Warranty Business definition

Warranty Business means the business of underwriting, administering and/or providing extended service contracts and warranties for coverage against certain covered losses on various products, including consumer appliances, consumer electronics, personal computers, cellular phones, automobile and recreational vehicles and such other products (whether consumer or commercial) that may become subject to extended service contracts or warranties.
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Warranty Business means the issuance, administration, marketing or production of Warranty Contracts.
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Warranty Business means the warranty business of EFH consisting of a range of speciality and warranty programs including new home and home system warranties being transferred to an affiliate of the Purchaser as described under the heading “Sale Transaction – Summary of the Share Purchase Agreement”.
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Examples of Warranty Business in a sentence

  • All of the properties identified in Schedule 5.9 constitute all of the real property used by the Companies in the conduct of the Warranty Business.

  • Schedule 5.31 lists the top ten clients of the Warranty Business (based upon gross written premium and fees in fiscal 2005).

  • Since the Financial Statements Date through the date hereof, except as set forth in Schedule 5.19, the Warranty Business has not incurred any material liability other than in the ordinary course of business (including policyholder benefits or other insurance policy liabilities), whether absolute, contingent, accrued or otherwise, except for liabilities that would not be required to be included on a balance sheet prepared in accordance with GAAP or SAP or disclosed in the notes thereto.

  • Consistent with the foregoing, Aon shall (and shall cause the other Sellers to) cause the Companies (in respect of the Warranty Business) to use their reasonable efforts consistent with good business practice to preserve the goodwill of the suppliers, contractors, licensors, employees, customers, distributors and others having business relations with the Companies.

  • Section 3.3(a)(i) of the Company Disclosure Schedule sets forth a true and complete list of each Insurance Subsidiary and Warranty Subsidiary of the Company in existence as of the date of this Agreement and, for each such Insurance Subsidiary and Warranty Subsidiary, its jurisdiction of incorporation or organization and each jurisdiction where such Subsidiary is licensed by an Insurance Regulator as an insurance company or licensed to conduct a Warranty Business, as applicable.

  • Except as set forth in Schedule 5.5(a), the Unaudited Financial Statements have been prepared in accordance with Aon’s historical practices for the Warranty Business, subject to normal recurring year-end adjustments (the effect of which will not, individually or in the aggregate, be materially adverse) and the absence of notes.

  • To the Knowledge of Aon, neither Aon nor any of the Companies has received notice from any Person listed in Schedule 5.31 that it intends to terminate or materially reduce its writings with or through the Warranty Business.

  • Except as set forth therein and except as set forth in Schedule 5.5(a), the Audited Financial Statements have been prepared in conformity with GAAP (applied on a consistent basis throughout the periods involved), and present fairly in accordance with GAAP, the financial position and results of operations and cash flow of the Warranty Business, as at the respective dates of and for the periods referred to therein.

  • From and after the Closing, Buyer shall cause VSC to use all commercially reasonable efforts to cancel all policies issued by FFG comprising the Warranty Business and reissue such policies by VSC; provided, however, any such action taken by VSC under this Section 8.9 shall be in compliance with all applicable Requirements of Law and any reinsurance contracts applicable to such policies.

  • Except as set forth in Schedule 5.19, or as reflected or reserved against in the Financial Statements or Statutory Statements (including in each case the notes thereto), as of the Financial Statements Date, the Warranty Business was not subject to any liability, whether absolute, contingent, accrued, known, unknown, or otherwise, that would be required to be included on a balance sheet prepared in accordance with GAAP or SAP or disclosed in the notes thereto.


