Common use of Capital and Surplus Clause in Contracts

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.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Specialty Underwriters Alliance, Inc.), Stock Purchase Agreement (Specialty Underwriters Alliance, Inc.)