FSS Business definition

FSS Business has the meaning set forth in the Master Transaction Agreement.
View Source
FSS Business means (a) the business conducted by Seller and its Affiliates (including the Acquired Companies) through the “full-service solutions” division of the retirement business segment of Seller, including the business of record keeping, directed trust and custody services, third-party and proprietary investments (including, as applicable, insurance company separate accounts, mutual funds, collective trusts and stable value products), participant education and guidance services, investment advisory services (including for stable value and income products and separate accounts), and group annuity contracts offering minimum guaranteed withdrawal benefits, in each case, for or in connection with Retirement Plans (other than Affiliate Retirement Plans) in the corporate, government, healthcare and ▇▇▇▇-▇▇▇▇▇▇▇ markets in the United States and its territories, as well as the business of offering products and services to participants in such Retirement Plans in connection with Individual Retirement Accounts, (b) Seller and its Affiliates’ (including the Acquired Companies) business of offering and providing the FSS Financial Wellness Tools, (c) PGIM’s business of providing asset management services for stable value assets associated with such “full-service solutions” division and
View Source
FSS Business means the fixed satellite services business provided by the Seller and Loral Asia Pacific Satellite (HK) Limited including, but not limited to, leasing transponder capacity to customers for various applications, including broadcasting, news gathering, internet access and transmission, private voice and date networks, business television, distance learning and direct-to-home television;
View Source

Examples of FSS Business in a sentence

  • The Covered Insurance Policies constitute all of the in force Policies issued, renewed or assumed in connection with the FSS Business.

  • The books and records of the Acquired Companies and the FSS Business have been maintained in all material respects in accordance with applicable Law.

  • Since January 1, 2019, no Material Insurance Producer has terminated or notified Seller or its Affiliates in writing of its intent to terminate its relationship with Seller or its Affiliates with respect to the FSS Business.

  • Buyer has conducted its own evaluation of the FSS Business, the Acquired Companies and the Purchased Assets and an independent investigation of the financial condition, liabilities and results of operations of the FSS Business and Acquired Companies, and has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of its purchase of the Shares and the Purchased Assets and of its assumption of the Assumed Liabilities.

  • The IT Systems (x) are in reasonable operating condition and are adequate and suitable for the purposes for which they are being used or held for use, (y) perform, and have been maintained by Seller and its Affiliates in material conformance with their documentation, and (z) to the Knowledge of Seller, do not contain any viruses, Trojan horses, disabling code or “malware” that would reasonably be expected to materially interfere with the ability of Buyer or its Affiliates to conduct the FSS Business.

  • Immediately following the Closing, Buyer or its Affiliates (excluding the Acquired Companies), as applicable, will be qualified to, and hold all Permits necessary to, provide (i) plan administration and recordkeeping, (ii) investment management and/or investment advisory services, (iii) sponsorship of insurance company products and (iv) trustee, custody and payment services (and related recordkeeping), in each case, in connection with the FSS Business.

  • Except as has not had, or would not reasonably be expected to have, a material adverse effect on the FSS Business, to the Knowledge of Seller, since January 1, 2019, there has been no Data Breach.

  • Except as would not reasonably be expected to be material to the FSS Business, since January 1, 2019, to the Knowledge of Seller, there have not been any incidents of unauthorized access or other security breaches of the IT Systems.

  • Other than the Insurance Producers, no Persons write, market, sell or produce products of the FSS Business in exchange for compensation.

  • The Separate Accounts are all of the separate accounts utilized in the FSS Business.