Surplus Shortfall definition
Examples of Surplus Shortfall in a sentence
Length of Scheduled Shift Shift Pattern Workdays Scheduled Workdays Required Surplus Shortfall i 7 hours, 30 min.
Length of Scheduled Shift Shift Pattern Work Days Scheduled Work Days Required Surplus Shortfall 7 hours, 30 min.
The Pledgor agrees that any Surplus Shortfall Notice shall be effective with respect to only one Dividend Payment Date, and that the Collateral Agent shall comply with the other provisions of this Section 6 as applicable with respect to any Dividend Payment Dates that occur after the Dividend Payment Date that is the subject of such Surplus Shortfall Notice, unless the Pledgor delivers a separate Surplus Shortfall Notice to the Collateral Agent with respect to any such subsequent Dividend Payment Date.
In the event that the Connecticut Insurance Department indicates that it will not approve the Extraordinary Dividend in an amount equal to the Specified Pre-Closing Dividend Amount without an increase in HLIC’s surplus by the amount of the Surplus Shortfall, HLIC will issue to Seller on the Closing Date (but before the Closing) the Closing Date Surplus Note in exchange for a cash purchase price, payable by Seller, equal to the principal amount of the Closing Date Surplus Note.
Length of Scheduled Shift Shift Pattern Workdays Scheduled Workdays Required Surplus Shortfall iii 7 hours, 45 min.