Financial Statement Disclosure. Said unpaid principal of this Debenture shall not form a part of the legal or statutory liabilities of Borrower. This amount shall be reported as surplus. Accrued and unpaid interest approved by the Department shall be reported as a legal and statutory liability of Borrower.
Appears in 10 contracts
Sources: Subordinated Surplus Debenture (Safepoint Holdings, Inc.), Subordinated Surplus Debenture (Safepoint Holdings, Inc.), Subordinated Surplus Debenture (Safepoint Holdings, Inc.)