Relationship Deficiency definition

Relationship Deficiency means the failure by Cambridge to deliver professional claims management services in respect of the Claims in a manner consistent with the instructions and resources provided by the Reliance Insurers pursuant to this Agreement to Cambridge that (i) results in material damage to the Reliance Insurers or (ii) evidences an inability of Cambridge to continue to provide such services.
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Relationship Deficiency has the meaning set forth in Section 10.2(a).
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Examples of Relationship Deficiency in a sentence

  • If this Agreement is terminated for any reason other than for a Relationship Deficiency or a Cambridge Change of Control prior to the payment in full of the Minimum Margin, this Article 3 shall survive such termination and the Reliance Insurers shall pay to Cambridge on or before January 31 of each year thereafter one Annual Installment until the Minimum Margin is paid in full.

  • Termination of this Agreement for a Relationship Deficiency or a Cambridge Change of Control shall terminate the Reliance Insurers' obligations with respect to payment of the Minimum Margin.

  • The board shall make an award, or in the case of a determination of a Relationship Deficiency, such determination, with regard to the custom and usage of the insurance business which shall be in writing and shall state the factual and legal basis for the award.