Transferring Policy definition

Transferring Policy means any Policy [or reinsurance policy],1 including any endorsements or amendments thereto, underwritten by the Transferor under which any liability or contingent liability remains unsatisfied or outstanding at the Effective Date, excluding the Excluded Policies;
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Transferring Policy means any Policy (that is not an Excluded Policy; for the avoidance of doubt, there are expected to be no excluded policies), including any endorsements or amendments thereto, ever underwritten by the Transferor and forming part of the Transferring Business under which any liability or contingent liability remains unsatisfied or outstanding at the Scheme Date;
Sample 1

Examples of Transferring Policy in a sentence

  • Every Transferring Policyholder shall, on and from the Effective Date and to the exclusion of any rights he may have against the Transferor under any Transferring Policy, be entitled to the same rights against the Transferee as were available to him against the Transferor under such Transferring Policies.

  • Any mandate or other instruction or authority in force on the Effective Date as to the manner of payment by the Transferor of any sum payable under any Transferring Policy or any other contract which forms part of the Transferring Business shall continue in force as an effective mandate, instruction or authority to or of the Transferee.

  • To the extent that smoothing results in a payment of income under a Transferring Policy which is less than or more than the payment that would have been made in the absence of smoothing, the difference is to be credited or debited to the Transferring Policies Smoothing Account.

  • Subject to the provisions of this Scheme, every Policyholder shall on and from the Scheme Effective Date become entitled in substitution of any rights enforceable by or available under an Italian Med-mal Transferring Policy against the Transferor to the same right against the Transferee and the obligations of every such Policyholder shall on and after the Scheme Effective Date become enforceable (so far as still subsisting) by the Transferee in place of the Transferor.

  • Any mandate, standing order or other instruction or authority in force on the Effective Date (including, without limitation, any instruction given to a bank by its customer in the form of a direct debit or standing order) and providing for payment by a bank or other intermediary of premiums or any other amount payable under any Transferring Policy shall continue in force as an effective mandate, instruction or authority to the Transferee.

  • The Transferee shall be entitled to any and all defences, claims, counterclaims and rights of set-off under the Transferring Policies which would have been available to the Transferor including, without limitation, as a result of the commutation of any Transferring Policy.

  • On and from the relevant Subsequent Transfer Date in respect of an Excluded Policy (other than a German Policy or an Irish Policy), such policy shall be transferred to the Transferee and shall thereafter be treated in all respects as if it were a Transferring Policy and any liability attributable to such Excluded Policy shall be transferred to the Transferee and shall thereafter be treated in all respects as if it were a Transferring Liability.

  • Transfers have solved all the problems, and we see how to handle invitational, game forcing and slam seeking 5-5’s later.

  • All references in a Transferring Policy to the Transferor Group shall, where the context requires, be read and construed with effect from the Implementation Date as references to the Transferee Group.

  • I am therefore satisfied that the ILU guarantee will continue to operate for each Transferring Policy in the same manner post-Scheme that it did pre-Scheme, and, as such, does not affect any of my conclusions in the Report.

Related to Transferring Policy

  • Transferring Member has the meaning set forth in Section 9.4.

  • Code of Conduct means the SFC's Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission.

  • Transferring Employees means employees of the Incumbent Contractor who are wholly or mainly assigned to work in the provision of the Service and who are subject of a Relevant Transfer to the Contractor by virtue of the application of the TUPE Regulations.

  • Transferring Former Supplier Employees in relation to a Former Supplier, those employees of the Former Supplier to whom the Employment Regulations will apply on the Relevant Transfer Date; and

  • Restriction Notice has the meaning set forth in Section 8.04(f) hereof.

  • Transfer Notice means the notice of a proposed transfer of Shares described in Section 8.

  • Supplier Code of Conduct means the code of that name published by the Government Commercial Function originally dated September 2017, as may be amended, restated, updated, re-issued or re-named from time to time;

  • Repurchase Rules and Regulations shall have the meaning specified in Section 6.14 of the Indenture.

  • Drug-free workplace means a site for the performance of work done in connection with a specific contract at which the employees of the Contractor are prohibited from engaging in the unlawful manufacture, distribution, dispensing, possession, or use of a controlled substance.

  • Principals or Key Personnel means and refers to those principals and key personnel of the Contractor, and its or their agents, as described in C.G.S. §§ 4-250(5) and 4-252(c)(1)(B) and (C).

  • Transfer Form means a standardized form prescribed by the Management Company to be duly filed by the investor to transfer Units and will be stated in this Offering Document.

  • Transferring Supplier Employees means those employees of the Supplier and/or the Supplier’s Sub-Contractors to whom the Employment Regulations will apply on the Service Transfer Date.

  • Proposed Transferee has the meaning set forth in Section 2.4(a).

  • Transfer Shares has the meaning ascribed to such term in Section 6.2(a)