Surplus Note Agreements definition
Examples of Surplus Note Agreements in a sentence
To (i) make any loans to or purchase or redeem any Equity Interests in, (ii) incur contingent liabilities or otherwise provide credit support (including granting a Lien on any of its assets) for the Indebtedness of, or (iii) enter into any net worth maintenance agreements with respect to, any Reciprocal Insurer except as required pursuant to the Surplus Note Agreements, provided that the amount of any such loans made after the date hereof shall not exceed $30,000,000.
To (i) make any loans to or purchase or redeem any Equity Interests in, (ii) incur contingent liabilities or otherwise provide credit support (including granting a Lien on any of its assets) for the Indebtedness of, or (iii) enter into any net worth maintenance agreements with respect to, any Reciprocal Insurer except as required pursuant to the Surplus Note Agreements, provided that the amount of any such loans made after the Closing Date shall not exceed $30,000,000.