Examples of Subject Contracts in a sentence
The Seller Parties have performed all material obligations required to be performed by them to date under the Subject Contracts and the Rights of Way, and are not in default under any obligation of any such contract or right-of-way, except when such default would not have a Material Adverse Effect.
LIBERTY MUTUAL INSURANCE COMPANY By: Name: Title: PEERLESS INSURANCE COMPANY By: Name: Title: Schedule I Subject Contracts Insurance policies and reinsurance contracts issued, ceded or assumed by an Insurer Subsidiary prior to the Effective Date if such insurance policies or reinsurance contracts constitute the run-off liabilities of Agency Markets but only to the extent identified below and as agreed to by LMIC as a result of related information provided by Agency Markets prior to the Effective Date.
In addition, since December 31, 2015, Seller and its Affiliates have administered the Subject Contracts in material compliance with all agreements with customers who purchased the Subject Contracts, including requirements to maintain the administration of the Subject Contracts in the United States.
The Service Standards that are attached to the form of Administrative Services Agreement as Exhibit II are based upon and are consistent in all material respects with the Ceding Company’s service standards generally applicable on an individual plan basis to specified services provided to plans in connection with the Subject Contracts (as such term is defined in the form of Administrative Services Agreement attached hereto as Exhibit D).
LMIC’s liability shall attach simultaneously with that of PIC, the true intent of this Agreement being that LMIC follow the fortunes of PIC in respect of the Subject Contracts reinsured under this Agreement.