Statutory Surplus. At all times, maintain Statutory Surplus ----------------- for each Insurance Subsidiary in an amount not less than an amount equal to (a) 85% of the Statutory Surplus of each such Insurance Subsidiary on September 30, 1996, plus (b) 85% of all subsequent capital contributions to each such Insurance Subsidiary, less (c) in the event such Insurance Subsidiary dividends or otherwise distributes to its parent all the capital stock of a Wholly-Owned Insurance Subsidiary, 100% of the book value (calculated in accordance with SAP) of such Wholly-Owned Insurance Subsidiary at the time of such dividend or distribution.
Statutory Surplus. State Auto Mutual shall not permit its Statutory Surplus at any time to be less than (a) $989,347,000, at any time prior to the occurrence of a catastrophe giving rise to Loans being outstanding under the Credit Agreement (provided that no Loans are outstanding at such time) and (b) $931,150,000, at any time during the period from and including the date of occurrence of a catastrophe giving rise to Loans being outstanding under the Credit Agreement to but excluding the date all Loans shall have been required to be repaid in full pursuant to the terms of the Credit Agreement. State Auto Mutual shall not permit the Statutory Surplus of State Auto P&C to be less than (a) $337,955,000, at any time prior to the occurrence of a catastrophe giving rise to Loans being outstanding under the Credit Agreement (provided that no Loans are outstanding at such time) and (b) $318,076,000, at any time during the period from and including the date of occurrence of a catastrophe giving rise to Loans being outstanding under the Credit Agreement to but excluding the date all Loans shall have been required to be repaid in full pursuant to the terms of the Credit Agreement.
Statutory Surplus. 39 ----------------- 6.21. Tax Consolidation.....................................................................39 ----------------- 6.22.
Statutory Surplus. Permit the Statutory Surplus of Essent Guaranty at any time to be less than 75% of the Statutory Surplus of Essent Guaranty as of December 31, 2016;
Statutory Surplus. Borrower will not permit Consolidated Statutory Surplus for any fiscal quarter then ending to be less than the following amounts for the period corresponding thereto, with dollars expressed in millions (it being understood that any adjustments to Consolidated Statutory Surplus required to be made by any Department of Insurance in an aggregate amount not in excess of $25,000,000 shall not be taken into account in determining Borrower's compliance with this section and that the amount by which any such adjustments for such fiscal year exceed $25,000,000 shall be so taken into account):
Statutory Surplus. Section 7.6 of the Credit Agreement is hereby amended and restated in its entirety as follows.
Statutory Surplus. Not permit Statutory Surplus of the Title Insurance Subsidiaries on a combined basis at the close of any fiscal quarter to be less than $185,000,000.
Statutory Surplus. In relation to any Insurance Subsidiary at any time, the total surplus of such Insurance Subsidiary that appears or should appear, on the SAP Financial Statements of such Insurance Subsidiary determined in accordance with SAP.
Statutory Surplus. Not permit the Statutory Surplus for Kinsale Insurance as of the last day of any Fiscal Quarter, commencing with the Fiscal Quarter ending June 30, 2016, to be less than (a) 90% of the Statutory Surplus for Kinsale Insurance as of March 31, 2016 plus (b) 50% of the Statutory Net Income of Kinsale Insurance for each Fiscal Quarter ending after March 31, 2016.
Statutory Surplus. The Borrower will cause the Statutory Surplus of Reinsurance at all times from and after the Execution Date to be not less than $180,000,000.
