Platinum Holdings definition

Platinum Holdings has the meaning given to such term in the introductory paragraph of this Agreement.
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Platinum Holdings has the meaning attributed to it in Recital A;
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Platinum Holdings refers solely to Platinum Underwriters Holdings, Ltd. Concurrent with the completion of this initial public offering, St. Xxxx will contribute to Platinum between $114 million and $119 million in cash, which we refer to as the "Cash Contribution." The St. Xxxx Companies, Inc. and its subsidiaries will also contribute to Platinum substantially all of their continuing reinsurance business and related assets, including all of the outstanding capital stock of Platinum US, referred to herein as the "Transferred Business", having a net tangible book value of approximately $11 million as of June 30, 2002. Reinsurance is an arrangement in which a reinsurance company indemnifies an insurer or other reinsurer, which is referred to as a "ceding company" or "cedent", against all or a portion of the insurance or reinsurance risks underwritten by the ceding company under one or more policies. "St. Xxxx" refers to The St. Xxxx Companies, Inc., which is sponsoring our formation, and, unless the context otherwise requires, its subsidiaries. "St. Xxxx Re" refers to the reinsurance segment of St. Xxxx xxxxx to this initial public offering, which includes the continuing business and related assets being transferred to Platinum upon completion of this initial public offering as well as the reinsurance business that will remain with St. Xxxx after this offering and not be renewed and will thereafter expire when claims are ultimately resolved, which is referred to as the "run-off". We intend to commence our property and casualty reinsurance business operations, whereby we indemnify insurers and other reinsurers against all or a portion of their insurance or reinsurance risks for property loss and related damage and negligence resulting in bodily injury or property damage, upon completion of this initial public offering of Common Shares, which we refer to as the "Public Offering". Concurrently with the completion of the Public Offering, St. Xxxx will make the Cash Contribution and contribute the Transferred Business to us in exchange for our issuance to St. Xxxx, on a private placement basis, of 6,000,000 Common Shares and a ten-year option, referred to as the "St. Xxxx Option", which will entitle St. Xxxx to buy from us up to 6,000,000 additional Common Shares at a price per share equal to 120% of the initial public offering price. St. Xxxx will own 15.0% of Platinum Holdings' outstanding Common Shares following the Public Offering, the St. Xxxx Investment and the RenaissanceRe ...
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Examples of Platinum Holdings in a sentence

  • ADR (a)76,05324,240 South Africa (0.6%) Impala Platinum Holdings Ltd.61,784697Sibanye Stillwater Ltd.219,946668Thungela Resources Ltd.

  • The consolidated financial statements include those of Impala Platinum Holdings Limited, its subsidiaries, associates, joint ventures and special purpose entities, using uniform accounting policies.

  • The Administrative Agent shall have no obligation to request the delivery of, or to maintain copies of, the documents referred to in the proviso to the immediately preceding sentence or to monitor compliance by Platinum Holdings with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

  • The Administrative Agent may at any time give notice of its resignation to the Lenders and Platinum Holdings.

  • The goodwill arose from the acquisition of the remaining interests in Abalengani Mining Investments Proprietary Limited (“AMI”) and JB Platinum Holdings Proprietary Limited (“JBPH”) by the Company in 2010.

  • A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling Platinum Holdings to require such assignment and delegation cease to apply.

  • The Administrative Agent shall be deemed not to have knowledge of any Default or Event of Default unless and until notice describing such Default or Event of Default is given to the Administrative Agent by Platinum Holdings or a Lender.

  • Neither Platinum Holdings nor any of its Subsidiaries has incurred any obligation in connection with the termination of, or withdrawal from, any Foreign Pension Plan, except for any obligations which have not had, or would not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

  • The Group is controlled by Royal Bafokeng Platinum Holdings Proprietary Limited (incorporated in South Africa), which owns 51.74% of RBPlat’s shares.

  • Platinum Holdings, on behalf of the applicable Credit Party, hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

Related to Platinum Holdings

  • Direct holdings means all publicly traded securities of a company that are held directly by the state treasurer or a retirement system in an actively managed account or fund in which the retirement system owns all shares or interests.

  • Holdings has the meaning specified in the introductory paragraph to this Agreement.

  • Parent Holding Company means any direct or indirect parent entity of Holdings which holds directly or indirectly 100% of the Equity Interest of Holdings and which does not hold Capital Stock in any other Person (except for any other Parent Holding Company).

  • Platinum means elemental platinum having an atomic weight of 195.09 and the chemical element symbol of Pt, whether found by itself or in combination with its alloys or any other metal.

  • OpCo has the meaning set forth in the Preamble.

  • Holdco has the meaning set forth in the Preamble.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Indirect holdings means all securities of a company that are held in an account or fund, including a mutual fund, that is managed by one or more persons who are not employed by the state treasurer or a retirement system, if the state treasurer or retirement system owns shares or interests either:

  • Minimum Holding means the minimum number or value of Shares which must be held by Shareholders as specified in the relevant Supplement.

  • CGS means the Connecticut General Statutes.

  • Intermediate Holding Company means any Subsidiary of Holdings (of which Holdings, directly or indirectly, owns 100% of the issued and outstanding Equity Interests) that, directly or indirectly, owns 100% of the issued and outstanding Equity Interests of the Lead Borrower.

  • Holdings LLC Agreement means the Third Amended and Restated Limited Liability Company Agreement of Holdings, dated on or about the date hereof, as such agreement may be amended from time to time.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • New Holdings shall have the meaning provided in the definition of the term “Holdings”.

  • CFC Holding Company means a Subsidiary, substantially all of the assets of which consist of Equity Interests or Indebtedness of (a) one or more CFCs or (b) one or more CFC Holding Companies.

  • MLP has the meaning given such term in the introduction to this Agreement.

  • Acquisition Subsidiary shall have the meaning ascribed to it in the preamble hereto.

  • New Holding Company means a corporation that is not a bank, association, or national banking association and as to which all of the following apply:

  • Successor Holdings has the meaning assigned to such term in Section 6.03(a)(v).

  • Foreign Holding Company means any Domestic Subsidiary substantially all of the assets of which consist of Equity Interests and/or Indebtedness of one or more Foreign Subsidiaries or other Foreign Holding Companies.

  • CPET means the UK Government’s Central Point of Expertise on Timber.

  • RSC means the Regional Security Coordinator(s) (RSC(s)) appointed for CCR Hansa, unless it is explicitly otherwise stated, according to Article 77(1)(a) of the SO Regulation that will perform the tasks allocated to this(these) RSC(s) according to Article 77(1)(c)(i) of the SO Regulation;

  • AcquisitionCo means Diebold Holding Germany Incorporated & Co. KGaA a German partnership limited by shares (Kommanditgesellschaft auf Aktien - KGaA) that is a Wholly Owned Restricted Subsidiary of the Company and whose general partner is the Company.

  • Insight as used in this clause, means technical visibility into the Program, maintained through audit, surveillance, assessment of trends and metrics, software independent verification and validation, the flight readiness review process, and review or independent assessment of out-of-family anomalies occurring in any phase of the program.

  • Bank Holding Company means a company registered as such with the Federal Reserve pursuant to 12 U.S.C. §1842 and the regulations of the Federal Reserve promulgated thereunder.

  • Subco means 0961994 B.C. Ltd., a company existing under the laws of the Province of British Columbia;