Examples of Haul Insurance in a sentence
Haul Insurance shall take appropriate measures (through reinsurance and other appropriate means) to reduce the insurance risk and exposure relating to such third party insurance to an amount not in excess of the capital provided to support such activities.
Haul Insurance has no assets or liabilities other than those associated with the provision of insurance and related services.
Haul Insurance has taken the appropriate measures (through reinsurance and other appropriate means) to reduce the insurance risk and exposure relating to such third party insurance to an amount not in excess of the capital provided to support such activities.
The insurance and related services of Haul Insurance not provided for the benefit of the Parent or its Subsidiaries are provided to third parties and the insurance premiums charged and collected with respect thereto are segregated from any cash or other assets of the Parent and its other Subsidiaries.
Such policies of insurance (to the extent applicable) are maintained with financially sound and reputable insurance companies (which may include Haul Insurance), funds or underwriters and are of the kinds, cover such risks and are in such amounts, with such deductibles and exclusions, as are consistent with the general practices of businesses engaged in similar activities.
The Borrower shall cause Haul Insurance to engage exclusively in the business of providing insurance and related services, substantially all of which insurance and related services shall be provided for the benefit of the Borrower and its other Subsidiaries, except as permitted pursuant to Section 8.13 hereof.
Effective as of the Execution Date, Employee resigns as a member of the Board of Directors and as an officer of all subsidiaries and affiliates of Company, including, but not limited to, Haul Insurance, Ltd.
The Series C Stock, and the shares, if any, of any other series of preferred stock of this corporation having a preferential right to dividends equal or superior to the rights of the holders of Series C Stock, shall be preferred as to the payment of cash dividends, so declared by the Board of Directors, over the Common Stock and any other shares of capital stock of this corporation ranking below the Series C Stock with respect to the payment of dividends.
Haul Insurance has no assets or liabilities other than an intercompany note receivable related to the Axis Netherlands L/C and those associated with the provision of insurance and services related thereto, and does not conduct and is not engaged in any business activities other than such business and activities as they relate to the provision of insurance and services related thereto substantially all of which insurance and related services are provided for the benefit of the Parent or its Subsidiaries.
The Borrower shall cause Haul Insurance to engage exclusively in the business of providing insurance and related services, substantially all of which insurance and related services shall be provided for the benefit of the Borrower and its other Subsidiaries, except as permitted pursuant to ss.8.13 hereof.