Data Input Inaccuracies means inaccuracies or omissions in (a) the inputting of factual data, including data (and omission of data) relating to the inventory of Vehicle Service Contracts in force, the terms of such Vehicle Service Contracts, the relevant information related to the holders of such Vehicle Service Contracts and transactions related thereto, or (b) the coding, compilation or aggregation of such factual data.
Data Input Inaccuracies means inaccuracies or omissions to the extent arising from (i) the inputting of factual data relating to the Group Contracts or (ii) the coding, compilation or aggregation of such factual data in connection with such inputting.
Data Input Inaccuracies means inaccuracies or omissions arising from (i) the inputting of factual data utilized in the calculation of Reserves or listing of the Investment Assets, including data (and omission of data) relating to the inventory of Investment Assets or Insurance Contracts in force, the terms of such Insurance Contracts, the relevant information related to the insureds of such Insurance Contracts and transactions related thereto, (ii) the coding, compilation or aggregation of such factual data in connection with such inputting or (iii) the design, methodology, implementation or performance of information technology used by the Company or their third-party providers in the calculation of Reserves, excluding, in the case of the foregoing clauses (i) and (iii), any such inaccuracies or omissions resulting from reasonable judgments made by an actuary or other financial or investment professional as to the scope or accuracy of such factual data inputs (or omissions of such factual data inputs) or the design, methodology, implementation or performance of such information technology.
Examples of Data Input Inaccuracies in a sentence
In some premises it may not always be possible to achieve the minimum standards set out.
To the Knowledge of Seller, no data provided in connection with the preparation of the claims reserves set forth in the Actuarial Memoranda were inaccurate or incomplete in any material respect or contained any material Data Input Inaccuracies.
More Definitions of Data Input Inaccuracies
Data Input Inaccuracies means material inaccuracies or omissions arising from (i) the inputting of factual data required to be utilized under SAP in the calculation of Reserves, including data (and omission of data) relating to the Acquired Companies’ and APNY’s Traditional Insurance Policies in force, the terms of such Traditional Insurance Policies, the relevant information related to the insureds of such Traditional Insurance Policies and transactions which have occurred related thereto or (ii) the coding, compilation or aggregation of such factual data in connection with such inputting.
Data Input Inaccuracies means inaccuracies or omissions in (a) the inputting of factual data relating to the determination of claims reserves under the Reinsurance Contracts or (b) the coding, compilation or aggregation of such factual data.
Data Input Inaccuracies means inaccuracies or omissions in (i) the inputting of factual data, including data (and omission of data) relating to the inventory of Insurance Contracts in force, the terms of such Insurance Contracts, the relevant information related to the owners, annuitants or insureds of such Insurance Contracts, the Reserves, Investment Assets of the Companies (as applicable), and transactions related thereto, or (ii) the coding, compilation or aggregation of such factual data, in either case other than omissions in the factual data inputs resulting from reasonable judgments made by an actuary or other financial professional employed or engaged by or for the benefit of the Companies as to the scope of factual data inputs (or omissions of factual data inputs).
Data Input Inaccuracies means material inaccuracies or omissions to the extent arising from (i) the inputting of factual data utilized in the calculation of Reserves or listing of the Investment Assets or the Modco Assets, including data (and omission of data) relating to the inventory of Investment Assets, or Modco Assets or Covered Insurance Policies in force, the terms of such Covered Insurance Policies, the relevant information related to the insureds of such Covered Insurance Policies and transactions related thereto, or (ii) the coding, compilation or aggregation of such factual data in connection with such inputting, in either case other than inaccuracies or omissions in the factual data inputs resulting from reasonable judgments made by an actuary or other financial or investment professional as to the scope or accuracy of such factual data inputs (or omissions of such factual data inputs).
