Common use of Minimum Total Adjusted Capital Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Reinsurance Group of America Inc), Credit Agreement (Reinsurance Group of America Inc)

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Minimum Total Adjusted Capital. Permit (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.

Appears in 1 contract

Samples: Credit Agreement (Penncorp Financial Group Inc /De/)

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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 (i) 175% of the Company Action Level Risk Based Capital for such Insurance CompanyCompany or (ii) in the case of any Captive Subsidiary, the greater of 75% of the Company Action Level Risk Based Capital or the minimum amount required by the Applicable Insurance Regulatory Authority.

Appears in 1 contract

Samples: Credit Agreement (Reinsurance Group of America Inc)

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