Covered Agent definition

Covered Agent means any Agent subject to the Bail-In Legislation.
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Covered Agent has the meaning set forth in the introductory paragraph of this Agreement.
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Examples of Covered Agent in a sentence

  • After notice from the Company to Covered Agent of its election to assume the defense thereof, the Company will not be liable to Covered Agent under this Agreement for any expenses subsequently incurred by Covered Agent in connection with the defense thereof except for reasonable costs of investigation or otherwise as provided below.

  • The knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Company or the Company itself shall not be imputed to Covered Agent for purposes of determining any rights under this Agreement.

  • In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Covered Agent, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce such rights.

  • Any determination concerning Covered Agent’s right to indemnification that is adverse to Covered Agent may be challenged by Covered Agent in the Court of Chancery of the State of Delaware.

  • The definition of Proceeding shall be considered met if Covered Agent in good faith believes the situation might lead to the institution of a Proceeding.

  • Covered Agent, in such enforcement action, if successful in whole or in part, shall be entitled to be paid also the expense of prosecuting Covered Agent’s claim.

  • Covered Agent shall be entitled under this Agreement to indemnification by the Company for a portion of the Expenses that Covered Agent becomes legally obligated to pay in connection with any Proceeding referred to in Section 3 hereof even if not entitled hereunder to indemnification for the total amount thereof, and the Company shall indemnify Covered Agent for the portion thereof to which Covered Agent is entitled.

  • No determination by the Company (including without limitation by its directors or any independent counsel) that Covered Agent has not satisfied any applicable standard of conduct shall be a defense to any claim by Covered Agent for indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that Covered Agent has not met any applicable standard of conduct.

  • Without limiting the generality or effect of the foregoing, within five business days after any request by Covered Agent, the Company shall, in accordance with such request (but without duplication), (i) pay such Expenses on behalf of Covered Agent, (ii) advance to Covered Agent funds in an amount sufficient to pay such Expenses, or (iii) reimburse Covered Agent for such Expenses.

  • The Company and Covered Agent further agree that Covered Agent shall be entitled to such specific performance and injunctive relief, including temporary restraining orders, preliminary injunctions and permanent injunctions, without the necessity of posting bonds or other undertaking in connection therewith.

Related to Covered Agent

  • tied agent means a natural or legal person who, under the full and unconditional responsibility of only one investment firm on whose behalf it acts, promotes investment and/or ancillary services to clients or prospective clients, receives and transmits instructions or orders from the client in respect of investment services or financial instruments, places financial instruments or provides advice to clients or prospective clients in respect of those financial instruments or services;

  • Registered agent means the registered agent of:

  • Impaired Agent means the Agent at any time when:

  • Designated Agent means any entity that performs actions or functions on behalf of the Transmission Provider, a Transmission Owner, an Eligible Customer, or the Transmission Customer required under the Tariff.

  • authorised agent means a passenger sales agent who has been appointed by us to represent us in the sale of air transportation on our services.

  • Titled Agent has the meaning given that term in Section 11.9.

  • Lead Agent has the meaning given to it above;

  • Covered agreement means an agreement entered into pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, 31 U.S.C. 313 and 314, that is currently in effect or in a period of provisional application and addresses the elimination, under specified conditions, of collateral requirements as a condition for entering into any reinsurance agreement with a ceding insurer domiciled in this state or for allowing the ceding insurer to recognize credit for reinsurance.

  • Titled Agents means each of the Syndication Agents, the Documentation Agents, and the Arrangers, and their respective successors and permitted assigns.

  • Authorized Agent means an agent who is legally authorized to bind the Seller under the law of the State in which the Seller is legally organized. An Authorized Agent must sign all documents in the Bid Packet on behalf of the Seller. Under Oklahoma law, the Authorized Agent for each of the following types of entities is as stated below:

  • Designated agency means a contractual relationship

  • Covered Active Duty means (1) in the case of a member of a regular component of the Armed Forces, duty during the deployment of the member with the Armed Forces to a foreign country; and (2) in the case of a member of a reserve component of the Armed Forces, duty during the deployment of the member with the Armed Forces to a foreign country under a call or order to active duty (or notification of an impending call or order to active duty) in support of a contingency operation as defined by applicable law.

  • Covered Accident means an Accident that occurs while coverage is in force and results in a loss for which benefits are payable.

  • Insured”, “You”, “Your means a person:

  • Authorized agency means any duly constituted criminal investigative department or agency of the United States or of this State; the Department of Insurance; the Department of Revenue; the Department of Public Safety; the Workers' Compensation Commission; the State Accident Fund; the Second Injury Fund; the Employment Security Commission; the Department of Consumer Affairs; the Human Affairs Commission; the Department of Health and Environmental Control; the Department of Social Services; the Department of Health and Human Services; the Department of Labor, Licensing and Regulation; all other state boards, commissions, and agencies; the Office of the Attorney General of South Carolina; or the prosecuting attorney of any judicial circuit, county, municipality, or political subdivision of this State or of the United States, and their respective employees or personnel acting in their official capacity.

  • Health agent means an agent licensed in the Commonwealth to sell, solicit, or negotiate insurance

  • Covered Activity means any activity in which a Covered Person must be engaged when a Covered Accident occurs in order to be eligible for benefits under the Policy. These Covered Activities are listed in the Schedule of Benefits and described in the Hazards section of the Policy.

  • Covered Account means an Account established by a financial intermediary for another as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through BNYM.

  • Nominated Bank Account means MDL’s bank account as notified by MDL to the other Party from time to time.

  • Covered veteran means an individual who was a member of the Armed Forces (including a member of the National Guard or Reserves), and was discharged or released under conditions other than dishonorable at any time during the five-year period prior to the first date the eligible employee takes FMLA leave to care for the covered veteran.

  • Authorized agent agreement means the written agreement executed between an authorized agent

  • Covered Dependent means a Dependent whose coverage is in effect. It does not include a Dependent whose coverage has ended.

  • Covered Associate means any general partner, managing member or executive officer, or other individual with a similar status or function, any employee who solicits a government entity for the investment adviser and any person who supervises, directly or indirectly, such employee.

  • Drug-dependent person means a person who is using a

  • Failed Bank Charge-Offs/Write-Downs means, with respect to any Shared- Loss Asset, an amount equal to the aggregate amount of reversals or charge-offs of Accrued Interest and charge-offs and write-downs of principal effected by the Failed Bank with respect to that Shared-Loss Asset as reflected on the Accounting Records of the Failed Bank.

  • Nominated Representative means, in respect of each party, the person whose details are set out in the Special Conditions (if any).