Common use of Capital or Surplus Maintenance Clause in Contracts

Capital or Surplus Maintenance. None of the Subsidiaries of the Company is subject to any requirement to maintain capital or surplus amounts or levels, or is subject to any restriction on the payment of dividends or other distributions on its shares of capital stock, except for any such requirements or restrictions under insurance or other laws or regulations of general application.

Appears in 2 contracts

Samples: Merger Agreement (Unitedhealth Group Inc), Merger Agreement (Pacificare Health Systems Inc /De/)

AutoNDA by SimpleDocs

Capital or Surplus Maintenance. None of the Company's Subsidiaries of the Company is subject to any requirement to maintain capital or surplus amounts or levels, or is subject to any restriction on the payment of dividends or other distributions on its shares of capital stock, except (a) for any such requirements or restrictions under insurance applicable Laws, (b) to maintain the Company's ratings pursuant to applicable guidelines of rating agencies or other laws or regulations (c) as required by the terms of general applicationthe Company's credit facility in place on the date hereof.

Appears in 1 contract

Samples: Merger Agreement (American Medical Security Group Inc)

Capital or Surplus Maintenance. None of the Subsidiaries of the Company is subject to any requirement to maintain capital or surplus amounts or levels, or is subject to any restriction on the payment of dividends or other distributions on its shares of capital stock, except for any such requirements or restrictions under insurance or other laws or regulations of general applicationapplication and any such requirements or restrictions of the BCBSA of general application to licensees of the BCBSA, or except as set forth in Section 3.2(z) of the Company Disclosure Schedule.

Appears in 1 contract

Samples: Merger Agreement (Wellpoint Inc)

Capital or Surplus Maintenance. None of the Group Companies and their Subsidiaries of the Company is subject to any requirement to maintain capital or surplus amounts or levels, or is subject to any restriction on the payment of dividends or other distributions on its shares of capital stockdistributions, except for any such requirements or restrictions under applicable insurance or other laws or regulations Laws of general applicationapplication or rating requirements of A.M. Best or other insurance company rating agency.

Appears in 1 contract

Samples: Stock Purchase Agreement (North Pointe Holdings Corp)

Capital or Surplus Maintenance. None of the Company’s Subsidiaries of the Company is subject to any requirement to maintain capital or surplus amounts or levels, or is subject to any restriction on the payment of dividends or other distributions on its shares of capital stock, except (a) for any such requirements or restrictions under insurance applicable Laws, (b) to maintain the Company's ratings pursuant to applicable guidelines of rating agencies or other laws or regulations (c) as required by the terms of general applicationthe Company's credit facility in place on the date hereof.

Appears in 1 contract

Samples: Merger Agreement

AutoNDA by SimpleDocs

Capital or Surplus Maintenance. None of the Company’s Subsidiaries of the Company is subject to any requirement to maintain capital or surplus amounts or levels, or is subject to any restriction on the payment of dividends or other distributions on its shares of capital stock, except (a) for any such requirements or restrictions under insurance applicable Laws, (b) to maintain the Company’s ratings pursuant to applicable guidelines of rating agencies or other laws or regulations (c) as required by the terms of general applicationthe Company’s credit facility in place on the date hereof.

Appears in 1 contract

Samples: Merger Agreement (Pacificare Health Systems Inc /De/)

Capital or Surplus Maintenance. None of the Company Insurance Subsidiaries of the Company is subject to any requirement imposed by a Governmental Authority to maintain specified capital or surplus amounts or levels, levels or is subject to any restriction on the payment of dividends or other distributions on its shares of capital stock, except for any such requirements or restrictions under insurance or other laws or regulations imposed by applicable Insurance Laws of general application.

Appears in 1 contract

Samples: Merger Agreement (Social Capital Hedosophia Holdings Corp. III)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!