Common use of Material Regulatory Matters Clause in Contracts

Material Regulatory Matters. (i) any Insurance Subsidiary’s ability to pay fees to its Affiliates under existing agreements (or extensions of existing agreements) shall be restricted (due to actions of any Governmental Authority), other than by restrictions relating to the ability to pay such fees that apply generally to other insurance companies domiciled in such Insurance Subsidiary’s state of domicile under the insurance law of such state, (ii) in any Fiscal Year, any Insurance Subsidiary’s ability to pay dividends to its stockholders is restricted in any manner (due to actions of any Governmental Authority), other than by restrictions relating to dividends that apply generally to other insurance companies domiciled in such Insurance Subsidiary’s state of domicile under the insurance law of the state or (iii) any one or more insurance licenses of the Borrower or any of its Subsidiaries shall be suspended, limited or terminated or shall not be renewed, or any other action shall be taken by any Governmental Authority, and in the cases of subclauses (i) through (iii) above, such event or condition, together with all other such events or conditions, could reasonably be expected to have a Material Adverse Effect; or

Material Regulatory Matters. (i) any Insurance Subsidiary’s ability to pay fees to its Affiliates under existing agreements (or extensions of existing agreements) shall be restricted (due to actions of any Governmental Authority), other than by restrictions relating to the ability to pay such fees that apply generally to other insurance companies domiciled in such Insurance Subsidiary’s state of domicile under the insurance law of such state, (ii) in any Fiscal Year, any Insurance Subsidiary’s ability to pay dividends to its stockholders is restricted in any manner (due to actions of any Governmental Authority), other than by restrictions relating to dividends that apply generally to other insurance companies domiciled in such Insurance Subsidiary’s state of domicile under the insurance law of the state or (iii) any one or more insurance licenses of the Borrower Credit Parties or any of its their Subsidiaries shall be suspended, limited or terminated or shall not be renewed, or any other action shall be taken by any Governmental Authority, and in the cases of subclauses (i) through (iii) above, such event or condition, together with all other such events or conditions, could reasonably be expected to have a Material Adverse Effect; or