Solvency Test definition

Solvency Test means the solvency test prescribed by section 56 of the Act and set out in Article 124;

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Solvency Test means a test to determine that—

Solvency Test means the solvency test referred to in section 49 (meaning of “solvency test” and “distribution”) of the Act which the Company satisfies if it is able to pay its debts as they become due in the normal course of the Company’s business and the value of its assets exceeds the value of its liabilities;

Examples of Solvency Test in a sentence

• It is consistent with the principles and calculation methods applied by the Swiss Solvency Test.

• The guarantee fund for undertakings whose head office is domiciled in the territory of the Swiss Confederation is the minimal capital (lowest intervention level) in the Swiss Solvency Test.

• No payment of principal, interest or any other amount in respect of the Perpetual Capital Securities shall become due and payable unless, and to the extent that, the Society is able to make such payment and still be solvent immediately thereafter, in each case except in the winding up or dissolution of the Society (the "Solvency Test").

• The solvency margin for undertakings whose head office is domiciled in the territory of the Swiss Confederation is the Target Capital (Zielkapital), which is defined together with related concepts such as the valuation of assets and liabilities and the Risk Bearing Capital (Risikotragendes Kapital) of the Swiss Solvency Test (SST) in the Versicherungsaufsichtsgesetz** ('Insurance Supervisory Act') and the Aufsichtsverordnung*** ('Insurance Supervisory Ordinance').

• Any payment of interest not due on a scheduled payment date by virtue of the Solvency Test shall not be or become due and payable at any time and shall be cancelled, as further described in Condition 6.3.

More Definitions of Solvency Test

Solvency Test means the solvency test prescribed by section 56 of the Act and set out in Articles;

Solvency Test means an examination to be applied to the financial state of the company, which will be satisfied if:

Solvency Test for the purposes of this Act, means that a company shall satisfy the solvency test where the company is able to pay its debts as they become due in the normal course of business; and the value of the company's assets is greater than the sum of the value of its liabilities; and the company’s stated capital.

Solvency Test means the solvency test in s4 of the Act, as may be modified in accordance with the Act.

Solvency Test means the test specified in Regulation 68;

Solvency Test means a solvent test as specified in section 67;

Solvency Test means that: