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 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(aa) of the Company Disclosure Schedule.

Appears in 2 contracts

Samples: Merger Agreement (Wellpoint Health Networks Inc /De/), Merger Agreement (Anthem Inc)

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Capital or Surplus Maintenance. None of the Subsidiaries of the Company Purchaser 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 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(aa3.1(aa) of the Company Purchaser Disclosure Schedule.

Appears in 2 contracts

Samples: Merger Agreement (Anthem Inc), Merger Agreement (Wellpoint Health Networks Inc /De/)

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