Financial Leverage Ratio. The Financial Leverage Ratio at any time shall be determined as follows, with the result expressed as a percentage: (a) the sum of (i) the principal amount of loans outstanding at American Equity Investment Life Holding Company (the "Holding Company"), and (ii) the principal amount of loans outstanding at American Equity Investment Service Company (the "Service Company"), excluding any such loans that may be included in (a)(i) herein; divided by (b) the sum of (i) the Company's Total Capital and Surplus, (ii) the Company's Asset Valuation Reserve, and (iii) the Company's Interest Maintenance Reserve, where items (i), (ii) and (iii) are the respective amounts as reported on the Company's most recent certified statutory financial statements.
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Samples: Coinsurance and Yearly Renewable Term Reinsurance Agreement (American Equity Investment Life Holding Co), Coinsurance and Yearly Renewable Term Reinsurance Agreement (American Equity Investment Life Holding Co)
Financial Leverage Ratio. The Financial Leverage Ratio at any time shall be determined as follows, with the result expressed as a percentage: :
(a) the sum of (i) the principal amount of loans outstanding at American Equity Investment Life Holding Company (the "Holding Company"), and (ii) the principal amount of loans outstanding at American Equity Investment Service Company (the "Service Company"), excluding any such loans that may be included in (a)(i) herein; divided by DIVIDED BY
(b) the sum of (i) the Company's Total Capital and Surplus, (ii) the Company's Asset Valuation Reserve, and (iii) the Company's Interest Maintenance Reserve, where items (i), (ii) and (iii) are the respective amounts as reported on the Company's most recent certified statutory financial statements.
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Financial Leverage Ratio. The Financial Leverage Ratio at any time shall be determined as follows, with the result expressed as a percentage: :
(a) the sum of (i) the principal amount of loans senior and subordinated indebtedness outstanding at American Equity Investment Life Holding Company (the "Holding Company"), and (ii) the principal amount of loans senior and subordinated indebtedness outstanding at American Equity Investment Service Company (the "Service Company"), excluding any such loans indebtedness that may be included in (a)(i) herein; divided by ;
(b) the sum of (i) the Company's ’s Total Capital and Surplus, (ii) the Company's ’s Asset Valuation Reserve, and (iii) the Company's ’s Interest Maintenance Reserve, where items (i), (ii) and (iii) are the respective amounts as reported on the Company's ’s most recent certified statutory financial statements.
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