Examples of Argo US in a sentence
Each Borrower hereby irrevocably authorizes and directs Argo US to accept such service on its behalf.
The Borrowers will cause all Significant Insurance Subsidiaries of Argo US to at all times maintain an AM Best Financial Strength Rating of at least B++.
If Argo U.S. elects to redeem the Notes under this provision, it will give written notice of such election to the trustee and the holders of the Notes.
Nothing in the Indenture prohibits Argo US from acquiring the Notes by means other than a redemption, whether pursuant to an issuer tender offer or otherwise, assuming such acquisition does not otherwise violate the terms of the Indenture.
Such transfer or exchange will be made without service charge, but Argo US may require payment of a sum sufficient to cover any tax or other governmental charge and any other expenses then payable.
In addition, we express no opinion with respect to (i) whether acceleration of the Debt Securities or the Argo US Debt Securities may affect the collectability of that portion of the stated principal amount thereof that might be determined to constitute unearned interest thereon, (ii) compliance with laws relating to permissible rates of interest or (iii) the creation, validity, perfection or priority of any security interest or lien.
Argo US will not permit at any time its Tangible Net Worth to be less than the sum of (a) $626,300,000 plus (b) 75% of the positive net income of Argo US and its subsidiaries on a consolidated basis for each fiscal quarter ending after December 31, 2008.
If Argo US elects to redeem the Notes under this provision, it will give written notice of such election to the trustee and the holders of the Notes.
All Significant Insurance Subsidiaries of Argo US will at all times maintain an AM Best Financial Strength Rating of at least B++.
In addition, we express no opinion with respect to (i) whether acceleration of the Debt Securities or the Argo US Debt Securities may affect the collectibility of that portion of the stated principal amount thereof that might be determined to constitute unearned interest thereon, (ii) compliance with laws relating to permissible rates of interest or (iii) the creation, validity, perfection or priority of any security interest or lien.