Minimum Risk-Based Capital Ratio. (a) Maintain, or cause to be maintained, a Risk-Based Capital Ratio of RIC, as of the last day of each Fiscal Month (beginning with the Fiscal Month ending November 30, 2019), of no less than the greater of (i) the highest Risk-Based Capital Ratio required (x) by the Insurance Regulatory Authority of the State of Ohio (or in the event RIC redomiciles in any other state, then the applicable Insurance Regulatory Authority in such other state of domicile), or (y) pursuant to any agreement, instrument or Guarantee entered into by Holdings or any of its Subsidiaries and applicable to RIC (whether or not RIC is a party thereto), in any case as certified by the Borrower in the applicable Compliance Certificate, and (ii) 2.50 to 1.00.
Minimum Risk-Based Capital Ratio. The Borrower will not permit the Risk-Based Capital Ratio for any Regulated Insurance Company determined on an individual basis calculated as of the last day of any fiscal year to be less than 250%, provided that if any such Person fails to maintain such Risk-Based Capital Ratio as of the last day of any fiscal year the Borrower shall nevertheless be deemed to be in compliance with this Section 10.11, and no Default or Event of Default shall exist, so long as (i) the Combined Risk-Based Capital Ratio for all Regulated Insurance Companies as of the last day of such fiscal year is at least 275% and (ii) the Risk-Based Capital Ratio of each Regulated Insurance Company determined on an individual basis as of the last day of such fiscal year is at least 210%.
Minimum Risk-Based Capital Ratio. The Borrower shall cause American Equity Life and each other Material Insurance Subsidiary to maintain a Risk-Based Capital Ratio as of the end of any Fiscal Quarter of not less than two hundred and seventy five percent (275%).
Minimum Risk-Based Capital Ratio. The Risk-Based Capital Ratio shall not be less than 250% at any time.
Minimum Risk-Based Capital Ratio. The Borrower will not permit the Risk-Based Capital Ratio for any Regulated Insurance Subsidiary determined on an individual basis calculated as of the last day of any fiscal quarter to be less than the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ended Ratio December 31, 2013 300 % March 31, 2014 300 % June 30, 2014 350 % September 30, 2014 350 % December 31, 2014 and the last day of each fiscal quarter thereafter (if deferred consideration in Retail Sale is received) 300 % December 31, 2014 and the last day of each fiscal quarter thereafter (if deferred consideration in Retail Sale is not received) 350 %
Minimum Risk-Based Capital Ratio. Borrower shall cause the Bank Subsidiary to maintain, at the end of each fiscal quarter, a Risk-Based Capital Ratio greater than or equal to ten percent (10.00%). This covenant has been tested as of the date hereof by Borrower and Borrower covenants to the Bank that the Borrower is in compliance with this covenant. This covenant will be tested quarterly hereafter, at the end of each fiscal quarter commencing with the fiscal quarter ended September 30, 2015, as derived from the quarterly reports of the Bank Subsidiary filed with its primary state regulator and shall be consistent with the financial information and reports contemplated in Section 8 of this Agreement.
Minimum Risk-Based Capital Ratio. The Borrower shall not permit the Risk-Based Capital Ratio for (i) Central Reserve Life Insurance Company to be less than 275% or (ii) Continental General Insurance Company to be less than 250%, in each case, determined at the end of each fiscal year of the Borrower.
Minimum Risk-Based Capital Ratio. The Borrower will not permit the Risk-Based Capital Ratio for any Regulated Insurance Company to be less than 125%.
Minimum Risk-Based Capital Ratio. The Borrower shall at the end of each Fiscal Year cause each Significant Insurance Subsidiary to maintain a ratio of (a) -61- total Adjusted Capital (as defined in the Risk-Based Capital Act or in the rules and procedures prescribed from time to time by the NAIC with respect thereto) to (b) the Company Action Level RBC (as defined in the Risk-Based Capital Act or in the rules and procedures prescribed from time to time by the NAIC with respect thereto) of at least 150%.
Minimum Risk-Based Capital Ratio. Each Insurance Company will severally maintain, as of the end of each calendar year, commencing with the calendar year ending December 31, 2006, a Risk Based Capital Ratio of not less than 2.15 to 1.0.
