Business Carrier definition

Business Carrier means a Carrier associated with the Business pursuant to a Producer Contract and/or a Binding Authority or that has paid commissions to the Companies or Company Subsidiaries or any employee thereof within twenty-four (24) months prior to the Closing Date.
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Examples of Business Carrier in a sentence

  • Other than as set forth on Schedule 3.22(d), neither the Companies nor a Company Subsidiary (y) is currently engaged in any material dispute with any Business Carrier, and (z) since the Balance Sheet Date has received any written notice or, to the Knowledge of Sellers and the Companies, any other communication that any Business Carrier intends to terminate or materially modify its Contract or appointment with respect to the Companies or the Company Subsidiaries or intends to do so.

  • Since January 1, 2015, the Companies and each Company Subsidiary has segregated and otherwise treated all cash payable to, or otherwise held on behalf of, any Broker, Insured or Business Carrier, in compliance in all material respects with applicable Law.

  • Neither the Companies nor any Company Subsidiary nor any employee thereof is in default under any material obligations to any Business Carrier or Producer through which it places insurance, nor does any Business Carrier or Producer claim that any such default exists.

  • For the avoidance of doubt, in the case of an Agreement between Contractor and the Atlantic Joint Business, amendments must be agreed to in writing by the Contractor and each Atlantic Joint Business Carrier, but not JL; amendments to an Agreement between the Contractor and the Pacific Joint Business should be agreed to in writing between the Contractor and the Pacific Joint Business Carrier, but not BA, IB, or AY.

  • For the avoidance of doubt, in the case of an Agreement between Contractor and the Atlantic Joint Business, amendments must be agreed to in writing by the Contractor and each Atlantic Joint Business Carrier, but not JAL; and amendments to an Agreement between the Contractor and the Pacific Joint Business should be agreed to in writing between the Contractor and the Pacific Joint Business Carrier, but not BA and IB.

  • The Companies or a Company Subsidiary has a valid and effective Contract or appointment to act as an agent and/or managing general agent with Binding Authority for each Business Carrier.