Total Available Capital definition

Total Available Capital means total available capital as calculated under the MCCSR.
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Total Available Capital. (TAC) means the total available capital held by an insurer, valued and determined in accordance with rules 9 to 13, available to cover RCR and MCR;
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Examples of Total Available Capital in a sentence

  • In the high end car all features are enabled and the input Current Speed has a greater range compared to that of the low end car.

  • OSFI establishes both a minimum regulatory and target supervisory ratio for each of Tier 1 and Total Available Capital per the table below.

  • The following approved Capital Budget Projects allocate funds for the completion of the City’s municipal servicing master plan study: DT-7033-09 Storm Drainage / SWM Master Plan $257,500 DT-7030-09 Jane/Rutherford Focus Area Strategy $ 98,000 Total Available Capital Funding: $355,500 The approved budget amount estimates committed to the Master Plan Study falls short.

  • Where an insurer elects to include a regulatory event call in a Tier 2 capital instrument, this event must be “the date specified in a letter from the AMF to the insurer on which the instrument will no longer be recognized in full as eligible Tier 2 Capital of the insurer or included as risk-based Total Available Capital on a consolidated basis”.

  • RBC ratio is computed by dividing the Company’s Total Available Capital (TAC) by the RBC requirement.

  • Under the RBC2 Framework, the RBC Ratio of an insurance company shall be equal to the Total Available Capital (TAC) divided by the RBC requirement.

  • Total Available Capital comprises Tier 1 and Tier 2 capital, which are defined in sections 2.1 and 2.2 below.

  • The Bank regularly reviews the concentration risks by geographical locations, industry sector and individual counterparty credit concentration within its corporate lending, retail lending and bond portfolios.3 Capital Resources3.1 Total Available Capital As at 31 December 2009 and throughout the year, the Bank has complied with the capital requirements that were in force as set out by the FSA.

  • Available Capital is distinguished as Tier 1 (highest quality) and Total Available Capital.

  • The RBC ratio is calculated as Total Available Capital (TAC) divided by the RBC requirement.

Related to Total Available Capital

  • Total Available Amount With respect to any Distribution Date, the sum of the Available Interest and the Available Principal for such Distribution Date and the amount of all cash or other immediately available funds on deposit in the Reserve Account immediately prior to such Distribution Date.

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).

  • Net Available Cash from an Asset Disposition means cash payments received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and net proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring person of Indebtedness or other obligations relating to the properties or assets that are the subject of such Asset Disposition or received in any other non-cash form) therefrom, in each case net of:

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Consolidated Capital means the sum (without duplication) of (i) Consolidated Debt of the Borrower (without giving effect to the proviso in the definition of Consolidated Debt) and (ii) consolidated equity of all classes (whether common, preferred, mandatorily convertible preferred or preference) of the Borrower.

  • Consolidated Total Capital means, as of any date of determination, the sum of (i) Consolidated Indebtedness and (ii) Consolidated Net Worth at such time.

  • Total Capital means Retained Earnings, the amount paid-in for Capital Stock, the amount of any general allowance for losses, and the amount of other instruments that the FHFA has determined to be available to absorb losses incurred by the Bank.

  • Total adjusted capital means the sum of:

  • Total Consolidated Capitalization means, at any time, the sum of (i) Total Consolidated Debt plus (ii) the total amount of shareholder’s equity of the Company.

  • Maximum Available Amount means, at any time, the least of:

  • Consolidated Cash Flow Available for Fixed Charges means, with respect to any Person for any period:

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Consolidated Income Available for Debt Service for any period means Earnings from Operations of the Company and its Subsidiaries plus amounts which have been deducted, and minus amounts which have been added, for the following (without duplication): (i) interest on Debt of the Company and its Subsidiaries, (ii) provision for taxes of the Company and its Subsidiaries based on income, (iii) amortization of debt discount and deferred financing costs, (iv) provisions for gains and losses on properties and property depreciation and amortization, (v) the effect of any noncash charge resulting from a change in accounting principles in determining Earnings from Operations for such period and (vi) amortization of deferred charges.

  • Maximum Available Minutes is the sum of all Deployment Minutes across all Relays deployed by Customer in a given Azure subscription during a billing month.

  • Consolidated Cash Balance means, at any time, the aggregate amount of cash, cash equivalents, marketable securities, treasury bonds and bills, certificates of deposit, investments in money market funds and commercial paper, in each case, held or owned by (whether directly or indirectly), credited to the account of, or otherwise reflected as an asset on the balance sheet of, the Parent MLP and its Consolidated Subsidiaries.

  • Net Available Proceeds means, with respect to any Asset Sale, the proceeds thereof in the form of cash or Cash Equivalents, net of

  • Consolidated Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Consolidated Capital Expenditures means, with reference to any period, the Capital Expenditures of the Borrower and its Subsidiaries calculated on a consolidated basis for such period.

  • Quarterly Excess Available Funds Percentage means, with respect to the July 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Available Commitment means a Lender’s Commitment minus:

  • Available Equity Amount means a cumulative amount equal to (without duplication):

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • Consolidated Income Available for Fixed Charges means, with respect to any period, Consolidated Net Income for such period plus all amounts deducted in the computation thereof on account of (a) Fixed Charges, and (b) taxes imposed on or measured by income or excess profits of the Company and the Restricted Subsidiaries.

  • Consolidated Total Capitalization means at any time the sum of Consolidated Indebtedness and Consolidated Net Worth, each calculated at such time.