Ohio Indemnity definition
Examples of Ohio Indemnity in a sentence
We have obtained the collateral protection insurance from Ohio Indemnity Company.
The Insurance afforded hereunder is only with respect to such, and to as many coverages as are indicated below: PHYSICAL DAMAGE $50,000 $48.00 per coverage period OTHER: $ $ DEDUCTIBLE:$_500 Policy Fee $ Total $48.00 per coverage period 2012 CHEVROLET MALIBU ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ Date Issued: 12/15/2021 Authorized Representative: CPI-500 (11/2014) Page 1 of 1 Ohio Indemnity Company ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ This is a condensed version of the policy issued to the Lender.
None of the Borrowers nor any Subsidiary including Ohio Indemnity has received any notice to the effect that its operations are not in material compliance with any of the requirements of the applicable insurance laws, except where such noncompliance could reasonably be expected to not have a Material Adverse Effect.
Borrower will not permit the ratio of net premiums written to policy holder surplus of Ohio Indemnity Company on a consolidated basis and, as determined in accordance with accounting standards promulgated by the Ohio Department of Insurance to exceed 3 to 1 at any time.
Borrower shall not permit Ohio Indemnity Company’s, an Ohio corporation, ratio of net premiums underwritten to “policy holder’s surplus”, measured according to statutory reporting requirements, to exceed 3.0:1, tested quarterly, on a rolling 12 quarters basis, throughout the term of this Agreement.
Notary Public This is the Tenant Construction Agreement referred to in the foregoing Lease (the “Lease”) wherein Ohio Indemnity Company (“Tenant”) has agreed to lease certain space from ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Properties, LLC (“Landlord”) at The Midland Building, Columbus, Ohio.
Borrower will not permit the tangible net worth of Ohio Indemnity Company ("policy holder surplus" in statutory reporting) to be less than $21,000,000 on each December 31 throughout the term of this Agreement, as determined in accordance with accounting standards promulgated by the Ohio Department of Insurance.
Borrower will not permit the tangible net worth of Ohio Indemnity Company ("policy holder surplus" in statutory reporting) to be less than $18,000,000 on each December 31 throughout the term of this Agreement, as determined in accordance with accounting standards promulgated by the Ohio Department of Insurance.
Other than the Permitted Liens, neither Borrower nor its wholly-owned subsidiary, Ohio Indemnity Company, will create, incur, assume or permit to exist any Lien in any present or future asset, except for Liens to Bank, Liens existing on the date of this Agreement which have been disclosed to and approved by Bank and Liens imposed by law which secure amounts not at the time due and payable.
FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto Fifth Third Bank, an Ohio banking corporation, thirty-seven thousand three hundred thirty-two (37,332) shares of the common stock of Ohio Indemnity Company, (the “Company”), standing in its name on the books of the Company represented by Certificate Nos.