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Common use of Capital and Surplus Clause in Contracts

Capital and Surplus. The Statutory Capital and Surplus of the Company shall satisfy the requirements as provided in Section 1.2(b).

Appears in 2 contracts

Sources: Stock Purchase Agreement (Employers Holdings, Inc.), Stock Purchase Agreement (Employers Holdings, Inc.)

Related Clauses

  • STAFF SURPLUS
  • Distributions of Available Cash From Operating Surplus
  • In the Event of Forecasted Surpluses
  • Distributions of Available Cash from Capital Surplus
  • Capital Adjustments

Parent Clauses

  • Covenants
  • Conditions Precedent to Obligation of the Purchaser to Close
  • OTHER MATTERS
  • Counterparts
  • RELATED

Sub-Clauses

  • DIRECTORS; RESIGNATIONS
  • CONDUCT PENDING THE MERGER
  • CERTAIN FILINGS, CONSENTS AND ARRANGEMENTS
  • REPRESENTATIONS AND WARRANTIES OF MONARCH
  • CONDITIONS TO CONSUMMATION
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