Purchaser Reason definition
Purchaser Reason means any resignation by an Assumed European Employee (or an individual who would have been an Assumed European Employee but for his resignation before Completion), where the reason for such resignation is that the transfer of his employment would involve a substantial change in working conditions to his material detriment or there is a repudiatory breach or anticipated repudiatory breach by the Purchaser (or any member of the Purchaser’s Group) (whether anticipatory or not) of his employment contract.
Purchaser Reason means any of the following:
(i) As a result of the Closing, the Issuer or any domestic stock insurance corporation controlled by the Issuer would not be able to satisfy the requirements for the issuance of a license to write the line or lines of insurance for which it is presently licensed in Wisconsin;
(ii) The financial condition of Purchaser is likely to jeopardize the financial stability of the Issuer;
(iii) The plans or proposals which the Purchaser has to liquidate the Issuer, sell the Issuer’s assets, merge the Issuer with any person, or make any other material change in the Issuer’s business or corporate structure or management are not fair and reasonable to the Issuer’s policyholders;
(iv) The lack of competence and integrity of the Purchaser’s directors and/or management.
Purchaser Reason means the Purchaser being subject to Covered Taxes (other than Covered Taxes referred to in clause (ii) of the definition thereof) by reason of [One reason redacted], carrying on business or having a connection to or an establishment in a jurisdiction, other than solely by reason of purchasing Refined Gold or Refined Silver under this Agreement, receiving or making payments under this Agreement, enforcing its rights under this Agreement and related Security Documents, being a party to this Agreement and related Security Documents or transactions contemplated herein and therein or establishing or locating its metal account in a Designated Jurisdiction.