Growth. Buyer and Seller will negotiate in Good Faith with respect to each request by Buyer to sell Seller-Branded Products to Buyer’s Affiliates, Franchisees, or licensees at “brick and mortar” physical locations outside the Territory.
Growth. 10. Effective immediately, the Association is subject to and shall comply with the requirements and provisions of OTS Regulatory Bulletin 3b. Without the prior written approval of the Regional Director, the Association shall not increase its total assets during any quarter beginning with the quarter starting January 1, 2010, in excess of an amount equal to net interest credited on deposit liabilities during the quarter. The growth restrictions imposed by this Paragraph shall remain in effect until the Regional Director approves the Association’s Business Plan as required under Paragraph 1 of this Agreement.
Growth. The following comparative data reflects the growth of the Company during the period covered by this examination: 2012 2013 2014 2015 Bonds $ 64,181,807 $ 87,833,214 $111,475,425 $149,929,441 Cash and equivalents 40,175,902 30,143,244 11,113,348 12,240,657 Admitted assets 112,803,209 127,913,794 148,623,692 217,114,798 Claims unpaid 55,417,625 58,769,534 66,716,264 98,541,596 Total liabilities 70,664,551 78,324,301 88,228,004 139,996,184 Capital and surplus 42,138,658 49,589,494 60,395,692 77,118,614 Premium income 316,554,793 375,446,914 422,784,338 603,013,777 Total benefits 273,501,378 318,780,200 356,116,275 558,263,421 Net investment income 1,759,396 1,651,403 2,381,174 3,502,860 Net income 8,570,279 13,952,465 11,076,318 (4,188,700) FINANCIAL STATEMENTS The following financial statements are based on the statutory financial statements filed by the Company with the Nebraska Department of Insurance and present the financial condition of the Company for the period ending December 31, 2015. The accompanying comments on financial statements reflect any examination adjustments to the amounts reported in the annual statements and should be considered an integral part of the financial statements. A reconciliation of the capital and surplus account for the period under review is also included. FINANCIAL STATEMENT December 31, 2015 Assets Net Assets Not Admitted Assets Admitted Assets Bonds $149,929,441 $149,929,441 Cash, equivalents and short-term investments 12,240,657 12,240,657 Other invested assets 947,498 947,498 Receivables for securities 383 383 Subtotal, cash and invested assets $163,117,979 $163,117,979 Investment income due and accrued 1,468,810 1,468,810 Uncollected premiums and agents’ balances In the course of collection 15,823,643 $ 468,929 15,354,714 Accrued retrospective premiums and contracts subject to redetermination 502,874 502,874 Amounts recoverable from reinsurers 17,644,527 17,644,527 Amounts receivable relating to uninsured plans 2,269,348 2,269,348 Net deferred tax asset 4,348,050 284,085 4,063,965 Furniture and equipment 163,555 163,555 Receivables from parent, subsidiaries and affiliates 9,929,747 9,929,747 Health care and other amounts receivable 311,348 311,348 State income tax receivable 1,344,815 1,344,815 Prepaids 26,866 26,866 Deposit 4,500 4,500 Other assets 1,183,638 76,967 1,106,671 Prior year correction of AHM management fee – expense (7,209,140) (7,209,140) Prior year correction of AHM management fee - surplus 7,209,140 7...
Growth. 27. Effective immediately, the Association shall not increase its total assets during any quarter in excess of an amount equal to net interest credited on deposit liabilities during the prior quarter without the prior written notice of non-objection of the Regional Director. The growth restriction imposed by this Paragraph shall remain in effect until the Association receives the Regional Director’s written notice of non-objection of its Business Plan pursuant to Paragraph 3 of this Agreement.
Growth. The growth measure for the Fiscal Year under all matrices will be based on policies in force ("PIFs"). For all matrices, growth will be measured by the percentage change in average PIFs for the Fiscal Year compared to the average PIFs of the immediately preceding fiscal year. Average PIFs for the Fiscal Year and for the immediately preceding fiscal year will be determined by adding the fiscal-month-end number of PIFs for each month during such year and dividing the total by twelve. Assigned risk business will not be included in determining the growth of any Business Unit.
Growth. From time to time the Council may choose to supplement the Fund with further payments, from the transfer of other, identified redundant or frustrated trusts or other sources of income as may be appropriate. The Foundation will also seek to grow the Fund through a variety of methods that will, from time to time, be initiated.
Growth. The Participant can earn up to $80,000, based on the sum of the highest average of 3 consecutive months in 2008 of the sum of Total Assets and Total Deposits, prorated between the base number of $460,000,000 as 0% and $683,000,000 as 100%. Performance above $683,000,000 will be prorated above 100%.
Growth. On January 1, 1996, Detroit Edison's common stock was exchanged on a share-for-share basis for the common stock of the Company; and the Company became the parent holding company of Detroit Edison. The Company has no operations of its own, holding instead, directly or indirectly, the stock of Detroit Edison, its principal operating subsidiary, and other subsidiaries engaged in energy-related businesses. The holding company structure was adopted to position the Company for changes in the energy markets, and the electric utility industry in particular, by providing financial flexibility and additional resources for the development of new energy-related businesses. In order to sustain earnings growth, with an objective of 6% growth annually, the Company and Detroit Edison have developed a business strategy focused on core competencies, consisting of expertise in developing, managing and operating energy assets, including coal sourcing, blending and transportation skills. In addition, Detroit Edison has a program for developing work force training and planning for the future. Detroit Edison is preparing for the transition to competition in the electric energy markets. Although Detroit Edisxx'x xlectric power sales and system demand have grown at compounded annual rates of about 3% for the last five years, the transition to competition is expected to reduce Detroit Edison's system growth in the long-term. Detroit Edison projects that its electric power sales will increase at a compounded annual rate of approximately 2% over the next five years, but the impact of the transition to competition on earnings and operating conditions is uncertain. The Company is building a portfolio of growth businesses that leverage its skills and build upon key customer relationships. These growth businesses include on-site energy projects and services, coal transportation and processing, and energy marketing and trading. During the five-year period ending 2002, these businesses could contribute up to $150 million in earnings annually. The Company's long-term growth strategy recognizes the fact that competition, new technologies and environmental concerns will have a significant impact on reshaping the electric utility industry. Therefore, the Company is investing in new energy-related technologies such as fuel cells, distributed generation and renewable sources of energy. The Company believes that its financial and technological resources, experience in the energy field and strateg...
Growth. As part of our commitment to the gospel and mission of the church, we will place growing as a disciple of Xxxxx Xxxxxx as a high personal priority. We will support each other in carrying out the following commitments: We will attend to our spiritual lives, practicing daily prayer and devotions. We will read to stay current and intellectually alert. We will hone our craft as a pastor and sharpen our skills for the work of ministry. We will participate in continuing education opportunities. We will annually attend the annual Tri-Synodical Theological Conference and Synod Assembly to stay close to the life of the whole church. We will exercise and eat a healthy diet.