RUN-OFF BUSINESS definition
RUN-OFF BUSINESS has the meaning specified in Section 7.01(b)(i).
RUN-OFF BUSINESS means the business conducted by each of the Acquired Companies as of the date hereof other than the Retained Business.
RUN-OFF BUSINESS shall have the meaning set forth in Section 8.02(c) hereof.
Examples of RUN-OFF BUSINESS in a sentence
Except for the runoff of its previous business (the "RUNOFF BUSINESS"), Services has no business or operations and the Runoff Business is conducted in accordance with the Runoff Business Plan disclosed in Schedule 3.12 of the Disclosure Schedule.
More Definitions of RUN-OFF BUSINESS
RUN-OFF BUSINESS means the liquidation of an insurance company or portfolio of insurance business which has been transferred to a separate administrative unit.