Common use of Other Regulatory Statements and Reports Clause in Contracts

Other Regulatory Statements and Reports. Promptly (A) after their becoming available, copies of any statutory financial statements which are not otherwise delivered pursuant to Sections 6.01(a) through (f), inclusive, and which the Borrower or any Regulated Insurance Company periodically files with the Applicable Insurance Regulatory Authority of the state in which it is domiciled or any state in which it is deemed to be commercially domiciled or any governmental agency or agencies substituted therefor (including all exhibits and schedules thereto); provided that, notwithstanding anything to the contrary contained in this clause (A), no statutory financial statements of an Insurance Subsidiary that is not a Material Insurance Subsidiary shall be required to be furnished, (B) after receipt thereof, copies of all regular and periodic reports of reviews or examinations (including, without limitation, triennial examinations and risk based capital reports) of any Regulated Insurance Company that is a Subsidiary, or any of them, delivered to such Person by any Applicable Insurance Regulatory Authority, insurance commission or similar regulatory authority, (C) after receipt thereof, written notice of any assertion by any Applicable Insurance Regulatory Authority or any governmental agency or agencies substituted therefor, as to a violation of any Legal Requirement by any Regulated Insurance Company which is likely to have a material adverse effect on the condition (financial or otherwise, determined pursuant to GAAP or SAP), businesses, operations, properties, assets, liabilities or investments of the Borrower and its Subsidiaries taken as a whole or the ability of the Borrower to perform its obligations hereunder or under any other Credit Document, (D) after receipt thereof, a copy of the final report to each Regulated Insurance Company from the NAIC for each fiscal year, as to such Company's compliance or noncompliance with each of the NAIC Tests, (E) after receipt thereof, a copy of A.M. Best's rating analysis for FIC on a combined basis for each fiscal year, (F) and in any event within three Business Days after receipt thereof, copies of any notice of actual suspension, termination or revocation of any license of any Regulated Insurance Company by any Applicable Insurance Regulatory Authority (other than any termination voluntarily effected by such Regulated Insurance Company), including any request by an Applicable Insurance Regulatory Authority which commits a Regulated Insurance Company to take or refrain from taking any action or which otherwise affects the authority of such Regulated Insurance Company to conduct its business, and (G) and in any event within three Business Days after the Borrower or any of its Subsidiaries obtains knowledge thereof, notice of any actual changes in the insurance laws enacted in any state in which any Regulated Insurance Company is domiciled which, in the case of the foregoing clause (F) or (G), could (in the reasonable judgment of the Borrower) have a material adverse effect on the condition (financial or otherwise, determined pursuant to GAAP or SAP), businesses, operations, properties, assets, liabilities or investments of the Borrower and its Subsidiaries taken as a whole or on the ability of the Borrower to perform its obligations under any Credit Document.

Appears in 1 contract

Samples: Pledge Agreement (Fremont General Corp)

