Protected cell assets definition

Protected cell assets means all assets, contract rights, and general intangibles, identified with and attributable to a specific protected cell of a protected cell company.

Protected cell assets means all assets, contract rights, and general intangibles, identified with and attributable to a specific protected cell of a sponsored captive insurance company.

Protected cell assets means all assets, contract rights, and general intangibles identified with and

Examples of Protected cell assets in a sentence

• Protected cell assets are available only to the SPFC10 contract counterparty and other creditors of the SPFC that are creditors only with respect to that11 protected cell and, accordingly, are entitled in conformity with this Part, to have recourse to the12 protected cell assets attributable to that protected cell.

• Protected cell assets may not be pledged or otherwise encumbered except for the benefit of creditors of that protected cell in furtherance of the securitization in accordance with the approved plan of operation.

• A creditor with respect to a protected cell does not have recourse against the protected cell assets of other protected cells or the assets of the protected cell company’s general account.b. Protected cell assets shall only be available to creditors of a protected cell companyafter all protected cell liabilities have been extinguished or otherwise provided for pursuant to the plan of operation relating to that protected cell.

• Protected cell assets must be held in the protected cell accounts for the purpose of satisfying the obligations of that protected cell; 1258 (E) An incorporated protected cell may be organized and operated in any form of business organization authorized by the commissioner, includ- ing, but not limited to, an individual series of a limited liability company as provided for in title 48, chapter 249.

• Due to these time lags, there exist periods during which the variance is large at 10 hPa while it is much smaller at 20 hPa at the same time (e.g., late 1999/early 2000 and late 2008/early 2009).

• Because of the limited budget of the Department, Department staff will rely on allies at the state and regional levels, as well as word-of-mouth referrals from local stakeholders, to generate leads and prospects.

• Protected cell assets only are available to creditors of a sponsored captive insurance company after all protected cell liabilities have been extinguished or otherwise provided for in accordance with the plan of operation relating to that protected cell.

More Definitions of Protected cell assets

Protected cell assets means all assets, contract rights

Protected cell assets means all assets, contract rights, and general intangibles

Protected cell assets means all assets, contract rights, and general intangibles, identified with and attributable to a specific protected cell of a protected cell company. Thu Dec 05 12:19:47 2019 Iowa Code 2020, Chapter 521G (11, 0)

Protected cell assets means all assets, contract rights, and general intangibles, identified with and attributable to a specific protected cell of a protected cell company. Thu Jan 09 12:23:10 2014 linc_system Iowa Code 2014, Chapter 521G (5, 0)

Protected cell assets means all assets, contract rights, and general intangibles, identified with and attributable to a specific protected cell of a protected cell company. Tue Dec 13 08:26:46 2016 Iowa Code 2017, Chapter 521G (8, 0)

Protected cell assets means the assets of the Fund held within or on behalf of any Protected Cell as defined in the DFSA Rulebook and the PCC Regulations.