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 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, (ii) those companies doing business in the London Insurance Market, (but only those companies identified in Section I of Attachment B hereto and that make the payment called for in Attachment D hereto), who subscribed to any insurance policies: (a) the existence of which has not presently been established but were issued to Transtech or (b) the existence of which has been established but the identity of such company as a subscribing insurer is not presently known. As used herein, "companies" shall mean the named corporate entity and all predecessors, successors, affiliates, pool companies as such and subsidiaries. Notwithstanding the foregoing, the London Market Insurers listed in Section II of Attachment B and in Attachment C 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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Examples of London Market Insurers in a sentence

  • We further vacate and remand for the district court to apply the OneBeacon insurance policies’ prior insurance provision and to determine the effect of Olin’s prior settlements with its London Market Insurers on the recovery available under the One- Beacon policies, in accordance with the analysis set forth in Part II.E of this opinion.

  • LMI will not “gross-up” for any Settlement Agreement amount that is the responsibility of Insolvent London Market Insurers.

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

  • 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.

  • Plaintiffs are collectively referred to in this action and opinion as the London Market Insurers (“LMI”).

  • Id. FMMG did not make a claim under the policy and then filed a third-party complaint against the London Market Insurers alleging that it is entitled to coverage under the relevant insurance policy on the basis that it is an additional assured.

  • 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.

  • The Insolvent London Market Insurers and the Co-Subscribers were not represented in the Insurance Coverage Adversary Proceeding.

  • 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”).

  • Section 7 (f) of the CIP Agreement states: On a quarterly basis, Ashland shall deliver to the Representative of the London Market Insurers an invoice for amounts due and owing for the previous quarter, along with supporting documentation for all amounts invoiced .


More Definitions of London Market Insurers

London Market Insurers means Lloyd’s Underwriters and the London Market
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London Market Insurers means, collectively, certain Underwriters at Lloyd’s London and certain London Market Companies.
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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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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 have traded that discloses regularly in a publication of general and regular paid circulation or in a form that is broadly distributed by electronic means the prices at which those securities have traded;

  • 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 to the Market Abuse Law of 2016 (Law 102(I)/2016) and as amended, supplemented and/or replaced from time to time.

  • 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, the rate for one-month U.S. dollar deposits as reported on Telerate Page 3750 as of 11:00 a.m., London time, for such day, provided, if such day is not a LIBOR Business Day, the immediately preceding LIBOR Business Day (or if not so reported, then as determined by the Swingline Lender from another recognized source or interbank quotation).

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

  • Main Market means the Main Market of the London Stock Exchange plc;

  • 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.

  • 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.

  • 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 the insurance department or similar insurance regulatory or administrative authority or agency of the jurisdiction in which the Company is domiciled.

  • 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

  • Federal Flood Insurance means federally backed Flood Insurance available under the National Flood Insurance Program to owners of real property improvements located in Special Flood Hazard Areas in a community participating in the National Flood Insurance Program.

  • Abnormal Market Conditions means conditions contrary to Normal Markets Conditions e.g. when there is low liquidity in the market or rapid price movements in the market or Price Gaps.