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Other Regulatory Statements and Reports. Promptly (A) after their becoming available, copies of any statutory financial statements which are not otherwise delivered pursuant to Sections 6.01(a(including all exhibits and schedules thereto) through (f), inclusive, and which that the Borrower or any Regulated Insurance Company periodically files with the Applicable Insurance Regulatory Authority of the state in which it is domiciled or and, to the extent materially different from the financial statements filed in such state of domicile, any other state in which it is deemed to be commercially domiciled or any governmental agency or agencies substituted therefor (including all exhibits and schedules thereto); provided that, notwithstanding anything to the contrary contained in this clause (A), no statutory financial statements of an Insurance Subsidiary that is not a Material Insurance Subsidiary shall be required to be furnishedtherefor, (B) after receipt of a written request by the Administrative Agent or any Bank and after receipt thereof, copies of all regular and periodic reports of reviews or examinations (including, without limitation, triennial examinations and risk based adjusted capital reports) of any Regulated Insurance Company that is a Subsidiary, or any of themCompany, delivered to such Person by any Applicable Insurance Regulatory Authority, insurance commission or similar regulatory authority, (C) after receipt thereof, written notice of any assertion by any Applicable Insurance Regulatory Authority or any governmental agency or agencies substituted therefor, as to a violation of any Legal Requirement by any Regulated Insurance Company which is likely to have a material adverse effect on the condition (financial or otherwise, determined pursuant to GAAP or SAP), businesses, operations, properties, assets, liabilities or investments of the Borrower and its Subsidiaries taken as a whole or the ability of the Borrower to perform its obligations hereunder or under any other Credit DocumentMaterial Adverse Effect, (D) after receipt of a written request by the Administrative Agent or any Bank and after receipt thereof, a copy of the final report to each Regulated Insurance Company from the NAIC for each fiscal year, as to such Regulated Insurance Company's ’s compliance or noncompliance with each of the NAIC Tests, (E) after receipt thereof, a copy of any final rating analysis by any rating agency (including, without limitation, A.M. Best's rating analysis ) for FIC on a combined basis each Regulated Insurance Company for each fiscal year, (F) after receipt thereof, a copy of any notice of termination, cancellation or recapture of any Reinsurance Agreement or Retrocession Agreement to which a Regulated Insurance Company is a party to the extent such termination or cancellation is likely to have a Material Adverse Effect, (G) and after receipt of a written request by the Administrative Agent or any Bank and within 60 days after the end of the next succeeding quarter after the making of any such filing, copies of all insurance holding company system act filings with governmental authorities by a Regulated Insurance Company, including, without limitation, filings which seek approval of governmental authorities with respect to transactions between any of the Regulated Insurance Companies and any of their respective Affiliates, (H) and in any event within three Business Days after receipt thereof, copies of any notice of actual suspension, termination or revocation of any license of any Material Regulated Insurance Company by any Applicable Insurance Regulatory Authority (other than any termination voluntarily effected by such Regulated Insurance Company)Authority, including any request by an Applicable Insurance Regulatory Authority which commits a Material Regulated Insurance Company to take or refrain from taking any action or which otherwise affects the authority of such Material Regulated Insurance Company to conduct its business, and (GI) and in any event within three 20 Business Days after the Borrower or any of its Subsidiaries obtains knowledge thereof, notice of any actual changes in the insurance laws enacted in any state in which any Regulated Insurance Company is domiciled which, in the case of the foregoing clause (F) or (G), could (in the reasonable judgment of the Borrower) which would reasonably be expected to have a material adverse effect on the condition (financial or otherwise, determined pursuant to GAAP or SAP), businesses, operations, properties, assets, liabilities or investments of the Borrower and its Subsidiaries taken as a whole or on the ability of the Borrower to perform its obligations under any Credit DocumentMaterial Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Amerus Group Co/Ia)

