Private Act definition

Private Act means separate legislation enacted in Bermuda with the intention that such legislation apply specifically to an Account Party, in whole or in part.
Private Act means separate legislation enacted in Bermuda with the intention that such legislation apply specifically to any Borrower, in whole or in part.
Private Act means separate legislation enacted in Bermuda with the intention that such legislation apply specifically to a Borrower, in whole or in part.

Examples of Private Act in a sentence

  • No Account Party will become subject to a Private Act other than the X.L. Insurance Company, Ltd.

  • Neither the Company nor any Subsidiary is subject to any Private Act.

  • No Obligor will become subject to a Private Act other than the X.L. Insurance Company, Ltd.

  • No Borrower will become subject to a Private Act other than the X.L. Insurance Company, Ltd.

  • No Credit Party will become subject to a Private Act which, in the reasonable determination of the Administrative Agent, would be adverse in any material respect to the rights or interests of the Lenders.


More Definitions of Private Act

Private Act means separate legislation enacted in Bermuda with the intention that such legislation apply solely and specifically to any Credit Party, in whole or in part.
Private Act means separate legislation enacted in Bermuda with the intention that such legislation applies specifically to a Borrower in whole or in part.
Private Act means separate legislation enacted in Bermuda with the intention that such legislation apply specifically to any Group Member, in whole or in part.
Private Act a private act of the Bermuda Parliament enacted consequent on a petition presented by a person or persons and applicable specifically to the Borrower or a Subsidiary in whole or in part.
Private Act means separate legislation enacted in Bermuda with the intention that such legislation apply specifically to an Obligor, in whole or in part; Quarterly Dates means the last Business Day of March, June, September and December in each year, the first of which shall be the first such day after the date hereof; Reference Banks means, subject to Clause 26.6 (Reference Banks), the principal London offices of Citibank, N.A., ING Bank N.V., London Branch, Lloyds TSB Bank plc and Barclays Bank plc; Register has the meaning given to it in Clause 26.11 (Maintenance of Register by Agent);
Private Act means a sexual act; or an act involving an intimate bodily function such as using a toilet; or an act or activity involving undressing to a point where the body is clothed only in undergarments; or an activity involving nudity or exposure or partial exposure of sexual organs, pubic area, buttocks or female breasts.
Private Act means a statute enacted as a private Act, or published