Business and entered
into with a customer, policyholder or cedant.
"VWAP" means, for any Trading Day or series of Trading Days, the volume-weighted
average price per share of common stock of Tiptree Inc. on the Principal Market
(as reported by Bloomberg L.P. or, if not reported therein, in another
authoritative source mutually selected by Purchaser and Seller).
"WARN Act" means the United States Worker Adjustment and Retraining Notification
Act of 1988, as amended, and any applicable state or local mass layoff or
plant-closing Law.
13
Section 1.2
Other Defined Terms and Rules of Construction.
(a)
Other terms defined are in the other parts of this Agreement indicated
below:
"ADI"
5.3(d)
"Additional Elements"
1.1
"Agreement"
Preamble
"Annual Financial Statements"
3.6(a)
"Applicable Accounting Principles"
2.2
"Arizona Entities"
Recitals
"ASE"
Recitals
"ASE Interests"
Recitals
"Balance Sheet"
3.6(a)
"Balance Sheet Date"
3.6(a)
"Base Purchase Price"
2.1(a)(ii)
"Business"
Recitals
"CLIPS"
1.1
"Closing Admin/Obligor Balance Sheet"
2.3(a)
"Closing Affiliated Reinsurance Entity Balance Sheet"
2.3(a)
"Closing Date"
2.4
"Closing Date Legacy Liabilities"
2.1(b)(i)
"Closing FIC Balance Sheet"
2.3(a)
"Closing Indebtedness"
2.3(a)
"Closing Payment"
2.1(a)(ii)
"Closing Statement"
2.3(a)
"Commutation Agreement"
2.1(b)(i)
"Commutation Payment"
2.1(b)(ii)
"Deductible"
7.5(a)
"Direct Claim"
7.6(c)
"Disputed Item"
2.3(b)
"DMS"
Recitals
"DMS Shares"
Recitals
"Election Form"
8.4(b)
"Employment Agreement"
Recitals
"Equity Interests"
Recitals
"Escrow Fund"
2.1(a)(ii)
"Estimated Admin/Obligor Balance Sheet"
2.2
"Estimated Affiliated Reinsurance Entity Balance Sheet"
2.2
"Estimated Affiliated Reinsurance Entity Cash"
2.2
"Estimated Closing Statement"
2.2
"Estimated Closing Working Capital"
2.2
"Estimated Commutation Payment"
2.1(b)(ii)
"Estimated FIC Balance Sheet"
2.2
"Estimated FIC Equity"
2.2
"Estimated Indebtedness"
2.2
14
"Estimated Legacy Reserves"
2.2
"Estimated Purchase Price"
2.1(a)(ii)
"Estimated Transaction Expenses"
2.2
"FIC"
Recitals
"FIC Shares"
Recitals
"Financial Statements"
3.6(a)
"IDG"
Recitals
"IDG Shares"
Recitals
"Interim Balance Sheet"
3.6(a)
"Interim Balance Sheet Date"
3.6(a)
"Interim Financial Statements"
3.6(a)
"Lender Provisions"
10.5
"Material Contract"
3.13(a)
"Material Customers"
3.29(a)
"Material Vendors"
3.29(b)
"Money Laundering Laws"
3.21
"Notice of Disagreement"
2.3(b)
"OFAC"
3.21
"Open Source Software"
3.14(d)
"OSI"
Recitals
"OSI Shares"
Recitals
"Parties"
Preamble
"Partnership Representative"
8.3(e)
"Party"
Preamble
"Post-Closing Tax Period"
8.1(b)(i)
"Pre-Closing Dividend"
5.12(b)
"Purchase Price"
2.1(a)(ii)
"Purchaser"
Preamble
"Purchaser Disclosure Schedule"
Article IV
"Purchaser Indemnified Parties"
7.2
"Reinsurance Allocation Schedule"
2.6(c)
"Reserve Deficiency"
2.10(e)(iii)
"Reserve Excess"
2.10(e)(ii)
"Reserve True-Up Date"
1.1
"Reserve True-Up Disputed Item"
2.10(b)
"Reserve True-Up Notice of Disagreement"
2.10(b)
"Reserve True-Up Principles"
2.10(f)
"Reserve True-Up Resolution Period"
2.10(c)
"Reserve True-Up Statement"
2.10(a)
"Reserve-Based Earn-Out Amount"
2.8(b)
"Resolution Period"
2.3(c)
"SAC"
Recitals
"SAC Admin"
Recitals
"SAC Admin Shares"
Recitals
"SAC Insurance"
Recitals
15
"SAC Insurance Shares"
Recitals
"SAC Shares"
Recitals
"Section 338 Election"
8.4(a)
"Seller Disclosure Schedule"
Article III
"Seller Indemnified Parties"
7.3
"Seller"
Preamble
"Smart AutoCare"
Recitals
"Smart AutoCare Admin"
Recitals
"Smart AutoCare Admin Shares"
Recitals
"Smart AutoCare Shares"
Recitals
"Target Entities"
Recitals
"Target Entity"
Recitals
"Tax Allocation Schedule"
8.4(c)
"Tax Proceeding"
8.3(d)
"Third Party Approvals"
5.5
"Termination Date
9.1(d)
"Termination-Based Earn-Out Measurement Date"
2.8(d)
"Termination-Based Earn-Out Payment"
2.8(d)
"Third Party Approvals"
5.13
"Third Party Claim"
7.6(a)
"Unaffiliated Receivable"
5.12(a)
"VSC Marketing Communication"
3.26
"VSC Permits"
3.24(c)
(b)
For