Other Regulatory Statements and Reports. Promptly (A) after their becoming available, copies of any statutory financial statements which are not otherwise delivered pursuant to Sections 6.01(a(including all exhibits and schedules thereto) through (f), inclusive, and which that the Borrower or any Regulated Insurance Company periodically files with the Applicable Insurance Regulatory Authority of the state in which it is domiciled or and, to the extent materially different from the financial statements filed in such state of domicile, any other state in which it is deemed to be commercially domiciled or any governmental agency or agencies substituted therefor (including all exhibits and schedules thereto); provided that, notwithstanding anything to the contrary contained in this clause (A), no statutory financial statements of an Insurance Subsidiary that is not a Material Insurance Subsidiary shall be required to be furnishedtherefor, (B) after receipt of a written request by the Administrative Agent or any Bank and after receipt thereof, copies of all regular and periodic reports of reviews or examinations (including, without limitation, triennial examinations and risk based adjusted capital reports) of any Regulated Insurance Company that is a Subsidiary, or any of themCompany, delivered to such Person by any Applicable Insurance Regulatory Authority, insurance commission or similar regulatory authority, (C) after receipt thereof, written notice of any assertion by any Applicable Insurance Regulatory Authority or any governmental agency or agencies substituted therefor, as to a violation of any Legal Requirement by any Regulated Insurance Company which is likely to have a material adverse effect on the condition (financial or otherwise, determined pursuant to GAAP or SAP), businesses, operations, properties, assets, liabilities or investments of the Borrower and its Subsidiaries taken as a whole or the ability of the Borrower to perform its obligations hereunder or under any other Credit DocumentMaterial Adverse Effect, (D) after receipt of a written request by the Administrative Agent or any Bank and after receipt thereof, a copy of the final report to each Regulated Insurance Company from the NAIC for each fiscal year, as to such Regulated Insurance Company's compliance or noncompliance with each of the NAIC Tests, (E) after receipt thereof, a copy of any final rating analysis by any rating agency (including, without limitation, A.M. Best's rating analysis ) for FIC on a combined basis each Regulated Insurance Company for each fiscal year, (F) after receipt thereof, a copy of any notice of termination, cancellation or recapture of any Reinsurance Agreement or Retrocession Agreement to which a Regulated Insurance Company is a party to the extent such termination or cancellation is likely to have a Material Adverse Effect, (G) and after receipt of a written request by the Administrative Agent or any Bank and within 60 days after the end of the next succeeding quarter after the making of any such filing, copies of all insurance holding company system act filings with governmental authorities by a Regulated Insurance Company, including, without limitation, filings which seek approval of governmental authorities with respect to transactions between any of the Regulated Insurance Companies and any of their respective Affiliates, (H) and in any event within three Business Days after receipt thereof, copies of any notice of actual suspension, termination or revocation of any license of any Material Regulated Insurance Company by any Applicable Insurance Regulatory Authority (other than any termination voluntarily effected by such Regulated Insurance Company)Authority, including any request by an Applicable Insurance Regulatory Authority which commits a Material Regulated Insurance Company to take or refrain from taking any action or which otherwise affects the authority of such Material Regulated Insurance Company to conduct its business, and (GI) and in any event within three 20 Business Days after the Borrower or any of its Subsidiaries obtains knowledge thereof, notice of any actual changes in the insurance laws enacted in any state in which any Regulated Insurance Company is domiciled which, in the case of the foregoing clause (F) or (G), which could (in the reasonable judgment of the Borrower) have a material adverse effect on the condition (financial or otherwise, determined pursuant to GAAP or SAP), businesses, operations, properties, assets, liabilities or investments of the Borrower and its Subsidiaries taken as a whole or on the ability of the Borrower to perform its obligations under any Credit DocumentMaterial Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Amerus Group Co/Ia)

