Managed Syndicate definition
Managed Syndicate means the syndicate specified in the Schedule; ‘‘Relevant Year of Account’’ means the year of account specified in the Schedule; ‘‘Standard Members’ Agent’s Agreement’’ means the form of agreement between an underwriting member of Lloyd’s and a members’ agent prescribed by the Agency Agreements Byelaw (No. 8 of 1988) and set out in Schedule 1 thereof.
Managed Syndicate means each of syndicate 4040 and syndicate 4141 at Lloyd’s (including, if any such syndicate merges, any successor), under the management of the Managing Agent.
Managed Syndicate means the syndicate specified in the Schedule;
Examples of Managed Syndicate in a sentence
Each Obligor shall not (and shall procure that the Managing Agent shall not), without the prior consent of the Majority Lenders, make a material change to the investment strategy of the Managed Syndicate as presented to the Agent prior to the date hereof in relation to the granting of the Facility to the Borrower.
More Definitions of Managed Syndicate
Managed Syndicate means a syndicate of which the Corporate Member is a member and in respect of which the Agent is the managing agent;
Managed Syndicate means Syndicate 1183 at Lloyd's, which is currently under the management of the Managing Agent.
Managed Syndicate means syndicate 5151 (or any successor if such person merges) at Lloyd’s.
Managed Syndicate means Managed Syndicate No. 2012, Managed Syndicate No. 1955 and the Apollo Managed Syndicate.
Managed Syndicate means each underwriting syndicate at Lloyd's in which either (i) any Subsidiary of Holdings is acting as the managing agent for such syndicate or (ii) Holdings and its Subsidiaries collectively provide 50% or more of the underwriting capital for such syndicate.
Managed Syndicate means Syndicate 1301 at Lloyd's;
Managed Syndicate means Cincinnati Global Syndicate 318; provided, that, the Managed Syndicate shall at all times be managed by the Managing Agent. “Managing Agent” shall mean Cincinnati Global Underwriting Agency Ltd. “Material Adverse Change” shall mean any set of circumstances or events which (a) has any material adverse effect whatsoever upon the validity or enforceability of this Agreement or any other Loan Document, (b) is material and adverse to the business, properties, assets, financial condition or results of operations of the Borrowers taken as a whole, (c) materially impairs the ability of the Borrowers taken as a whole to duly and punctually pay or perform any of the Obligations, or (d) impairs materially the ability of the Administrative Agent or any of the Lenders, to the extent permitted, to enforce their legal remedies pursuant to this Agreement or any other Loan Document. “Member” shall mean an underwriting member of ▇▇▇▇▇’▇. “▇▇▇▇▇’▇” shall mean ▇▇▇▇▇’▇ Investor Service, Inc. and any successor thereto. “Multiemployer Plan” shall mean any employee benefit plan which is a “multiemployer plan” within the meaning of Section 4001(a)(3) of ERISA and to which the Company or any member of the ERISA Group is then making or accruing an obligation to make contributions or, within the preceding five Plan years, has made or had an obligation to make such contributions. “New Lender” shall have the meaning specified in Section 9.9. “Non-Defaulting Lender” shall mean, at any time, each Lender that is not a Defaulting Lender at such time. “Notes” shall mean, collectively, the promissory notes in the form of Exhibit 1.1(N)