

  • Captive Insurance Subsidiary means any Subsidiary of the Borrower that is subject to regulation as an insurance company (or any Subsidiary thereof).

  • NCLT means the Hon’ble National Company Law Tribunal, Kolkata Bench;

  • Corporate Guarantor means Navios Maritime Holdings Inc., a company incorporated in the Xxxxxxxx Islands and having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Xxxxxxxx Xxxxxxx, XX00000;

  • Acquisition Subsidiary shall have the meaning set forth in the Preamble.

  • PLC means Programmable Logic Controller;

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Foster child means a child who has been removed from his or her home pursuant to Section 309 of the Welfare and Institutions Code (“WIC”), is the subject of a petition filed under Section 300 or 602 of the WIC, or has been removed from his or her home and is the subject of a petition filed under WIC section 300 or 602.

  • Carnival means a traveling business providing commercial entertainment consisting of sideshows, concessions, rides, games of chance, and other amusements. When held outdoors, a carnival is a type of outdoor festival or outdoor community event.

  • Finland means the Republic of Finland and, when used in a geographical sense, means the territory of the Republic of Finland, and any area adjacent to the territorial waters of the Republic of Finland within which, under the laws of Finland and in accordance with international law, the rights of Finland with respect to the exploration for and exploitation of the natural resources of the sea bed and its sub-soil and of the superjacent waters may be exercised;

  • Mauritius means the Republic of Mauritius and includes:

  • Intermediate Holdco as defined in the preamble to this Agreement.

  • Intermediate Parent means any Subsidiary of Holdings and of which the Borrower is a subsidiary.

  • Intermediate Holding Company means any Subsidiary of Holdings (of which Holdings, directly or indirectly, owns 100% of the issued and outstanding Equity Interests) that, directly or indirectly, owns 100% of the issued and outstanding Equity Interests of the Lead Borrower.

  • Co-Issuer has the meaning assigned to such term in the preamble hereto.

  • AGL means Atlanta Gas Light Company.

  • Ultimate Parent means a Company, which owns not less than fifty-one percent (51%) equity either directly or indirectly in the Parent and Affiliates.

  • GIC means a guaranteed investment contract or funding agreement or other similar agreement issued by an Account Party or any of its Subsidiaries that guarantees to a counterparty a rate of return on the invested capital over the life of such contract or agreement.

  • Parent Guarantor has the meaning specified in the recital of parties to this Agreement.

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.