Examples of Membership Byelaw in a sentence
These requirements are made under section 6 Lloyd’s Act 1982, paragraph 63 of the Underwriting Byelaw and paragraph 40 of the Membership Byelaw.
Lloyd’s having given prior written consent in writing in accordance with paragraph 12 of the Membership Bye-law (No. 5 of 2005) in terms satisfactory to the Seller and the Purchaser (each acting reasonably and in good faith) that it approves or has no objection to the Purchaser, any other relevant member of the Purchaser’s Group and any other relevant person acquiring control (within the meaning of the Definitions Bye-law (No. 7 of 2005)) of FCNL.
Subject to the duties of Lloyd’s as trustee of all such Funds at Lloyd’s and to any conditions and requirements prescribed under the Membership Byelaw which are applicable, the Borrower will cause the Corporate Member and the Managing Agent to use their best efforts to cause the Primary FAL of the Supported Syndicate to be applied to its obligations and only after such Primary FAL has been exhausted, to draw under the Letters of Credit.
Each of the parties hereto agrees and acknowledges that, subject to the duties of Lloyd's as trustee of all Funds at Lloyd's and to any conditions and requirements prescribed under the Membership Byelaw (No. 5 of 2005) which are for the time being applicable, the Letters of Credit will provide Funds at Lloyd's for the Account Parties and shall only be applied in accordance with the applicable rules or procedures of Lloyd's.
Except where otherwise provided, the words and expressions used in these conditions and requirements have the meaning given to them in the Membership Byelaw (No. 5 of 2005), the Definitions Byelaw (No. 7 of 2005) or the Membership and Underwriting Conditions and Requirements (Funds at Lloyd’s).
This Declaration is made in accordance with the requirements of the Membership Byelaw (No.17 of 1993) (the Byelaw) and the Membership and Underwriting Requirements (Corporate Member).
Each of the parties hereto agrees and acknowledges that, subject to the duties of Xxxxx'x as trustee of all Funds at Lloyd's and to any conditions and requirements prescribed under the Membership Byelaw (No. 5 of 2005) which are for the time being applicable, the Letters of Credit will provide Funds at Lloyd's for the Account Parties and shall only be applied in accordance with the applicable rules or procedures of Lloyd's.
These requirements are made under section 6 Lloyd’s Act 1982, paragraph 63 ofthe Underwriting Byelaw and paragraph 40 of the Membership Byelaw.
Each of the parties hereto agrees and acknowledges that, subject to the duties of Xxxxx'x as trustee of all Funds at Lloyd's and to any conditions and requirements prescribed under the Membership Byelaw (No. 5 of 2005) which are for the time being applicable, the Letters of Credit will provide Funds at Xxxxx'x for the Account Parties and shall only be applied in accordance with the applicable rules or procedures of Lloyd's.
Subject to the duties of Lloyd’s as trustee of all such Funds at Lloyd’s and to any conditions and requirements prescribed under the Membership Byelaw which are applicable, the Borrower will cause the Corporate Members and the Managing Agent to use their best efforts to cause the Primary FAL of the Supported Syndicate to be applied to its obligations and only after such Primary FAL has been exhausted, to draw under the Letters of Credit.