EXEL Limited definition

EXEL Limited means EXEL Limited, a corporation organized under the laws of the Cayman Islands, British West Indies. EXEL Limited is the sole shareholder of X.L. Insurance Company, Ltd., except for a nominal number of shares owned by two nominee shareholders required by the Bermuda Companies Law.
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EXEL Limited means (i) until consummation of the 1998 Merger, EXEL Limited, a corporation organized under the laws of the Cayman Islands, British West Indies which, on the date of this Agreement, is the sole shareholder of X.L. Insurance Company, Ltd., except for a nominal number of shares owned by two nominee shareholders required by the Bermuda Companies Law and (ii) from and after consummation of the 1998 Merger, EXEL Limited, a corporation organized under the laws of the Cayman Islands, British West Indies which is referred to as "New EXEL" in the 8-K Report referred to in the definition of 1998 Merger below.
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EXEL Limited appearing in Section 1.01 of the Credit Agreement is hereby amended to read as follows:
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Examples of EXEL Limited in a sentence

  • New Parent shall be renamed "EXEL Limited" after the Effective Time.

  • EXEL Acquisition shall be released from its obligations under this Agreement upon the merger of EXEL Acquisition into a subsidiary of EXEL Limited so long as such successor entity assumes the obligations of EXEL Acquisition under this Agreement or such assumption occurs by operation of applicable Law and the Borrowers furnish to the Agent an opinion of counsel in form and substance satisfactory to the Agent to such effect.

  • Subject to and by virtue of the orders of the Court under Section 85(2) of the Companies Law sanctioning the Schemes, the terms of the Schemes and the provisions for surrender of the certificates representing Shares shall be as set forth in the Mid Ocean Limited Scheme of Arrangement and the EXEL Limited Scheme of Arrangement which shall be in a form agreed by the parties.

  • EXEL Limited will mail to the holder of this certificate a copy of the Rights Agreement as in effect on the date of mailing without charge within five Business Days after receipt of a written request therefor.

  • The purposes of the Directors Stock & Option Plan are to advance the interests of EXEL Limited and its shareholders by providing a means to attract, retain, and motivate non-employee directors of the Company upon whose judgment, initiative and efforts the continued success, growth and development of the Company is dependent.

  • EXHIBIT B SUMMARY OF RIGHTS TO PURCHASE ORDINARY SHARES On September 11, 1998 the Board of Directors of EXEL Limited (the "Company") declared a dividend distribution of one Right for each outstanding Ordinary Share, U.S. $.01 par value (the "Ordinary Shares"), of the Company.

  • FIRST AMENDMENT TO EXEL LIMITED DIRECTORS STOCK & OPTION PLAN The EXEL Limited Directors Stock & Option Plan (the "Plan") is hereby amended, effective as of December 1, 1995, as follows; provided, however, that this amendment, and the grant of the additional Options provided for herein, shall be contingent upon approval of this amendment by the affirmative votes of the holders of a majority of voting securities of EXEL Limited at a meeting duly held during calendar year 1996.


More Definitions of EXEL Limited

EXEL Limited each place it appears in the Agreement with the term "XL Capital" and (iv) by replacing the term "EXEL Limited's" each time it appears in the Agreement with the term "XL Capital's".
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