Minimum Total Adjusted Capital Sample Clauses

Minimum Total Adjusted Capital. Permit the Total Adjusted Capital of each U.S.-domiciled Insurance Company that is a Subsidiary at any time to be less than 175% of the Company Action Level Risk Based Capital for such Insurance Company.
Sample 1Sample 2
Minimum Total Adjusted Capital. (a) The Company will not permit the Total Adjusted Capital of each U.S.-domiciled Insurance Company that is a Significant Subsidiary at any time to be less than 175% of the Company Action Level Risk Based Capital for such Insurance Company. (b) The Company will not permit the Total Adjusted Capital of each U.S.-domiciled Insurance Company that is not a Significant Subsidiary at any time to be less than 100% of the Company Action Level Risk Based Capital for such Insurance Company.
Sample 1
Minimum Total Adjusted Capital. (a) The Company will not permit the Total Adjusted Capital of each of (i) Southwestern Life Insurance Company, (ii) Pioneer American Insurance Company, (iii) Union Bankers Insurance Company, (iv) Constitution Life Insurance Company (v) United Life and Annuity Insurance Company, (vi) Pioneer Security Life Insurance Company, (vii) Security Life and Trust Insurance Company, (viii) Peninsular Life Insurance Company, (ix) Marquette Life Insurance Company, and (x) American-Amicable Life Insurance Company (so long as such Persons are Subsidiaries) at any time to be less than 200% of the Company Action Level Risk Based Capital for such Insurance Company. (b) The Company will not permit the Total Adjusted Capital of each of (i) Occidental Life Insurance Company, and (ii) Pacific Life and Accident Insurance Company at any time to be less than 150% of the Company Action Level Risk Based Capital for such Insurance Company. (c) The Company will not permit the Total Adjusted Capital of each of (i) Professional Insurance Company and (ii) Pennsylvania Life Insurance Company at any time to be less than 70% of the Company Action Level Risk Based Capital for such Insurance Company." (u) Section 8.13 shall be amended to read in its entirety as follows:
Sample 1

Related to Minimum Total Adjusted Capital

  • Minimum Adjusted EBITDA Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • Minimum Cash As determined on the first of every calendar month, the Company shall at all times keep on-hand unencumbered, unrestricted cash in an amount greater than or equal to $1,000,000.

  • Adjusted Quick Ratio A ratio of (i) Quick Assets to (i) Current Liabilities minus the current portion of Deferred Revenue of at least 1.15 to 1.00.

  • Minimum Net Income If as of the last day of any calendar month within a fiscal quarter of the Seller, the Seller’s consolidated Adjusted Tangible Net Worth is less than [***] or the Seller, on a consolidated basis, has cash and Cash Equivalents in an amount that is less than [***], in either case, the Seller’s consolidated Net Income for that fiscal quarter before income taxes for such fiscal quarter shall equal or exceed [***].

  • Minimum Shareholders’ Equity The Borrower will not permit Shareholders’ Equity at the last day of any fiscal quarter of the Borrower to be less than $500,000,000 plus 25% of the net proceeds of the sale of Equity Interests by the Borrower and its Subsidiaries after the Ninth Amendment Effective Date (other than proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

  • Minimum Revenue Borrower and its Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 to 1.0.