Underwriting agreement indemnification legal definition

Insurance became far more sophisticated in Enlightenment era Europeand specialized varieties developed. Claim - a request made by the insured for insurer remittance of payment due to loss incurred and covered under the policy agreement. On each such Subsequent Delivery Date, each Selling Stockholder shall deliver or cause to be delivered the Option Stock to be purchased on such Subsequent Delivery Date to the Representatives for the account of each Underwriter against payment to or upon the order of such Selling Stockholders of the purchase price by wire transfer in immediately available funds.

Definition of Cross-Indemnity Agreement

Investor Accounting A record of all variances outstanding i. The concept requires that the insured have a "stake" in the loss or damage to the life or property insured. Such coverages would be included in other annual statement lines, if written individually.

Second Amendment To Underwriting, Continuing Indemnity And Security Agreement

Notwithstanding the foregoing, the parties are required to deliver original signature pages to each other. Casualty insurance Casualty insurance insures against accidents, not necessarily tied to any specific property.

Indemnitors agree to pay all premiums on the Bonds, computed in accordance with the regular manual of rates in effect on the date the Bond s are executed.

An MCP must ensure access to medicaid-covered services for members who are unable to timely access services or unwilling to access services through MSP providers.

Underwriting, Continuing Indemnity, And Security Agreements

The APR can be used to compare the costs of different kinds of credit since it reduces interest rates to a common yearly rate, regardless of term. Carrying Value Amount - the SAP book value plus accrued interest and reduced by any valuation allowance and any nonadmitted adjustment applied to the individual investment.

If any public offering by the underwriters is to be made on terms differing from those set forth on the cover page of the prospectus, a post-effective amendment will be filed to set forth the terms of such offering.

Combined Ratio - an indication of the profitability of an insurance company, calculated by adding the loss and expense ratios. The collected premiums would be used to reimburse any merchant whose goods were jettisoned during transport, whether due to storm or sinkage.

Except as specifically set forth in this Second Amendment, the Agreement remains in full force and effect in accordance with its terms. Commercial Package Policy - provides a broad package of property and liability coverages for commercial ventures other than those provided insurance through a business owners policy.


In furtherance of the foregoing, Surety acknowledges that absent the occurrence of an Event of Default and such demand by Surety, Principal's cash management system will not be affected or changed by the terms of this Agreement. In order to facilitate the sale of the equity of any Principal or the Collateral other than the transfer of Inventory or Equipment that is required pursuant to the terms of any Bonded Contract to be transferred to any Obligee on any Bond or any assignee of such Obligee or any other owner, or assignee of any owner, of the Work upon completion or termination of the Work in the ordinary course of business, as to which no release is necessary of any Principal and Indemnitor exclusive of Integrated Electrical Services, Inc.: That prior to any public reoffering of the securities registered hereunder through use of a prospectus which is a part of this registration statement, by any person or party who is deemed to be an underwriter within the meaning of Rule cthe issuer undertakes that such reoffering prospectus will contain the information called for by the applicable registration form with respect to reofferings by persons who may be deemed underwriters, in addition to the information called for by the other Items of the applicable form.

This coverage is marketed for those who put low down paymentshave high interest rates on their loans, and those with month or longer terms. For example, vehicle insurance would typically cover both the property risk theft or damage to the vehicle and the liability risk legal claims arising from an accident.

Sunesys, LLC is endeavoring to obtain the necessary governmental approvals so that it can become a party to the Agreement, as amended by this Second Amendment, and once all requisite approvals have been obtained, the applicable Indemnitor s agree to cause Sunesys, LLC to execute a rider or an addendum to be added as Principal as defined in the Agreement and Indemnitor as defined in the Agreement.

Profit can be reduced to a simple equation: On one hand it can increase fraud; on the other it can help societies and individuals prepare for catastrophes and mitigate the effects of catastrophes on both households and societies. E The MCP must ensure emergency services as defined in rule of the Administrative Code are provided and covered twenty-four hours a day, seven days a week.

Learning Center Glossary This glossary is provided as an educational tool for the Seller/Servicers to use.

Learning Center Glossary

In the event there is a conflict between terms defined in this glossary and identical or substantially similar terms defined in the glossaries to the Freddie Mac Single-Family Guide, Freddie Mac Multifamily Seller/Servicer Guide or Freddie Mac Loan Selling Advisor ® User Guides, the.

Regulation R: Exceptions for Banks from the Definition of Broker in the Securities Exchange Act of SECTION —Definition SECTION —Defined Terms Relating to the Networking Exception from the Definition of Broker. § (Item ) Undertakings. Include each of the following undertakings that is applicable to the offering being registered.

(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: (i) To include any prospectus.

Jun 25,  · Documents prepared by Field attorneys in the Office of Chief Counsel that are reviewed by an Associate Office and subsequently issued to field or service center campus employees of the Internal Revenue Service.

Indemnity. Recompense for loss, damage, or injuries; restitution or reimbursement. An indemnity contract arises when one individual takes on the obligation to pay for any loss or damage that has been or might be incurred by another individual. The right to indemnity and the duty to indemnify ordinarily stem from a contractual agreement, which generally protects against liability, loss, or damage.

Written By: Stacey Sprain I recently ran across my first OFAC hit and thought I would share my experience in hopes it may educate others who have not experienced an OFAC hit yet in their careers. First, let me start by explaining what “OFAC” stands for and what it means.

OFAC is the abbre.

Underwriting agreement indemnification legal definition
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