Examples of Designated Representatives in a sentence
The Company shall consult with, and consider in good faith any recommendations of, the Designated Representatives in regard to the development of the overall reinsurance plan for the Company and its Subsidiaries, as well as on any determination to enter into, renew and modify any Ceded Reinsurance Contract.
The Designated Representatives shall use their best efforts to resolve disputes and issues arising out of or related to the matters covered by this Agreement.
The Designated Representatives shall meet within three (3) business days of receiving the written notice in an attempt to resolve the dispute.
Among other things, the Company and the Designated Representatives will cooperate and consider in good faith modifications to the Company’s 2019 reinsurance program that may result in a different overall mix of reinsurance protection than in past periods, with a focus on downside protection with greater emphasis on excess of loss and catastrophe coverage and less overall emphasis on quota-share reinsurance.
If the Designated Representatives cannot resolve the dispute, the Executive Director of the District and the Director of the City’s Public Works Department shall meet within ten (10) business days of being notified by the Designated Representatives and shall engage in good faith negotiations to resolve the dispute.