Other Regulatory Statements and Reports. Promptly (A) after their becoming available, copies of any statutory financial statements which are not otherwise delivered pursuant to Sections 6.01(a(including all exhibits and schedules thereto) through (f), inclusive, and which that the Borrower or any Regulated Insurance Company periodically files with the Applicable Insurance Regulatory Authority of the state in which it is domiciled or and, to the extent materially different from the financial statements filed in such state of domicile, any other state in which it is deemed to be commercially domiciled or any governmental agency or agencies substituted therefor (including all exhibits and schedules thereto); provided that, notwithstanding anything to the contrary contained in this clause (A), no statutory financial statements of an Insurance Subsidiary that is not a Material Insurance Subsidiary shall be required to be furnishedtherefor, (B) after receipt of a written request by the Administrative Agent or any Bank and after receipt thereof, copies of all regular and periodic reports of reviews or examinations (including, without limitation, triennial examinations and risk based adjusted capital reports) of any Regulated Insurance Company that is a Subsidiary, or any of themCompany, delivered to such Person by any Applicable Insurance Regulatory Authority, insurance commission or similar regulatory authority, (C) after receipt thereof, written notice of any assertion by any Applicable Insurance Regulatory Authority or any governmental agency or agencies substituted therefor, as to a violation of any Legal Requirement by any Regulated Insurance Company which is likely to have a material adverse effect on the condition (financial or otherwise, determined pursuant to GAAP or SAP), businesses, operations, properties, assets, liabilities or investments of the Borrower and its Subsidiaries taken as a whole or the ability of the Borrower to perform its obligations hereunder or under any other Credit DocumentMaterial Adverse Effect, (D) after receipt of a written request by the Administrative Agent or any Bank and after receipt thereof, a copy of the final report to each Regulated Insurance Company from the NAIC for each fiscal year, as to such Regulated Insurance Company's ’s compliance or noncompliance with each of the NAIC Tests, (E) after receipt thereof, a copy of any final rating analysis by any rating agency (including, without limitation, A.M. Best's rating analysis ) for FIC on a combined basis each Regulated Insurance Company for each fiscal year, (F) after receipt thereof, a copy of any notice of termination, cancellation or recapture of any Reinsurance Agreement or Retrocession Agreement to which a Regulated Insurance Company is a party to the extent such termination or cancellation is likely to have a Material Adverse Effect, (G) and after receipt of a written request by the Administrative Agent or any Bank and within 60 days after the end of the next succeeding quarter after the making of any such filing, copies of all insurance holding company system act filings with governmental authorities by a Regulated Insurance Company, including, without limitation, filings which seek approval of governmental authorities with respect to transactions between any of the Regulated Insurance Companies and any of their respective Affiliates, (H) and in any event within three Business Days after receipt thereof, copies of any notice of actual suspension, termination or revocation of any license of any Material Regulated Insurance Company by any Applicable Insurance Regulatory Authority (other than any termination voluntarily effected by such Regulated Insurance Company)Authority, including any request by an Applicable Insurance Regulatory Authority which commits a Material Regulated Insurance Company to take or refrain from taking any action or which otherwise affects the authority of such Material Regulated Insurance Company to conduct its business, and (GI) and in any event within three 20 Business Days after the Borrower or any of its Subsidiaries obtains knowledge thereof, notice of any actual changes in the insurance laws enacted in any state in which any Regulated Insurance Company is domiciled which, in the case of the foregoing clause (F) or (G), which could (in the reasonable judgment of the Borrower) have a material adverse effect on the condition (financial or otherwise, determined pursuant to GAAP or SAP), businesses, operations, properties, assets, liabilities or investments of the Borrower and its Subsidiaries taken as a whole or on the ability of the Borrower to perform its obligations under any Credit DocumentMaterial Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Amerus Group Co/Ia)

Other Regulatory Statements and Reports. Promptly (A) after their becoming available, copies of any statutory financial statements which are not otherwise delivered pursuant to Sections 6.01(a) through (f), inclusive, and which that the Borrower or any Regulated Insurance Company periodically files with the Applicable Insurance Regulatory Authority of the state in which it is domiciled or any state in which it is deemed to be commercially domiciled or any governmental agency or agencies substituted therefor (including in- cluding all exhibits and schedules thereto); provided that, notwithstanding anything to the contrary contained in this clause (A), no statutory financial statements of an Insurance Subsidiary that is not a Material Insurance Subsidiary shall be required to be furnished, (B) after receipt thereof, copies of all regular and periodic reports of reviews or examinations (including, without limitation, triennial examinations and risk based capital reports) of any Regulated Insurance Company that is a Subsidiary, or any of them, delivered to such Person by any Applicable Insurance Regulatory Authority, insurance commission or similar regulatory authority, (C) after receipt thereof, written notice of any assertion by any Applicable Insurance Regulatory Authority or any governmental agency or agencies substituted therefor, as to a violation of any Legal Requirement by any Regulated Insurance Company which is likely to have a material adverse effect on the condition (financial or otherwise, determined pursuant to GAAP or SAP), businesses, operations, properties, assets, liabilities or investments of the Borrower and its Subsidiaries taken as a whole or the ability of the Borrower to perform its obligations hereunder or under any other Credit Document, (D) after receipt thereof, a copy of the final report to each Regulated Insurance Company from the NAIC for each fiscal year, as to such Company's compliance or noncompliance with each of the NAIC Tests, (E) after receipt thereof, a copy of A.M. Best's rating analysis for FIC on a combined basis each Regulated Insurance Company for each fiscal year, (F) and in any event within three Business Days after receipt thereof, copies of any notice of actual suspension, termination or revocation of any license of any Regulated Insurance Company by any Applicable Insurance Regulatory Authority (other than any termination voluntarily effected by such Regulated Insurance Company), including any request by an Applicable Insurance Regulatory Authority which commits a Regulated Insurance Company to take or refrain from taking any action or which otherwise affects the authority of such Regulated Insurance Company to conduct its business, and (G) and in any event within three Business Days after the Borrower or any of its Subsidiaries obtains knowledge thereof, notice of any actual changes in the insurance laws enacted in any state in which any Regulated Insurance Company is domiciled which, in the case of the foregoing clause (F) or (G), could (in the reasonable judgment of the Borrower) have a material adverse effect on the condition (financial or otherwise, determined pursuant to GAAP or SAP), businesses, operations, properties, assets, liabilities or investments of the Borrower and its Subsidiaries taken as a whole or on the ability of the Borrower to perform its obligations under any Credit Document.

