Historical Statutory Statements definition

Historical Statutory Statements shall have the meaning given to such term in Section 4.11(b).

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Historical Statutory Statements has the meaning specified in Section 5.11(b).

Historical Statutory Statements has the meaning assigned to such term in Section 3.04(b).

Examples of Historical Statutory Statements in a sentence

• Except for liabilities and obligations disclosed or provided for in the Historical Statutory Statements (including, without limitation, reserves, policy and contract claims and statutory liabilities), no Material Insurance Subsidiary had, as of the date of its respective Historical Statutory Statements, any material Indebtedness or obligations of any nature whatsoever, whether direct or contingent, other than contingent obligations arising under Primary Policies or Reinsurance Agreements.

• The Historical Statutory Statements (including, without limitation, the provisions made therein for investments and the valuation thereof, reserves, policy and contract claims and statutory liabilities) have been prepared in accordance with Statutory Accounting Practices, and were in compliance with applicable Requirements of Law when filed.

More Definitions of Historical Statutory Statements

Historical Statutory Statements as defined in Section 3.1(c).

Historical Statutory Statements is defined in Section 4.5(b).

Historical Statutory Statements has the meaning specified in Section 5.11. “Hybrid Securities” mean any securities consisting of trust preferred securities, deferrable interest subordinated debt, mandatory convertible debt or other hybrid securities that (a) are shown on the consolidated financial statements of the Person as liabilities, (b) that are accorded at least some equity treatment by S&P or ▇▇▇▇▇’▇ at the time of issuance thereof, and (c) by their terms (or by the terms of any security into which they are convertible or for which they are exchangeable) or upon the happening of any event or otherwise, does not mature, are not mandatorily redeemable and are not subject to any mandatory repurchase requirement at any time earlier than the date that is six months after the then Latest Maturity Date. “Increased Amount Date” has the meaning specified in Section 2.15. “Incremental Term Loan Amendment” has the meaning assigned to such term in Section 2.15. “Indebtedness” means, with respect to any Person, without duplication: (a) all indebtedness of such Person for borrowed money or in respect of loans or advances; (b) all indebtedness of such Person evidenced by bonds, debentures, notes (including, without limitation, Hybrid Securities) or other similar instruments; (c) all indebtedness in respect of letters of credit, whether or not drawn, and bankers’ acceptances and letters of guaranty issued for the account or upon the application or request of such Person; (d) all Capitalized Lease Liabilities of such Person; (e) the liabilities (if any) of such Person in respect of Swap Contracts as determined by reference to the Swap Termination Value thereof; (f) all obligations of such Person to pay the deferred purchase price of property or services that are included as liabilities in accordance with GAAP (other than accrued expenses incurred and trade accounts payable in each case in the ordinary course of business) and all obligations secured by a Lien on property owned or being purchased by such Person, but only to the extent of the lesser of the obligations secured or the value of the property to which such Lien is attached (including obligations arising under conditional sales or other title retention agreements); (g) any obligations of a partnership of the kind referred to in clauses (a) through (f) above or clause (h) or (i) below in which such Person is a general partner;

Historical Statutory Statements means the December 31, 2023 Annual Statement of each Insurance Subsidiary that is a Restricted Subsidiary.

Historical Statutory Statements has the meaning specified in Section 7.4(c).