Capital and Surplus. MetLife agrees that it shall cause Beneficiary to have ------------------- at all times during the term of this Agreement the greater of:
Capital and Surplus. 10. Subject to the provisions of these Articles, the Memorandum (which includes the Preemptive Rights) and any resolution of members, the unissued shares of the Company shall be at the disposal of the Board of Directors who may, without limiting or affecting any rights previously conferred on the holders of any existing shares or class or series of shares offer, allot, grant options over or otherwise dispose of shares to such persons, at such times and upon such terms and conditions as the Company may by resolution of directors determine.
Capital and Surplus. TIAA agrees that it shall cause T-C Life to have at all times during the term of this Agreement the greater of:
Capital and Surplus. The capital and surplus of the Company, as provided in Section 1.2, shall consist only of Securities on Deposit and cash or investments in debt obligations of the United States government or any agency or instrumentality thereof that have maturities of six (6) months or less.
Capital and Surplus. 15 6.6 Indebtedness . . . . . . . . . . . . . . . . . . . 15 6.7
Capital and Surplus. (a) The Company shall not permit the Statutory Capital and Surplus of Universal and its Subsidiaries to be less than Six Million Five Hundred Thousand and No/100 Dollars ($6,500,000) on any date.
Capital and Surplus. The Statutory Capital and Surplus of the Company shall satisfy the requirements as provided in Section 1.2(b).
Capital and Surplus. MetLife agrees that it shall cause General American to have at all times during the term of this Agreement the greater of:
Capital and Surplus. The Corporation agrees that the capital of the Corporation (as such term is used in Section 154 of the General Corporation Law of Delaware) in respect of the Common Stock issued pursuant to this Agreement will be equal to the aggregate par value of such shares. The Corporation further agrees that, except as contemplated herein, it will not increase the capital of the Corporation with respect to any shares of the Corporation's capital stock at any time on or after the date of this Agreement.
Capital and Surplus. Monarch has capital surplus of $4,255,000 and undivided profits, including capital reserves, of $(590,000) as of December 31, 1996. NBSC has capital surplus of $12,551,000 and undivided profits, including capital reserves, of $10,002,000 as of December 31, 1996. In consideration of their mutual promises and obligations hereunder, the parties hereto adopt and make this Plan and prescribe the terms and conditions hereof and the manner and basis of carrying it into effect, which shall be as follows:
