SPF Manager definition

SPF Manager means any person (including any body corporate, partnership or unincorporated body) from time to time appointed by the PII committee to manage the special purpose fund, and includes any replacement to such a person appointed from time to time;
View Source
SPF Manager has the meaning ascribed to such term in the Regulations;
View Source

Examples of SPF Manager in a sentence

  • The SPF Manager shall be entitled to seek reimbursement of any such costs and expenses from the relevant Firm.

  • Any other coverage arranged by the SPF Manager pursuant to paragraph 2.12 shall be treated as incepting on the first day of the Indemnity Period to which it relates, or, if later, the first day on which the Firm ceased to hold Qualifying Insurance outside the ARP but for the avoidance of doubt, that fact shall not operate to permit any Firm receiving the benefit of such coverage to maintain that it has satisfied the provisions of the Regulations such as not to be in default thereunder.

  • The SPF Manager shall notify the Law Society within one (1) Working Day after issuing the ARP Coverage of the identity of the Firm in question and the fact that the Firm in question has been issued with an ARP Coverage.

  • Any other cover arranged by the SPF Manager pursuant to paragraph 2.13 or 2.14 shall be treated as incepting on the date on which the Firm becomes a Run-off Firm or a Defaulting Run-off Firm (as the case may be).

  • The Insurer also agrees that a Defaulting Run-off Firm shall not be entitled to obtain Run-off Cover from the ROF but shall be entitled to cover arranged by the SPF Manager through the ROF under Regulation 6(a) of the Regulations.

  • The SPF, the ARP and the ROF shall be managed and administered by the SPF Manager.

  • Following the calculation of an Insurer’s Actual Proportionate Participation in respect of an Indemnity Period, the SPF Manager shall calculate and determine the amount of any consequential adjustment to be made to the amount of any Run-Off Audit Costs paid by each Insurer in the previous Indemnity Period.

  • The Firm shall provide to the SPF Manager such information as the SPF Manager may from time to time in its discretion reasonably require to deal efficiently and effectively with the Firm’s membership of the Run-Off Fund.

  • The Insured shall report or notify any Claim or Circumstance required to be reported or notified pursuant to this contract to the SPF Manager (acting on behalf of the Insurer) as soon as is reasonably practicable after becoming aware of such a Claim or Circumstance.

  • Accordingly, the SPF Manager shall, in each Indemnity Period and in accordance with this paragraph 6.5, carry out a recalculation of the Run-Off Audit Costs paid by the Insurers in the previous Indemnity Period to ensure that those costs are properly attributed to the Insurers of the relevant ROF.

Related to SPF Manager

  • Sub-Manager Any Person with which the Property Manager or the Special Servicer has entered into a Sub-Management Agreement.

  • CLO Asset Manager means, with respect to any Securitization Vehicle that is a CLO, the entity that is responsible for managing or administering the underlying assets of such Securitization Vehicle or, if applicable, the assets of any Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the Directing Holder).

  • Manager has the meaning set forth in 2.1.

  • Managing Party has the meaning set forth in Section 6.11(e).

  • CFPC means the College of Family Physicians of Canada.