Most Favorable Jurisdiction definition

Most Favorable Jurisdiction means any applicable jurisdiction most favorable to the insurability of the matter in question, including where (i) the act, error or omission giving rise to the Breach or the Loss took place, (ii) the Third Party Demand was made, any relief was awarded, (iii) any Insured is organized or has its principal place of business, (iv) the contracting parties to the Acquisition Agreement were located at the time of Closing, (v) the jurisdiction governing the Acquisition Agreement or (vi) the Insurer is organized or has its principal place of business.
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Most Favorable Jurisdiction means the jurisdiction most favorable to insurability where
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Most Favorable Jurisdiction means any jurisdiction, most favoring coverage under this Policy where (i) the act, error or omission giving rise to the Breach or the Loss took place, (ii) the Third Party Claim was made, (iii) any relief was awarded, (iv) any Insured is incorporated or has its principal place of business, or (v) the Insurer is incorporated or has its principal place of business. Notwithstanding the foregoing, this Most Favorable Jurisdiction definition may not be applied to the Insurer in a manner which would require the Insurer to violate any law that applies to this Policy; provided, that the Insurer shall use commercially reasonable efforts to take all actions reasonably necessary to be taken in order to apply this definition in a manner that would give effect to the definition and the intention of the parties without violating any such law. Named Insured means the person or entity stated in Item 1 of the Declarations.
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Examples of Most Favorable Jurisdiction in a sentence

  • Notwithstanding the foregoing, solely for the purposes of determining the insurability of special, punitive and exemplary damages (including treble, multiplied or other damages punitive in nature) or fines and penalties, this Policy, where legally allowable, shall be governed by the applicable law of any Most Favorable Jurisdiction.

  • For smoothing to obtain more prompt forecast capability without the 350-day warmup period of our study, we found the initialization recommendations of[15] readily adaptable.

  • One such alternative now being offered by several domestic carriers is the Most Favorable Jurisdiction Endorsement, which is intended to allow the contracting parties to choose the law of the jurisdiction most favorable to the insurability of punitive damages for purposes of determining coverage for such punitive damages.

  • However, for punitive or exemplary damages that would not have been insurable under this policy without the Punitive or Exemplary Damages Awarded in a Judgment Most Favorable Jurisdiction Endorsement, Self-Insured Retention means the amount of the applicable limits of all Scheduled “underlying insurance”, or all Scheduled Retained Limits wthat would have applied to such damages if they were not deemed to be uninsurable under such Scheduled “underlying insurance” or Scheduled Retained Limits.


More Definitions of Most Favorable Jurisdiction

Most Favorable Jurisdiction means the jurisdiction where the act, condition, error or omission giving rise to the breach or the loss took place, the claim was made, any relief was awarded, where you are incorporated or have your principal place of business, or we are incorporated or have our principal place of business.
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Most Favorable Jurisdiction means any jurisdiction where (i) the act, error or omission giving rise to the Breach or the Loss took place, (ii) the Third Party Claim was made, (iii) any relief was awarded, (iv) any Insured is incorporated or has its principal place of business or (v) any of the Insurers is incorporated or has its principal place of business. Notwithstanding the foregoing, this Most Favored Jurisdiction definition may not be applied to any Insurer or the Underwriting Representative in a manner which would require any Insurer or the Underwriting Representative to violate any law that applies to this Policy; provided, the Insurers and the Underwriting Representative shall use commercially reasonable efforts to take actions necessary to apply this definition in a manner that would give effect to the definition and the intention of the parties without violating any such law.
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Related to Most Favorable Jurisdiction

  • Eligible Jurisdiction means Australia, Canada, Cayman Islands, Germany, Ireland, Luxembourg, New Zealand, Sweden, Switzerland, The Netherlands, the United Kingdom and the United States.

  • Applicable Jurisdiction means the jurisdiction or jurisdictions under which the Borrower is organized, domiciled or resident or from which any of its business activities are conducted or in which any of its properties are located and which has jurisdiction over the subject matter being addressed.

