Allied SAP Statements definition

Allied SAP Statements shall have the meaning set forth in Section --------------------- 4.5(d) hereof.
Sample 1
Allied SAP Statements means: (i) the Annual Statements for the Allied Insurers as of and for the years ended December 31, 1995, 1996 and 1997;
Sample 1

Examples of Allied SAP Statements in a sentence

  • All reserves of the Allied Insurers set forth in the Allied SAP Statements are, to the Knowledge of Allied, fairly stated in accordance with sound actuarial principles and meet the requirements of the insurance laws of the applicable insurance authority, except where the failure to so state such reserves or meet such requirements would not reasonably be expected to have a Material Adverse Effect.

  • Except as disclosed in the SEC Reports or the Allied Disclosure Letter, the insurance reserving practices and policies of the Allied Insurers have not changed, in any material respect, since December 31, 1997, and the results of the application of such practices and policies are reflected in the Allied SAP Statements.

  • To the Knowledge of Allied, the aggregate reserves -------- of the Allied Insurers as recorded in the Allied SAP Statements have been determined in accordance with generally accepted actuarial principles consistently applied (except as set forth therein).

  • To the Knowledge of Allied, the aggregate reserves of the Allied Insurers as recorded in the Allied SAP Statements have been determined in accordance with generally accepted actuarial principles consistently applied (except as set forth therein).

  • Except (i) as set forth in the Allied Disclosure Schedule or as disclosed in the Allied SAP Statements and (ii) for any Proceeding which is not reasonably likely to give rise to a Liability in excess of $250,000, there are no Proceedings pending or, to the Knowledge of Allied or any of the Allied Subsidiaries, threatened against Allied or any Allied Subsidiary before any Governmental Entity or arbitrator which, individually or in the aggregate, are reasonably likely to have a Material Adverse Effect.

Related to Allied SAP Statements

  • Statutory Financial Statements means, with respect to any Party, the annual and quarterly statutory financial statements of such Party filed with the Governmental Authority charged with supervision of insurance companies in the jurisdiction of domicile of such Party to the extent such Party is required by Applicable Law to prepare and file such financial statements.

  • Statutory Statements means, with respect to any Regulated Insurance Company for any fiscal year, the annual or quarterly financial statements of such Regulated Insurance Company as required to be filed with the Insurance Regulatory Authority of its jurisdiction of domicile and in accordance with the laws of such jurisdiction, together with all exhibits, schedules, certificates and actuarial opinions required to be filed or delivered therewith.

  • Buyer Financial Statements shall have the meaning set forth in Section 4.6.

  • Company Interim Financial Statements has the meaning specified in Section 4.08(a).

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

  • Year-End Financial Statements has the meaning specified in Section 4.5.

  • Purchaser Financial Statements shall have the meaning specified in Section 4.8.1.

  • Parent Financial Statements has the meaning set forth in Section 4.6(a).

  • Company Financial Statements has the meaning set forth in Section 3.6(a).

  • Target Financial Statements has the meaning set forth in Section 3.4.

  • Interim Financial Statements has the meaning set forth in Section 3.06.

  • Insurance Subsidiaries means, collectively, MGMM Insurance Company, a Nevada corporation and any Subsidiaries formed for the purpose of facilitating and providing insurance coverage and claims services for the Company and its Subsidiaries.

  • Statutory Statement means a statement of the condition and affairs of an Insurance Subsidiary, prepared in accordance with accounting procedures and practices prescribed or permitted by an applicable insurance regulatory authority or the NAIC, as modified in accordance with permitted practices approved by an applicable insurance regulatory authority, and filed with an applicable insurance regulatory authority or the NAIC.

  • Consolidated Financial Statements means, with respect to any Person, collectively, the consolidated financial statements and notes to those financial statements, of that Person and its Consolidated Subsidiaries prepared in accordance with GAAP.

  • Required Financial Statements has the meaning assigned to such term in Section 5.04(2).

  • Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.

  • Company Audited Financial Statements has the meaning set forth in Section 3.11.

  • Historical Financial Statements means the audited consolidated balance sheets of the Borrower as of December 31, 2006 and December 31, 2005 and the audited consolidated statements of income, stockholders’ equity and cash flows of the Borrower for each of the fiscal years in the three year period ending on December 31, 2006.

  • Quarterly Financial Statements is defined in Section 6.2(a).

  • Borrower Financial Statements has the meaning assigned to such term in Section 4.4(a).

  • Closing Financial Statements has the meaning set forth in Section 6.22.

  • Initial Financial Statements means (a) the audited annual Consolidated financial statements of Borrower dated as of December 31, 2002, and (b) the unaudited quarterly Consolidated financial statements of Borrower dated as of September 30, 2003.

  • Interim Statements means the quarterly financial statement of any insurance company as required to be filed with the Department, together with all exhibits or schedules filed therewith, prepared in conformity with SAP. References to amounts on particular exhibits, schedules, lines, pages and columns of such interim statements are based on the formats promulgated by the NAIC for 2012 interim statements for the applicable type of insurance company. If such format is changed in future years so that different information is contained in such terms or they no longer exist, it is understood that the reference is to information consistent with that recorded in the referenced item in the 2012 interim statement of the insurance company.

  • Unaudited Financial Statements has the meaning set forth in Section 3.4(a).

  • Most Recent Financial Statements has the meaning set forth in Section 4(g) below.

  • Monthly Financial Statements is defined in Section 6.2(c).