Authorized Law Firm definition

Authorized Law Firm means an independent law firm representing the Company which, as of the date in question, either (i) has at least 20 licensed attorneys as partners or employees of the firm or (ii) has (and has represented to the Investor in writing that it has) a liability insurance policy from an insurance carrier with a financial rating of at least “A+” from Dun & Bradstreet, Standard & Poor's, Moody's or Xxxxx Ratings services, covering the firm and the Investor for any liability the Investor may incur for misstatements or omissions in the Prospectus or otherwise related to the attorney’s issuance of the Commitment Opinion, Put Opinions and Registration Opinions, having no exclusions for any such coverage, and having policy limits equal to at least 100% of the Covered Put Amount, where the “Covered Put Amount” equals the sum of (x) total Put Dollar Amount of Put Shares that have been purchased by the Investor in all Puts through the date in question, plus (y) the Maximum Put Dollar Amount for the uncompleted Put for which the Put Opinion and Registration Opinion in question are being issued (an “Authorized Legal Liability Policy”).
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Authorized Law Firm means an independent law firm representing the Company which, as of the date in question, has either (a) at least 20 attorneys as partners or employees of the firm or (b) has (and has represented to the Investor in writing that it has) a liability insurance policy covering any liability the Investor may incur for misstatements or omissions in the Prospectus or otherwise related to the attorney’s issuance of the Put Opinions and Registration Opinions, having no exclusion for such coverage, and having policy limits equal to at least X% of the sum of (x) total Put Dollar Amount of Put Shares that have been purchased by the Investor in all Puts through the date in question, plus (y) the Maximum Put Dollar Amount for the uncompleted Put for which the Put Opinion and Registration Opinion in question are being issued (the sum of “x” and “y” immediately above being referred to as the “Covered Put Amount”), where “X%” equals 100% when the Covered Put Amount at the time of issuance of the opinion of counsel in question equals $2,000,000 or less and equals 150% when the Covered Put Amount at the time of issuance of the opinion of counsel in question exceeds $2,000,000 (an “Authorized Legal Liability Policy”).
Sample 1Sample 2
Authorized Law Firm means an independent law firm representing the Company which, as of the date in question, has (and has represented to the Investor in writing that it has) a liability insurance policy from an insurance carrier with a financial rating of at least “A+” from Dun & Bradstreet, Standard & Poor's, Moody's or Xxxxx Ratings services, covering the firm and the Investor for any liability the Investor may incur for misstatements or omissions in the Prospectus or otherwise related to the attorney’s issuance of the Commitment Opinion, Put Opinions and Registration Opinions, having no exclusions for any such coverage, and having policy limits equal to at least 150% of the Covered Put Amount, where the “Covered Put Amount” equals the sum of (x) total Put Dollar Amount of Put Shares that have been purchased by the Investor in all Puts through the date in question, plus (y) the Maximum Put Dollar Amount for the uncompleted Put for which the Put Opinion and Registration Opinion in question are being issued (an “Authorized Legal Liability Policy”). Anytime that the Covered Put Amount exceeds $5,000,000 then, in addition to the above insurance requirements, a law firm must also have at least 20 attorneys as partners or employees of the firm in order to be an “Authorized Law Firm.”
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Examples of Authorized Law Firm in a sentence

  • By not later than the Qualification Trigger Date (and again promptly following each time that the Company changes its law firm or auditor, and each time that the liability policy coverage of either the Authorized Law Firm or Authorized Auditor materially changes), the Company shall cause its Authorized Law Firm to provide a copy of the Authorized Legal Liability Policy to the Investor and to cause its Authorized Auditor to provide the Investor with a copy of their Authorized Auditor Liability Policy.

  • Upon request by the Investor, the Company shall provide, or cause its Authorized Law Firm and Authorized Auditor to provide, a copy of their respective liability insurance policies.


More Definitions of Authorized Law Firm

Authorized Law Firm means an independent law firm representing the Company which, as of the date in question, either (i) has at least 20 licensed attorneys as partners or employees of the firm or (ii) has (and has represented to the Investor in writing that it has) a liability insurance policy from an insurance carrier with a financial rating of at least “B+” from Dun & Bradstreet, Standard & Poor's, Moody's or Fixxx Xatings services, covering the firm and the Investor for any liability the Investor may incur for misstatements or omissions in the Prospectus or otherwise related to the attorney’s issuance of the Commitment Opinion, Put Opinions and Registration Opinions, having no exclusions for any such coverage, and having policy limits equal to at least 100% of the Covered Put Amount, where the “Covered Put Amount” equals the sum of (x) total Put Dollar Amount of Put Shares that have been purchased by the Investor in all Puts through the date in question, plus (y) the Maximum Put Dollar Amount for the uncompleted Put for which the Put Opinion and Registration Opinion in question are being issued (an “Authorized Legal Liability Policy”).
Sample 1
Authorized Law Firm means an independent law firm representing the Company which, as of the date in question, either (a) has at least 20 attorneys as partners or employees of the firm or (b) has (and has represented to the Investor in writing that it has) a liability insurance policy covering any liability the Investor may incur for misstatements or omissions in the Prospectus or otherwise related to the attorney’s issuance of the Put Opinions and Registration Opinions, having no exclusions for such coverage, and having (i) policy limits of at least $300,000 per occurrence and (ii) aggregate policy limits equal to at least 200% of the sum of (x) total Put Dollar Amount of Put Shares that have been purchased by the Investor in all Puts through the date in question, plus (y) the Maximum Put Dollar Amount for the uncompleted Put for which the Put Opinion and Registration Opinion in question are being issued, provided that such aggregate policy limits shall not be required to exceed the Maximum Offering Amount plus $2,000,000 (an “Authorized Legal Liability Policy”).
Sample 1
Authorized Law Firm means an independent law firm representing the Company which, as of the date in question, either (i) has at least 20 attorneys or (ii) has (and has represented to the Investor in writing that it has) a liability insurance policy covering any liability the Investor may incur for misstatements or omissions in the Prospectus or otherwise related to the attorney’s issuance of the Put Opinions and Registration Opinions, and having policy limits of (i) at least $1 million per occurrence and (ii) an amount, in the aggregate, equal to at least the total Put Dollar Amount of Put Shares that have been purchased by the Investor in all Puts through the date in question, plus the Maximum Put Dollar Amount for the uncompleted Put for which the Put Opinion and Registration Opinion in question is being issued.
Sample 1