  • Base jurisdiction means the Member Jurisdiction, selected in accordance with Section 305, to which an Applicant applies for apportioned registration under the Plan or the Member Jurisdiction that issues apportioned registration to a Registrant under the Plan.

  • Reference Jurisdiction means, in respect of the Reference Currency, the country (or countries of the currency block) for which the Reference Currency is the lawful currency.

  • Home jurisdiction means the jurisdiction that issued the driver's license of the traffic violator.

  • Uniform Commercial Code jurisdiction means any jurisdiction that had adopted all or substantially all of Article 9 as contained in the 2000 Official Text of the Uniform Commercial Code, as recommended by the National Conference of Commissioners on Uniform State Laws and the American Law Institute, together with any subsequent amendments or modifications to the Official Text.

  • Non-Cooperative Jurisdiction means any foreign country that has been designated as non-cooperative with international anti-money laundering principles or procedures by an intergovernmental group or organization, such as the Financial Task Force on Money Laundering, of which the U.S. is a member and with which designation the U.S. representative to the group or organization continues to concur.

  • Jurisdiction means a province or territory of Canada except when used in the term foreign jurisdiction;

  • Local jurisdiction means the jurisdiction in which the Canadian securities regulatory authority is situate;

  • Original Jurisdiction means, in relation to an Obligor, the jurisdiction under whose laws that Obligor is incorporated as at the date of this Agreement or, in the case of an Additional Obligor, as at the date on which that Additional Obligor becomes Party as a Borrower or a Guarantor (as the case may be).

  • Alternative Judgment means a form of final judgment that may be entered by the Court but in a form other than the form of Judgment provided for in this Stipulation and where none of the Parties hereto elects to terminate this Settlement by reason of such variance.

  • Authority Having Jurisdiction means a federal, state, local, or other regional department, or an individual such as a fire marshal, building official, electrical inspector, utility provider or other individual having statutory authority.

  • Pertinent Jurisdiction in relation to a company, means:

  • foreign jurisdiction means a country other than Canada or a political subdivision of a country other than Canada;

  • Offering Jurisdictions means the United States and the Qualifying Jurisdictions;

  • Partner Jurisdiction Financial Institution means (i) any Financial Institution established in a Partner Jurisdiction, but excluding any branch of such Financial Institution that is located outside the Partner Jurisdiction, and (ii) any branch of a Financial Institution not established in the Partner Jurisdiction, if such branch is located in the Partner Jurisdiction.

  • Selling Jurisdictions means, collectively, each of the Qualifying Jurisdictions and may also include, the United States and any other jurisdictions outside of Canada and the United States as mutually agreed to by the Corporation and the Underwriters;

  • Courts means the Ontario Court, the Quebec Court and the BC Court.

  • Participating Jurisdiction means a jurisdiction with which an agreement is in place pursuant to which it will provide the information required on the automatic exchange of financial account information set out in the Common Reporting Standard.

  • primary insolvency jurisdiction means the Contracting State in which the centre of the debtor’s main interests is situated, which for this purpose shall be deemed to be the place of the debtor’s statutory seat or, if there is none, the place where the debtor is incorporated or formed, unless proved otherwise;

  • Partner Jurisdiction means a jurisdiction that has in effect an agreement with the United States to facilitate the implementation of FATCA. The IRS shall publish a list identifying all Partner Jurisdictions.

  • Covered Jurisdiction means the United States (or any state or commonwealth thereof or the District of Columbia).

  • Court of competent jurisdiction means a federal court, or a state court that entered an order in a child custody proceeding involving an Indian child, as long as the state court had proper subject matter jurisdiction in accordance with this chapter and the laws of that state, or a tribal court that had or has exclusive or concurrent jurisdiction pursuant to 25 U.S.C. Sec. 1911.

  • Qualifying Jurisdictions means each of the provinces and territories of Canada;

  • Venue means the premises as delineated and shown edged red in Annex A.

  • Reporting Jurisdictions means each of the Provinces of Canada;