Examples of Bermuda Law in a sentence
In accordance with Bermuda Law, the records of account and registers will be kept available for inspection by any Limited Partner or its duly authorized representatives during regular business hours at the registered office of the Partnership.
In general these can be summarised as follows; • Dispute between the Root CA and an Issuing CA is dealt with under Bermuda Law.
This agreement shall be governed and construed in accordance with Bermuda Law and the User submits to the non-exclusive jurisdiction of the Bermuda Courts.
The parties acknowledge and agree that for purposes of Bermuda Law (a) the Amalgamation shall be effected so as to constitute an “amalgamation” and (b) the Amalgamated Company shall be deemed to be an “amalgamated company” in accordance with Section 104 of the Companies Act.
A Bermuda Law Event shall occur and be continuing, provided that any grace period provided under the provisions of this Section 8 or otherwise under this Agreement or under the other Loan Documents applicable to an equivalent breach of covenant under Section 7 shall apply to this Section 8.01(o).
Under Bermuda Law, an annual general meeting must be convened at least once in every calendar year.
On and after the Effective Date, the Reinsurer shall establish and maintain as a liability on its Statutory Financial Returns filed with the BMA, Reserves for the Covered Insurance Contracts ceded hereunder, calculated consistent with (a) the reserve requirements, Bermuda SAP and actuarial principles applicable to the Company under Bermuda Law; and (b) otherwise in accordance with any valuation bases and methods of determining Reserves that may be provided in the Covered Insurance Contracts.
The parties acknowledge and agree that for purposes of Bermuda Law: (i) the Merger shall be effected so as to constitute an “merger” in accordance with S.104H of the Companies Act; and (ii) the Surviving Company shall be deemed to be a “surviving company” as such term is understood under the Companies Act.
Except as required by Bermuda Law, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no Shareholder shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a shareholder of the Company.
The Company is a Bermuda based company which is incorporated under the Bermuda Law of 1981, and is therefore not required to comply with the corporate governance practices followed by U.S. companies under the NYSE listing standards.