Appears in 1 contract

Samples: Credit Agreement (Fremont General Corp)

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Other Regulatory Statements and Reports. Promptly (A) after their becoming available, copies of any statutory financial statements which are not otherwise delivered pursuant to Sections 6.01(a) through (f), inclusive, and which the Borrower or any Regulated Insurance Company periodically files with the Applicable Insurance Regulatory Authority of the state in which it is domiciled or any state in which it is deemed to be commercially domiciled or any governmental agency or agencies substituted therefor (including all exhibits and schedules thereto); provided that, notwithstanding anything to the contrary contained in this clause (A), no statutory financial statements of an Insurance Subsidiary that is not a Material Insurance Subsidiary shall be required to be furnished, (B) after receipt thereof, copies of all regular and periodic reports of reviews or examinations (including, without limitation, triennial examinations and risk based adjusted capital reports) reports of any Regulated Insurance Company that is a Subsidiary, or any of themCompany, delivered to such Person by any Applicable Insurance Regulatory Authority, insurance commission or similar regulatory authority, (CB) after receipt thereof, written notice of any assertion by any Applicable Insurance Regulatory Authority or any governmental agency or agencies substituted therefor, as to a violation of any Legal Requirement by any Regulated Insurance Company which is likely to have a material adverse effect on the condition (financial or otherwise, determined pursuant to GAAP or SAP), businesses, operations, properties, assets, liabilities or investments of the Borrower and its Subsidiaries taken as a whole or the ability of the Borrower to perform its obligations hereunder or under any other Credit DocumentMaterial Adverse Effect, (DC) after receipt thereof, a copy of the final report to each Regulated Insurance Company from the NAIC for each fiscal year, as to such Regulated Insurance Company's compliance or noncompliance with each of the NAIC Tests, (ED) after receipt thereof, a copy of A.M. Best's rating analysis for FIC on any notice of termination, cancellation or recapture of any Reinsurance Agreement or Retrocession Agreement to which a combined basis for each fiscal yearRegulated Insurance Company is a party to the extent such termination or cancellation is reasonably likely to have a Material Adverse Effect, (FE) and in any event within three ten Business Days after receipt thereof, copies of any notice of actual suspension, termination or revocation of any license of any Regulated Insurance Company by any Applicable Insurance Regulatory Authority (other than any termination voluntarily effected by such Regulated Insurance Company)Authority, including any request by an Applicable Insurance Regulatory Authority which commits a Regulated Insurance Company to take or refrain from taking any action or which otherwise affects the authority of such Regulated Insurance Company to conduct its business, and (GF) and in any event within three ten Business Days after the Borrower or any of its Subsidiaries obtains knowledge thereof, notice of any actual changes in the insurance laws enacted in any state in which any Regulated Insurance Company is domiciled which, in the case of the foregoing clause (F) or (G), could (in the reasonable judgment of the Borrower) which would reasonably be expected to have a material adverse effect on the condition (financial or otherwise, determined pursuant to GAAP or SAP), businesses, operations, properties, assets, liabilities or investments of the Borrower and its Subsidiaries taken as a whole or on the ability of the Borrower to perform its obligations under any Credit DocumentMaterial Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Ceres Group Inc)