Related to Authorized Law Firm

  • authorized LEA representative means a LEA administrator designated to be responsible for NPS/A. It is understood, a representative of the Special Education Plan Local Area (SELPA) of which the LEA is a member is an authorized LEA representative in collaboration with the LEA. The LEA maintains sole responsibility for the contract, unless otherwise specified in the contract.

  • Authorized inspector means inspectors employed by the authorities responsible for boarding and inspection included in the Commission register and authorized to conduct boarding and inspection activities pursuant to these procedures;

  • Authorized Driver means (A) the renter, (B) the renter’s

  • Authorized entity means a nonprofit organization or a governmental agency that has a primary mission to provide specialized services relating to training, education, or adaptive reading or information access needs of blind or other persons with disabilities;

  • Authorized nuclear pharmacist means a pharmacist who:

  • Authorized Issuer Representative means any person at the time designated to act on behalf of the Issuer by a written certificate furnished to the Company and the Trustee containing the specimen signature of such person and signed on behalf of the Issuer by its Chairman. Such certificate may designate an alternate or alternates.

  • Authorized City Representative means the Mayor, the City Manager or such other Person at the time designated to act on behalf of the City as evidenced by written certificate furnished to the Developer and the Trustee containing the specimen signature of such Person and signed on behalf of the City by its Mayor or City Manager. Such certificate may designate an alternate or alternates, each of whom may perform all duties of the Authorized City Representative.

  • Authorized Broker means those Brokers which are authorized to deal in Government Securities.

  • Authorized Company Representative means each person at the time designated to act on behalf of the Company by written certificate furnished to the Authority and the Trustee containing the specimen signature of such person and signed on behalf of the Company by its President, any Vice President or its Treasurer, together with its Secretary or any Assistant Secretary.

  • Authorized User means a person:

  • Authorized pharmacist means an Iowa-licensed pharmacist whose license is in good standing and who meets the drug therapy management criteria defined in this rule.

  • Authorized Investment means any type of instrument, security, participation or other property in which Cash Collateral may be invested or reinvested, as described in Section 5(f) hereof and Appendix 4 hereto (and as such Appendix may be amended from time to time by written agreement of the parties).

  • Authorized Instructions shall have the meaning set forth in Section 1.5.

  • Applicable Authorized Representative means, with respect to any Shared Collateral, (i) until the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Administrative Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Major Non-Controlling Authorized Representative.

  • Authorized prescriber means a physician, dentist, advanced practice registered nurse or physician assistant;

  • Certificate of inspection means an unsworn statement,

  • Authorized Investments means: any investment which may be authorized by the Commission but does not include restricted investments as specified in the Offering Documents from time to time.

  • Authorized insurer means, in the case of an interstate motor carrier whose operations may or may

  • Certificate of Conformance means a document issued by the NCWM based on testing by a participating laboratory that constitutes evidence of conformance of a type.

  • Authorized By means the same as "authorization" as defined in § 24.2-945.1.

  • Instructional material means instructional content that is provided to a student, regardless of its format, including printed or representational materials, audio-visual materials, and materials in electronic or digital formats (such as materials accessible through the Internet). The term does not include academic tests or academic assessments.

  • Certificate of Compliance means the certificate referred to in Section 3.03 of the Servicing Agreement and substantially in the form of Exhibit E to the Servicing Agreement.

  • Authorized Claimant means a Settlement Class Member who submits a Proof of Claim Form to the Claims Administrator that is approved by the Court for payment from the Net Settlement Fund.

  • Authorized Amount means $ , the maximum principal amount of the Funding Loan under this Funding Loan Agreement.

  • Authorized Persons means Contractor’s employees, officers, partners, Subcontractors or other agents of Contractor who need to access State Data to enable Contractor to perform its responsibilities under Contract.

  • Professional Engineer or Professional Certificated Engineer means a person holding registration as either a Professional Engineer or Professional Certificated Engineer in terms of the Engineering Profession Act, 2000 (Act No. 46 of 2000);