Asset Valuation Reserve definition

Asset Valuation Reserve means, as of any date of determination, the asset valuation reserve of MONY, as of such date, as would be reflected in line 24.01, column 1 in the “Liabilities, Surplus and Other Funds” section of the NAIC statement blank used to prepare MONY’s balance sheet in the most recent statutory financial statement filed with the Department or, if the line number is changed pursuant to relevant guidance from the NAIC, the successor line number to line 24.01, as determined in accordance with the Closing Statement Methodologies.

Asset Valuation Reserve means the total of the values set forth as ‘Asset valuation reserve’ in the audited statutory statements as of June 30, 2004 of each of Safeco Life Insurance Company, American States Life Insurance Company, Safeco National Life Insurance Company and First Safeco National Life Insurance Company of New York.

Asset Valuation Reserve means, for MONY Life, on any date of determination thereof, the asset valuation reserve (as determined in accordance with SAP) as at the last day of the fiscal quarter of the Borrower ending on or most recently ended prior to such date.

Examples of Asset Valuation Reserve in a sentence

• Analysis of risks regarding asset default may include an appropriate allocation of assets supporting the Asset Valuation Reserve (AVR); these AVR assets may not be applied for any other risks with respect to reserve adequacy.

• If the appointed actuary must disclose reliance upon any portion of the assets supporting the Asset Valuation Reserve (AVR), Interest Maintenance Reserve (IMR), or other mandatory or voluntary statement of reserves for asset adequacy analysis.

• Total surplus, which includes the Asset Valuation Reserve (AVR), is one of the key indicators of the company’s long-term financial strength and stability, and is presented on a consolidated basis of the company.

• If the appointed actuary must disclose reliance upon any portion of the assets supporting the Asset Valuation Reserve (AVR), Interest Maintenance Reserve (IMR) or other mandatory or voluntary statement of reserves for asset adequacy analysis.

• For reporting entities that maintain an Asset Valuation Reserve (AVR), loan-backed and structured securities, excluding residual tranches or interests, shall be reported at amortized cost, except for those with an NAIC designation of 6, which shall be reported at the lower of amortized cost or fair value.

More Definitions of Asset Valuation Reserve

Asset Valuation Reserve means the consolidated asset valuation reserves of the Guarantor and the Primary Insurance Subsidiaries as computed in accordance with the asset valuation procedures of the National Association of Insurance Commissioners.

Asset Valuation Reserve has the meaning set forth in Annex A hereto.

Asset Valuation Reserve means, as of any date of determination, the asset valuation reserve of the Company (as would be reflected in line 24.1, column 1 in the “Liabilities, Surplus and Other Funds” section of the Company’s balance sheet in the most recent annual statutory financial statement filed with the Department) as of such date or, if the line number is changed in such annual statutory financial statements, on the line that supersedes line 24.1 and reflects asset valuation reserve as of such date, in each case, calculated in accordance with SAP applied consistently with its application in connection with the preparation of the Quarterly Statutory Statement, subject to the Agreed Accounting Principles.

Asset Valuation Reserve means, with respect to any Insurance Subsidiary at any time, the aggregate amount of the asset valuation reserve of such Insurance Subsidiary, computed in accordance with SAP and as set forth in the Annual Statement or the Quarterly Statement of such Insurance Subsidiary most recently delivered prior to such time to the Administrative Agent and the Lenders pursuant to Section 5.04(c) or Section 5.04(d), as the case may be.

Asset Valuation Reserve means, as of any date of determination, the asset valuation reserve as reported on line 24.01 in the most recent statutory financial statements filed by Cedent with the Cedent Domicile (or, if the line number is changed, the successor line number to such line number).

Asset Valuation Reserve means the Asset Valuation Reserve of KIC as of the Effective Time (determined without giving effect to the Merger, the Seller Capital Contribution or the Closing and other transactions related thereto), calculated in the same manner KIC calculates the “asset valuation reserve” amount set forth on page 3, line 24.1, column 1 of the most recent Statutory Statement, determined in accordance with SAP.

Asset Valuation Reserve means line 24.1, column 1 in the "Liabilities, Surplus and Other Funds" section of the balance sheet in the applicable statutory financial statements of the Insurance Subsidiaries, or, if the line number is changed in such statutory financial statements, on the line that supersedes line 24.1 and reflects Asset Valuation Reserve.