SAP Capital definition

SAP Capital means unrestricted surplus accounts plus asset valuation reserve plus surplus notes, all calculated in accordance with SAP.

Examples of SAP Capital in a sentence

  • Notwithstanding the provisions of this SECTION 5.4, SECTION 5.5 or EXHIBIT B, the Company may: (x) carry Affiliate Investments in an amount of up to $2,250,000 on the Company's Books and Records for purposes of SAP as an "admitted asset", which would otherwise not be deemed an "admitted asset", and (y) include in SAP Capital and Surplus an amount not exceeding $450,000 for actual AVR adjustments made between March 31, 1998 and the Closing Date with respect to an Affiliate Investment.

Related to SAP Capital

  • Equity Capital means capital invested in common or preferred stock, royalty rights, limited partnership interests, limited liability company interests, or any other security or rights that evidence ownership in a private business.

  • Net Capital as used in this rule, shall mean the difference between total assets and total indebtedness, as determined by generally accepted accounting principles, consistently applied, and thereafter adjusted pursuant to paragraph (K)(2) of this rule.

  • Minimum capital or "minimum required capital" means the capital that must be constantly maintained by a stock insurance corporation as required by statute.

  • Invested Capital means the amount calculated by multiplying the total number of Shares purchased by Stockholders by the issue price at the time of such purchase, reduced by the portion of any Distribution that is attributable to Net Sales Proceeds and by any amounts paid by the Company to repurchase Shares pursuant to the Company’s plan for the repurchase of Shares.

  • CET1 Capital means, as of any Balance Sheet Date, the aggregate amount, in the Presentation Currency, of items that constitute common equity tier 1 capital of the Group as of such Balance Sheet Date, less any deductions from common equity tier 1 capital required to be made, in each case as determined by the Group Holding Company pursuant to the BIS Regulations applicable to the Group Holding Company as of such Balance Sheet Date, and as (i) disclosed in the Quarterly Financial Accounts published on the relevant Ordinary Publication Date or (ii) may be disclosed as a component of the Reviewed Interim Measurement published upon the instruction of FINMA on the relevant Extraordinary Publication Date, as applicable. For the avoidance of doubt, the term "common equity tier 1 capital" as used in this definition has the meaning assigned to such term in the BIS Regulations in effect as of the relevant Balance Sheet Date.