Other Regulatory Statements and Reports. Promptly (A) after their becoming available, copies of any statutory financial statements which are not otherwise delivered pursuant to Sections 6.01(a(including all exhibits and schedules thereto) through (f), inclusive, and which that the Borrower or any Regulated Insurance Company periodically files with the Applicable Insurance Regulatory Authority of the state in which it is domiciled or and, to the extent materially different from the financial statements filed in such state of domicile, any other state in which it is deemed to be commercially domiciled or any governmental agency or agencies substituted therefor (including all exhibits and schedules thereto); provided that, notwithstanding anything to the contrary contained in this clause (A), no statutory financial statements of an Insurance Subsidiary that is not a Material Insurance Subsidiary shall be required to be furnishedtherefor, (B) after receipt thereof, copies of all regular and periodic reports of reviews or examinations (including, without limitation, triennial examinations and risk based adjusted capital reports) of any Regulated Insurance Company that is a Subsidiary, or any of themCompany, delivered to such Person by any Applicable Insurance Regulatory Authority, insurance commission or similar regulatory authority, (C) after receipt thereof, written notice of any assertion by any Applicable Insurance Regulatory Authority or any governmental agency or agencies substituted therefor, as to a violation of any Legal Requirement by any Regulated Insurance Company which is likely to have a material adverse effect on the condition (financial or otherwise, determined pursuant to GAAP or SAP), businesses, operations, properties, assets, liabilities or investments of the Borrower and its Subsidiaries taken as a whole or the ability of the Borrower to perform its obligations hereunder or under any other Credit DocumentMaterial Adverse Effect, (D) after receipt thereof, a copy of the final report to each Regulated Insurance Company from the NAIC for each fiscal year, as to such Regulated Insurance Company's compliance or noncompliance with each of the NAIC Tests, (E) after receipt thereof, a copy of any final rating analysis by any rating agency (including, without limitation, A.M. Best's rating analysis ) for FIC on a combined basis each Regulated Insurance Company for each fiscal year, (F) after receipt thereof, a copy of any notice of termination, cancellation or recapture of any Reinsurance Agreement or Retrocession Agreement to which a Regulated Insurance Company is a party to the extent such termination or cancellation is likely to have a Material Adverse Effect, (G) and in any event not later than seven days after the making of any such filing, copies of all insurance holding company system act filings with governmental authorities by a Regulated Insurance Company, including, without limitation, filings which seek approval of governmental authorities with respect to transactions between any of the Regulated Insurance Companies and any of their respective Affiliates, (H) and in any event within three Business Days after receipt thereof, copies of any notice of actual suspension, termination or revocation of any license of any Regulated Insurance Company by any Applicable Insurance Regulatory Authority (other than any termination voluntarily effected by such Regulated Insurance Company)Authority, including any request by an Applicable Insurance Regulatory Authority which commits a Regulated Insurance Company to take or refrain from taking any action or which otherwise affects the authority of such Regulated Insurance Company to conduct its business, and (GI) and in any event within three 20 Business Days after the Borrower or any of its Subsidiaries obtains knowledge thereof, notice of any actual changes in the insurance laws enacted in any state in which any Regulated Insurance Company is domiciled which, in the case of the foregoing clause (F) or (G), which could (in the reasonable judgment of the Borrower) have a material adverse effect on the condition (financial or otherwise, determined pursuant to GAAP or SAP), businesses, operations, properties, assets, liabilities or investments of the Borrower and its Subsidiaries taken as a whole or on the ability of the Borrower to perform its obligations under any Credit DocumentMaterial Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Amerus Life Holdings Inc)

