Minimum Surplus. The Company shall not permit the Capital and Surplus of ZIC as reported on a combined basis as of the end of any fiscal quarter (commencing with the fiscal quarter ended December 31, 2006) to be less than 75% of the Capital and Surplus of ZIC as reported on a combined basis as of the end of the fiscal year ended immediately prior to the end of such fiscal quarter.
Appears in 1 contract
Minimum Surplus. The Company shall not permit the Capital and Surplus of ZIC as reported on a combined basis to be less than $140,000,000 as of the end of any fiscal quarter (commencing with the fiscal quarter ended December 31, 2006) to be less than 75% of the Capital and Surplus of ZIC as reported on a combined basis as of the end of the fiscal year ended immediately prior to the end of such fiscal quarter.
Appears in 1 contract
Minimum Surplus. The Company shall not permit the Capital and Surplus of ZIC as reported on a combined basis to be less than $220,000,000 as of the end of any fiscal quarter (commencing with the fiscal quarter ended December 31, 2006) to be less than 75% of the Capital and Surplus of ZIC as reported on a combined basis as of the end of the fiscal year ended immediately prior to the end of such fiscal quarter.
Appears in 1 contract