More Definitions of Warranty Business

Warranty Business means the world-wide business conducted by the Companies (including FFG and Combined and its Affiliates with respect to the Transferred Business) of (i) underwriting by an insurer or an Obligor of extended warranty, mechanical repair, service contracts or pre-paid maintenance agreements covering repair, replacement or scheduled maintenance for motor vehicles, motorcycles, motor homes, motorized recreational vehicles, personal watercraft, electronic products, appliances, personal computers and peripherals, home heating, ventilation, air conditioning plumbing and electrical systems and appliances and other consumer products, (ii) underwriting by an insurer of credit life and credit disability insurance and involuntary unemployment insurance or underwriting by an unaffiliated insurer of credit life and credit disability insurance and involuntary unemployment insurance for which one of the Companies acts as an agent with respect to such insurance in connection with performing other activities described in the other clauses of this definition, (iii) underwriting by an insurer or an Obligor of travel protection and travel related protection programs and of membership programs to the extent related to Warranty Business products, (iv) underwriting by an insurer or an Obligor of credit card enhancement programs, (v) underwriting by an insurer or an Obligor of guaranteed asset protection (GAP) products for loans and leases on motor vehicles, motorcycles, motor homes, motorized recreational vehicles and personal watercraft separate from standard motor vehicle, motorcycle, motor home, motorized recreational vehicle or personal watercraft coverage, (vi) underwriting by an insurer of stop loss or failure to perform insurance coverage for Obligors or for motor vehicle dealers, (vii) underwriting by an insurer or an Obligor of vehicle replacement insurance (VRI), accidental damage to consumer products, identity theft and virus protection, (viii) providing TPA Services to the extent solely with respect to clauses (i) through (vii) above (“Warranty TPA Services”), and (ix) providing training and consulting services for motor vehicle manufacturers and dealers related to variable operations, automobiles sales activities and fixed operations activities at the point of sale, customer satisfaction activities and including, for the avoidance of doubt, the arrangement of client captive reinsurers for any Warranty Business client with respect to clauses (i) through (vii) above and ...
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Related to Warranty Business

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • Micro Business means a company which either:

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Supply Business means the licensed business of the Licensee and anyaffiliate or related undertaking of the Licensee as a Supplier but shall not include the business carried out by the Board in its capacity as public electricity supplier;

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Company Business means the business of the Company as presently conducted.

  • special business means all business transacted at a special meeting of shareholders and all business transacted at an annual meeting of shareholders, except consideration of the financial statements, auditor's report, election of directors and reappointment of the incumbent auditor;

  • Relevant Business means any business or part thereof howsoever carried on involving the supply of Restricted Goods and/or Services;

  • Licensed Business means the activities connected with the conveyance of

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Financial Services Business for purposes of this Unit Agreement shall mean the business of banking, including deposit, credit, trust and investment services, mortgage banking, asset management, and brokerage and investment banking services. (C) The term "Managerial Responsibilities" for purposes of this Unit Agreement shall mean managerial and supervisory responsibilities and duties that are substantially the same as that Grantee is performing for SunTrust or a SunTrust Affiliate on the date of this Unit Agreement. (D) The term "SunTrust Affiliate" for purposes of this Unit Agreement shall mean any corporation which is a subsidiary corporation (within the meaning of §424(f) of the Code) of SunTrust except a corporation which has subsidiary corporation status under §424(f) of the Code exclusively as a result of SunTrust or a SunTrust Affiliate holding stock in such corporation as a fiduciary with respect to any trust, estate, conservatorship, guardianship or agency. (E) The term "Territory" for purposes of this Unit Agreement shall mean the states of Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia, which are the states and Territories in which SunTrust has significant operations on the date of this Unit Agreement. (F) "Trade Secret" for purposes of Unit Agreement shall mean information, including, but not limited to, technical or nontechnical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans, or a list of actual or potential customers or suppliers that: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from it is disclosure or use, and (ii) is the subject of reasonable efforts by SunTrust or a SunTrust Affiliate to maintain its secrecy.

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Microbusiness means a licensee that may act as a cannabis

  • Resident Business or “Resident Contractor” means an entity that has a valid resident certificate issued by the NM Taxation and Revenue Department pursuant to Section 13-1-22 NMSA 1978.

  • Excluded Business has the meaning set forth in Section ‎9.1.1.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Branch business means any insurance business transacted by a branch captive insurance company in this State.

  • Local Business means a business serving as a contractor as defined in Business and Professions Code section 7026 or a business supplying construction-related materials that has its principal headquarters or permanently staffed regional office and that has held a business license within the zip codes listed above for Local Hire for a minimum of three months prior to the date the entity submits a bid, contract, or proposal for a Public Project. A Local Business contractor must also be properly registered with the Department of Industrial Relations in accordance with Labor Code section 1725.5. Local Business shall also mean any state or nationally certified minority-owned, women-owned, or disabled veteran business that has performed work for the District or other public agency within the zip codes listed above for Local Hire during the past four years. Certification for a disabled veteran business must be provided to the District. Local Business shall also mean a business that participates in an internship program that is currently approved or recognized by the District. The entity may also apply to obtain District approval of its internship program. The internship program must be approved by the District and must be completed by the end of the specific Public Project or by the next semester immediately after completion of the specific Public Project. Local Business shall also mean any entity that uses apprentices from a District approved apprenticeship program.

  • Minority Business means a business:

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.