Other Regulatory Statements and Reports. Promptly (A) after their becoming available, copies of any statutory financial statements which are not otherwise delivered pursuant to Sections 6.01(a(including all exhibits and schedules thereto) through (f)that SNIG, inclusive, and which the Borrower or any Regulated Insurance Company periodically files with the Applicable Insurance Regulatory Authority of the state in which it is domiciled or and, to the extent materially different from the financial statements filed in such state of domicile, any other state in which it is deemed to be commercially domiciled or any governmental 46 agency or agencies substituted therefor (including all exhibits and schedules thereto); provided that, notwithstanding anything to the contrary contained in this clause (A), no statutory financial statements of an Insurance Subsidiary that is not a Material Insurance Subsidiary shall be required to be furnishedtherefor, (B) after receipt thereof, copies of all regular and periodic reports of reviews or examinations (including, without limitation, triennial examinations and risk based adjusted capital reports) of any Regulated Insurance Company that is a Subsidiary, or any of themCompany, delivered to such Person by any Applicable Insurance Regulatory Authority, insurance commission or similar regulatory authority, (C) after receipt thereof, written notice of any assertion by any Applicable Insurance Regulatory Authority or any governmental agency or agencies substituted therefor, as to a violation of any Legal Requirement by any Regulated Insurance Company which is likely to have a material adverse effect on the condition (financial or otherwise, determined pursuant to GAAP or SAP), businesses, operations, properties, assets, liabilities or investments of the Borrower and its Subsidiaries taken as a whole or the ability of the Borrower to perform its obligations hereunder or under any other Credit DocumentMaterial Adverse Effect, (D) after receipt thereof, a copy of the final report to each Regulated Insurance Company from the NAIC for each fiscal year, as to such Regulated Insurance Company's compliance or noncompliance with each of the NAIC Tests, (E) after receipt thereof, a copy of any rating analysis by any rating agency (including, without limitation, A.M. Best's rating analysis ) for FIC on a combined basis each Regulated Insurance Company for each fiscal year, (F) after receipt thereof, a copy of any notice of termination, cancellation or recapture of any Reinsurance Agreement or Retrocession Agreement to which a Regulated Insurance Company is a party to the extent such termination or cancellation is likely to have a Material Adverse Effect, (G) and in any event not later than seven days after the making of any such filing, copies of all insurance holding company system act filings with governmental authorities by a Regulated Insurance Company, including, without limitation, filings which seek approval of governmental authorities with respect to transactions between any of the Regulated Insurance Companies and any of their respective Affiliates, (H) and in any event within three Business Days after receipt thereof, copies of any notice of actual suspension, termination or revocation of any license of any Regulated Insurance Company by any Applicable Insurance Regulatory Authority (other than any termination voluntarily effected by such Regulated Insurance Company)Authority, including any request by an Applicable Insurance Regulatory Authority which commits a Regulated Insurance Company to take or refrain from taking any action or which otherwise affects the authority of such Regulated Insurance Company to conduct its business, and (GI) and in any event within three seven Business Days after SNIG, the Borrower or any of its their Subsidiaries obtains knowledge thereof, notice of any actual changes in the insurance laws enacted in any state in which any Regulated Insurance Company is domiciled which, in the case of the foregoing clause (F) or (G), which could (in the reasonable judgment of the Borrower) have a material adverse effect on the condition (financial or otherwise, determined pursuant to GAAP or SAP), businesses, operations, properties, assets, liabilities or investments of the Borrower and its Subsidiaries taken as a whole or on the ability of the Borrower to perform its obligations under any Credit DocumentMaterial Adverse Effect.

Appears in 1 contract

Samples: Agreement (Superior National Insurance Group Inc)

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