London Market Insurers definition

London Market Insurers means those certain underwriters at Lloyd’s, London and those certain London Market Insurance Companies who are party to that Settlement Agreement Between Dow Corning Corporation and certain London Market Insurers approved by Order of the Court entered on March 25, 1996.
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London Market Insurers means all the Names, Underwriters, managing agents and syndicates at Lloyd’s, London, and all the companies doing business in the London Insurance Market which severally subscribed, each in his or its own proportionate share, to one or more of the Subject Insurance Policies. As used immediately above, “companies” shall mean the named corporate entity and all predecessors, successors, affiliates, managing agents, pool companies as such and subsidiaries. Notwithstanding the foregoing, the London Market Insurers listed in Attachment A to this Agreement are not participants in or parties to this Agreement and accordingly have no rights, benefits or obligations under this Agreement.
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London Market Insurers means Lloyd’s Underwriters and the London Market
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Examples of London Market Insurers in a sentence

  • In Olin’s 2006 pretrial correspondence with the London Market Insurers, moreover, Olin clarified that it sought to recover costs associated specifically with remediation for OU1.

  • This Agreement is without prejudice to positions taken by the London Market Insurers with regard to other insureds, and without prejudice with regard to positions taken by GATX with regard to other insurers.

  • It is the intention of GATX to reserve no rights or benefits whatsoever under or in connection with the Subject Insurance Policies with respect to any past, present or future Claims (as defined) and to assure the settling London Market Insurers their peace and freedom from such Claims and from all assertions of rights in connection with such Claims.

  • Following execution of this Agreement and within two (2) days after GATX receives the payments provided for in Paragraph 2 above, GATX and London Market Insurers shall be obliged to make all appropriate filings and appearances to dismiss, with prejudice, their claims in the Declaratory Judgment Action, with the Parties to bear their own costs, expenses and attorneys’ fees.

  • In the event that GATX does not receive the total Settlement Amount by the date specified in Paragraph 2 above, London Market Insurers shall identify to GATX each London Market Insurer who has not paid its allocated share of the Total Settlement Amount.

  • Within 90 days after signing this Agreement, the London Market Insurers shall pay to GATX a total settlement amount of forty-five million United States Dollars ($45,000,000.00) (hereinafter the “Total Settlement Amount”).

  • The Persons signing this Agreement represent and warrant that they are duly authorized to execute this Agreement on behalf of GATX and London Market Insurers, and to bind said entities to the terms, conditions, provisions, duties and obligations set forth in this Agreement.

  • Additionally, Olin agreed to the stipulation with OneBeacon only because it expected full indemnification from the London Market Insurers through its recovery at trial.

  • GATX acknowledges that the obligations of the London Market Insurers are several, and not joint.

  • Second, it was important to share intelligence among law- enforcement agencies within a country and among the appropriate authorities of partner countries to facilitate the expeditious screening of visa applicants.


More Definitions of London Market Insurers

London Market Insurers means all the Names, Underwriters, and syndicates at Lloyd's, London, and all the companies doing business in the London Insurance Market which severally subscribed, each in his or its own proportionate share, to one or more of the Subject Insurance Policies (such insurers are identified in Attachment B to this Agreement). London Market Insurers shall also include: (i) all Names, Underwriters, and syndicates at Lloyd's, London, whether or not identified in Attachment B hereto, who subscribed to any insurance policies (a) the existence of which has not presently been established but which were issued to Transtech or (b) the existence of which has been established but the identities of the Names, Underwriters and syndicates at Lloyd's, London, are not presently known; and,
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London Market Insurers shall also include: (i) all Names, Underwriters, and syndicates at Lloyd's, London, whether or not identified in Attachment B hereto, who subscribed to any insurance policies (a) the existence of which has not presently been established but which were issued to Transtech or (b) the existence of which has been established but the identities of the Names, Underwriters and syndicates at Lloyd's, London, are not presently known; and,
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London Market Insurers means Lloyd’s Underwriters and the London Market Companies. The terms “London Market Insurers” and “LMI” are used interchangeably in the Plan and Disclosure Statement and have the same meaning.
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London Market Insurers means, collectively, certain Underwriters at Lloyd’s London and certain London Market Companies.
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Related to London Market Insurers

  • Reuters Screen US PRIME 1 Page” means the display on the Reuter Monitor Money Rates Service (or any successor service) on the “US PRIME 1” page (or any other page as may replace that page on that service) for the purpose of displaying prime rates or base lending rates of major United States banks.

