Managing Agent’s Agreement definition
Managing Agent’s Agreement means an agreement between an underwriting member and a managing agent in the terms of the Standard Managing Agent’s Agreement (Corporate Member) or in the same terms as this Agreement (or where such Agreement has been amended in accordance with clause 15.1 hereof, in those terms as amended);
Managing Agent’s Agreement means an agreement between an underwriting member of Lloyd’s and a managing agent in the terms of the Standard Managing Agent’s Agreement (General) or (where the underwriting member is not party to a Members’ Agent’s Agreement) in substantially the same terms as this Agreement (or where such Agreement has been amended in accordance with clause 15.1 hereof, in those terms as amended);
Managing Agent’s Agreement means an agreement between a Name and the Managing Agent in the terms of the standard agreement set out in Schedule 3 or Schedule 4 to the Agency Agreements Byelaw (No. 8 of 1988) regulating the Name’s participation in the Managed Syndicate for the relevant Year of Account;
Examples of Managing Agent’s Agreement in a sentence
CSL has not given to or received from any Member of a Syndicate and/or Syndicate 6130 as constituted for the 2018 Year of Account notice to terminate the Managing Agent’s Agreement between CSL and such Member (or CSL’s appointment under such agreement) or applied to Lloyd’s for permission to give any such notice, and CSL has not received notice of any intention on the part of any such Member not to underwrite for the 2019 Year of Account as a member of that Syndicate and/or Syndicate 6130.
More Definitions of Managing Agent’s Agreement
Managing Agent’s Agreement means a managing agent’s agreement in Lloyd’s standard form as prescribed by Lloyd’s Regulation; “March 31 Balance Sheet” has the meaning given in sub-clause 5.2 (Consideration) ; “Material Adverse Change” means: (i) a material breach by FSML of the performance framework of minimum standards, resulting in Lloyd's revoking (or announcing its decision to revoke) FSML’s licences and approvals to act as a managing agent; (ii) FSA revoking (or announcing its decision to revoke) FSML's permissions under Part IV of FSMA; or (iii) the cessation of trading of the Target Group; or (iv) a material breach by the Seller of sub-clause 4.1 of this Agreement (provided that, for such purposes, a breach shall be a material breach only if such breach is of such seriousness, magnitude and impact that it is material in the context of the transactions contemplated by the Share Purchase Documents taken as a whole); “Material Adverse Effect” means a material adverse effect on the business, financial condition or results of operations of the Target Group taken as a whole (or Purchaser and the Target Group taken as a whole) excluding, in any such case, any event, circumstance or change resulting from (i) any Disclosed Matter(s), (ii) changes in stock markets, interest rates, exchange rates, commodity prices or other general economic conditions, (iii) changes in laws, regulations, accounting or actuarial practices, (iv) changes, circumstances or events resulting in liabilities under property or casualty insurance or reinsurance, including any effects resulting from any earthquake, hurricane, tornado, windstorm or other effects of weather or acts of God, attack, outbreak, hostility, terrorist activity, act or declaration of war or act of public enemies or other calamity, crisis or geopolitical event, (v) any change or announcement of a potential change in the Company's or any Subsidiary's credit, capital or financial strength rating, or (vi) any transaction contemplated by the Share Purchase Documents or the change in control resulting from the sale and purchase of the Shares, except, in the case of (ii), (iii) and (iv) above, to the extent such effect referred to therein has had a materially disproportionate impact on the business, financial condition or results of operations of the Target Group taken as a whole, relative to other companies and businesses operating in the same industry as the Target Group. In addition to the foregoing, the determination of the monetary value or impa...
Managing Agent’s Agreement means a managing agent’s agreement in Lloyd’s standard form as prescribed by Lloyd’s Regulation;