Annual Statement Blank definition

Annual Statement Blank means the annual statement of the conditions and affairs of each Title Insurance Subsidiary in the form prescribed by its applicable State regulatory authority for title insurance companies and prepared in accordance with applicable statutory accounting principles. APPLICABLE LIBOR MARGIN, for purposes of determining the interest rate on a LIBOR Loan, means initially 0.25% (the Normal LIBOR Margin), provided, however, that the Normal LIBOR Margins shall be subject to quarterly adjustment, commencing with the fiscal quarter commencing July 1, 1998, based on the following matrix: Applicable LIBOR Margin Leverage Ratio for LIBOR Loans Less than 0.20:1.00 0.25% 0.20:1.00 through but less than 0.25:1.00 0.30% 0.25:1.00 through but less than 0.30:1.00 0.35% 0.30:1.00 through but less than 0.35:1.00 0.40% Greater than or equal to 0.35:1.00 0.50% APPROVED INVESTMENTS shall mean investments (i) in direct obligations of, or obligations the principal of and interest on which are fully guaranteed by, the United States of America, (ii) in obligations issued or guaranteed by any agency or instrumentality of the United States of America, (iii) in certificates of deposit of, and time deposits in, any bank organized under the laws of the United States of America or any State thereof whose short-term commercial paper rating from Standard & Poor's Corporation is at least A-1 or the equivalent thereof or from M▇▇▇▇'▇ Investors Service, Inc. is at least P-1 or the equivalent thereof (or in the event that neither such company is providing such service, any other similar nationally recognized rating service), or (iv) in short-term notes or other obligations rated P-1 by M▇▇▇▇'▇ Investors Service, Inc. or A-1 by Standard and Poor's Corporation (or in the event that neither such company is providing such service, any other similar nationally recognized rating service). ASSIGNEE LENDER is defined in SECTION 11.11.1.
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Annual Statement Blank means the annual statement of the conditions and affairs of each Title Insurance Subsidiary in the form prescribed by its applicable State regulatory authority for title insurance companies and prepared in accordance with applicable statutory accounting principles. Approved Investments shall mean investments (i) in direct obligations of, or obligations the principal of and interest on which are fully guaranteed by, the United States of America, (ii) in obligations issued or guaranteed by any agency or instrumentality of the United States of America, (iii) in certificates of deposit of, and time deposits in, any bank organized under the laws of the United States of America or any State thereof whose short-term commercial paper rating from Standard & Poor's Corporation is at least A-1 or the equivalent thereof or from Mood▇'▇ ▇▇▇estors Service, Inc. is at least P-1 or the equivalent thereof (or in the event that neither such company is providing such service, any other similar nationally recognized rating service), or (iv) in short-term notes or other obligations rated P-1 by Mood▇'▇ ▇▇▇estors Service, Inc. or A-1 by Standard and Poor's Corporation (or in the event that neither such company is providing such service, any other similar nationally recognized rating service); provided that all Investments in the obligations of any single issuer (other than pursuant to clauses (i) and (ii) above) shall not exceed the greater of (x) $60,000,000 and (y) 20% of all Approved Investments. Assignee Lender is defined in Section 12.11.1 Business Day shall mean (a) any day which is neither a Saturday or Sunday nor a legal holiday on which banks are authorized or required to be closed in Chicago, Illinois and New York, New York; and (b) relative to the making, continuing, prepaying or repaying of any LIBO Rate Loans, any day on which dealings in Dollars are carried on in the London interbank market Capitalized Lease Obligations shall mean the present value (determined in accordance with generally accepted accounting principles) of obligations to pay future rentals under a lease, under which lease the obligations of the lessee are required under generally accepted accounting principles to be shown as a liability on the balance sheet of such lessee; provided that in the event the Merr▇▇▇ ▇▇▇c▇ ▇▇▇se is required to be treated as a capitalized lease for accounting purposes, the term "Capitalized Lease Obligations" shall not include the Merr▇▇▇ ▇▇▇c▇ ▇▇▇se Obligations.
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Examples of Annual Statement Blank in a sentence

  • All policy assets and liabilities and all other non-ledger assets and liabilities shall be included as required by the Insurance Department Annual Statement Blank unless otherwise specified herein.

  • Within 90 days after each fiscal year of each Title Insurance Subsidiary, a copy of its Annual Statement Blank filed with its applicable State regulatory commission for such fiscal year and prepared in accordance with applicable statutory accounting requirements from time to time in effect.

  • On a monthly basis, commencing with the month in which the Closing occurs, an amount equal to the pre-tax interest on the preceding month “Accrued for Expense Allowance Recognized in Reserves” (as shown on page 3, line 13A of the NAIC Annual Statement Blank Form for 1997) where the interest rate equals 1/12 x [month end 10-year Treasury rate + 75 basis points] will be shown as a credit to the Company on the Accountings.

  • Each request for a Demand Registration by the Demand Initiating Holder shall state the type and amount of the Registrable Securities proposed to be sold and the intended method of disposition thereof, which may include a distribution of Registrable Securities to, and resale of such Registrable Securities by, the equity holders of any Crestview Holder or its equity holders (a “Partner Distribution”).

  • On a monthly basis, commencing with the month in which the Closing occurs, an amount equal to the pre-tax interest on the preceding month “Accrued for Expense Allowance Recognized in Reserves” (as shown on page 3, line 13A of the NAIC Annual Statement Blank Form for 1997) where the interest rate equals 1/12 x [month end 10-year Treasure rate + 75 basis points] will be shown as a credit to the Company on the Accountings.

  • On a monthly basis, commencing with the month in which the Closing occurs, an amount equal to the pre-tax interest on the preceding month "Accrued for Expense Allowance Recognized in Reserves" (as shown on page 3, line 13A of the NAIC Annual Statement Blank Form for 1997) where the interest rate equals 1/12 x [month end 10-year Treasure rate + 75 basis points] will be shown as a credit to the Company on the Accountings.

  • As used in this section, "SURPLUS" in respect of the Company shall mean "surplus as regards policyholders," calculated pursuant to page 3 of the NAIC Annual Statement Blank.

  • The term "Reserve Credit" means full statutory financial statement credit for the reinsurance ceded to the Grantor under the Reinsurance Agreement in the Beneficiary's NAIC Annual Statement Blank and in all statutory financial statements of the Beneficiary required to be filed with the Governmental Body charged with supervision of insurance companies in the State of Connecticut.

  • On a monthly basis, commencing with the month in which the Closing occurs, an amount equal to the pre-tax interest on the preceding month" Accrued for Expense Allowance Recognized in Reserves" (as shown on page 3, line 13A of the NAIC Annual Statement Blank Form for 1997) where the interest rate equals 1/12 x [month end IO-year Treasure rate + 75 basis points] will be shown as a credit to the Company on the Accountings.

  • On a monthly basis, commencing with the month in which the Closing occurs, an amount equal to the pre-tax interest on the preceding month" Accrued for Expense Allowance Recognized in Reserves" (as shown on page 3, line 13A of the NAIC Annual Statement Blank Form for 1997) where the interest rate equals 1/12 x [month end l0-year Treasure rate + 75 basis points] will be shown as a credit to the Company on the Accountings.