TP Re USA definition
Examples of TP Re USA in a sentence
In addition, TP GP will make additional capital contributions in accordance with Section 3.1(c) and TP Re USA will make additional capital contributions in accordance with Section 4.1(e).
The Fund has agreed to use commercially reasonable efforts to avoid generating income that is effectively connected with the conduct of a trade or business within the United States (“ECI”), except that the Fund may invest in assets that generate ECI the income and proceeds of which will be specially allocated to TP Re USA and the General Partner.
Third Point shall not effect any investment transactions for the accounts of the Participants that are inconsistent with the Guidelines; provided that, upon written request of Third Point, the senior management of TP Re USA may, in exigent circumstances, permit any variation from the Guidelines.
This Agreement shall become effective on August 31, 2018 and shall continue in effect thereafter so long as either TP Re Bermuda or TP Re USA remains a limited partner of the Partnership.
Each of TP Re USA and TP Re Bermuda hereby agree that the Collateral Assets shall at all times be held in an account managed by the Investment Manager.
Third Point acknowledges that TP Re USA is subject to the regulatory and information requirements of the Bermuda Monetary Authority and A.M. Best.
References herein to “beneficial owners” or “controlling persons” of TP Re Bermuda or TP Re USA (and any other terms or phrases of similar import) shall not include the shareholders of Third Point Reinsurance Ltd.
Each of TP Re Bermuda and TP Re USA each represents and warrants that it is an indirect wholly-owned subsidiary of a publicly-traded company that is listed on a national securities exchange as described in FINRA Conduct Rule 5130(c)(5).
At the commercially reasonable request of TP Re USA, and subject to reasonable prior notice, Third Point shall make one of Third Point’s representatives available to meet with the Investment Committee (in either case in person or telephonically) to report on the Joint Venture’s activities and discuss the Joint Venture’s portfolio and investment outlook.
TP Re Bermuda and TP Re USA each acknowledges that it may be required to provide such information with respect to its direct and indirect beneficial owners, and to certify such information in such form as may be required.