  • the London Stock Exchange means London Stock Exchange plc;

  • London Stock Exchange means London Stock Exchange plc;

  • published market means, for a class of securities, a marketplace on which the securities are traded, if the prices at which they have been traded on that marketplace are regularly

  • Relevant market area means as follows:

  • Reuters Screen US PRIME 1 Page means the display on the “US PRIME 1” page on the Reuters 3000 Xtra service, or any successor service, or any replacement page or pages on that service, for the purpose of displaying prime rates or base lending rates of major U.S. banks.

  • Market Abuse means any unscrupulous behavior addressed by applicable regulations.

  • exempt market dealer means a person or company registered in the category of exempt market dealer;

  • Recognised Market means any stock exchange or market specified in the Prospectus provided that, with the exception of permitted investments in unlisted securities and off- exchange derivative instruments, investment in securities or financial derivative instruments will be made only in securities or financial derivative instruments listed or traded on an exchange or market (including derivative markets) which meets the regulatory criteria (regulated, operating regularly, recognised and open to the public) and which is listed in the Prospectus.

  • Financial Markets means international financial markets in which currency and other financial assets exchange rates are determined in multi-party trade.

  • Reuters Screen USPRIME 1 Page means the display designated as page "USPRIME 1" on the Reuters Monitor Money Rates Service, or any successor service, or any other page as may replace the USPRIME 1 Page on that service for the purpose of displaying prime rates or base lending rates of major United States banks.

  • LIBOR Market Index Rate means, for any day, LIBOR as of that day that would be applicable for a LIBOR Loan having a one-month Interest Period determined at approximately 10:00 a.m. Central time for such day (rather than 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period as otherwise provided in the definition of “LIBOR”), or if such day is not a Business Day, the immediately preceding Business Day. The LIBOR Market Index Rate shall be determined on a daily basis.

  • Relevant Market means the market for overnight cash borrowing collateralised by US Government securities.

  • Main Market means the main securities market of the London Stock Exchange;

  • Flea market means a market place, other than a dealer's location licensed under this chapter, where a space or location is provided for a fee or compensation to a seller to exhibit and offer for sale or trade, motor vehicles to the general public.

  • Reuters Screen US PRIME1 Page means the display designated as page “US PRIME1” on the Reuters Monitor Money Rates Service (or such other page as may replace the US PRIME1 page on that service for the purpose of displaying prime rates or base lending rates of major United States banks).

  • London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

  • Normal Market Size for CFD trading shall mean the maximum number of units of the Underlying Asset that are transmitted by the Company for execution.

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Issuer or any Restricted Subsidiary, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of co-insurance in an amount up to $150.0 million) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth in this Indenture.

  • Spot Market Backup means the purchase of energy from, or the delivery of energy to, the PJM Interchange Energy Market in quantities sufficient to complete the delivery or receipt obligations of a bilateral contract that has been curtailed or interrupted for any reason.

  • EEA Financial Institution means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

  • Mid-Market Swap Rate Quotation means a quotation (expressed as a percentage rate per annum) for the relevant Mid-Market Swap Rate;

  • Applicable Insurance Regulatory Authority means, when used with respect to any Insurance Subsidiary, the insurance department or similar administrative authority or agency located in (x) the state or other jurisdiction in which such Insurance Subsidiary is domiciled or (y) to the extent asserting regulatory jurisdiction over such Insurance Subsidiary, the insurance department, authority or agency in each state or other jurisdiction in which such Insurance Subsidiary is licensed, and shall include any Federal insurance regulatory department, authority or agency that may be created in the future and that asserts regulatory jurisdiction over such Insurance Subsidiary.

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • Reporting Financial Institution means a Reporting Finnish Financial Institution or a Reporting U.S. Financial Institution, as the context requires.

  • Individual market means the market for health insurance coverage offered to individuals other than