Data Input Inaccuracies means inaccuracies or omissions in (i) the inputting of factual data, including data (and omission of data) relating to the inventory of insurance policies in force, the terms of such policies or contracts, the relevant information related to the owners or insureds of such insurance policies, the Reserves, the Investment Assets held by the Company or its Subsidiaries or insurance policies and transactions related thereto, or (ii) the coding, compilation or aggregation of such factual data, in either case other than omissions in the factual data inputs resulting from reasonable judgments made by an actuary or other financial professional as to the scope of factual data inputs (or omissions of factual data inputs). “EE Realty Loan” means that certain promissory note, dated June 1, 2013, payable by EE Realty, Inc. to NTAL. “EE Realty Payoff Amount” means the unpaid principal and accrued interest as of the Closing Date on the EE Realty Loan. “Employee” means any current employee of the Company or any of its Subsidiaries. “Employee Plan” means a written or unwritten plan, policy, program, agreement or arrangement, whether covering a single individual or a group of individuals, sponsored, maintained or contributed to by Seller or any ERISA Affiliate, which provides benefits or compensation to or on behalf of Employees, or any of their beneficiaries, dependents, spouses or other family members, that is (i) an “employee benefit plan” within the meaning of Section 3(3) of ERISA, (ii) a stock bonus, stock purchase, stock option, restricted stock, stock appreciation right or similar equity-based plan or arrangement, or (iii) any other employment, severance, deferred- compensation, retirement, welfare-benefit, bonus, retention, termination, change in control, incentive or fringe benefit plan, policy, program, agreement or arrangement. “ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations promulgated thereunder. “ERISA Affiliate” means an entity (whether or not incorporated) required to be treated as a single employer with the Company or any of its Subsidiaries under Section 414 of the Code. - 5 -
Data Input Inaccuracies means inaccuracies or omissions in (i) the inputting of factual data, including data (and omission of data) relating to the inventory of insurance policies in force, the terms of such policies or contracts, the relevant information related to the owners or insureds of such insurance policies, the Reserves, the Investment Assets held by the Company or Abacus or insurance policies and transactions related thereto, or (ii) the coding, compilation or aggregation of such factual data, in either case other than omissions in the factual data inputs resulting from reasonable judgments made by an actuary or other financial professional as to the scope of factual data inputs (or omissions of factual data inputs). “Deferred Tax Asset” means, as of any date of determination, the gross deferred tax assets, reduced by any statutory valuation allowances and any nonadmitted deferred tax assets, of the Company as of such date as would be reported in footnote 9.A.1. in the Notes to Financial Statements in the National Association of Insurance Commissioners statement blank used to
Data Input Inaccuracies means inaccuracies or omissions to the extent arising from (i) the inputting of factual data relating to the Group Contracts or (ii) the coding, compilation or aggregation of such factual data in connection with such inputting. “Deductible” has the meaning given to such term in Section 10.03(a). “Discretionary Turnover Allowance” has the meaning given to such term in Section 5.11(b)(i)(B). “Distribution Agreement” has the meaning given to such term in the Recitals. “Effective Time” means 12:00:01 a.m. on the first calendar day of the month in which the Closing occurs. “Employee” means each employee of Seller or any of its Affiliates whose name is set forth on Section 6.01(a)(i) of the Seller Disclosure Schedule, as such section of the Seller Disclosure Schedule may be updated in accordance with Section 6.01(a). For the avoidance of doubt, such section of the Seller Disclosure Schedule shall include such employees who as of the Closing Date are actively employed as well as such employees who are (i) on a leave of absence (including temporary leave for purposes of jury or military duty, maternity or paternity leave, leave under the Family Medical Leave Act of 1993, approved personal leave or disability or medical leave), (ii) on a vacation or paid time off or (iii) hired by Seller or any of its Affiliates in accordance with the terms and conditions of the Employee Leasing Agreement. “Employee Benefit Plan” means each written or unwritten plan, policy, program, agreement and arrangement, other than a Business Employee Benefit Plan, whether covering a single individual or a group of individuals, that is (a) an “employee benefit plan” within the