Common use of Dividend Paying Capacity Clause in Contracts

Dividend Paying Capacity. Not permit the Dividend Paying Capacity of any Insurance Subsidiary for any fiscal year to be less than $1,000,000. This Section does not apply to Red Cedar Insurance Company. 11.4.

Appears in 5 contracts

Samples: Note Purchase Agreement (Conifer Holdings, Inc.), Note Purchase Agreement (Conifer Holdings, Inc.), www.sec.gov

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Dividend Paying Capacity. Not permit the Dividend Paying Capacity of any Insurance Subsidiary for any fiscal year to be less than $1,000,000. This Section does not apply to Red Cedar Insurance Company. 11.4.DOCPROPERTY "CUS_DocIDChunk0" 49361156.14

Appears in 1 contract

Samples: Note Purchase Agreement (Conifer Holdings, Inc.)

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