Policyholders' Surplus. The amount of Surplus that will be shown on the December 31, 1996 Annual Statement shall be equal to or greater than $50,000,000.
Policyholders' Surplus. During the period from July 1, 1994 and the last day of the month prior to the Closing Date for which statements are available (but in no event more than 45 days prior to the Closing Date), the policyholders' surplus of any one of the Companies, or any combination of the Companies in the aggregate, shall not have decreased by $500,000.00 or more from the amount reflected in the June 30, 1994 Quarterly Statutory Statements.
Policyholders' Surplus. On a consolidated statutory basis, ASIC and its Subsidiaries shall maintain Capital Surplus of at least 90% of the Capital Surplus as reported as of March 31, 1996.
Policyholders' Surplus. Policyholders Surplus as computed in accordance with Section 1.1 and 5.13 of the Restated Revolving Credit Agreement is : COVENANT REQUIREMENT - must be > 90% of Capital Surplus as of March 31, 1996.
Policyholders' Surplus. The Surplus shall be equal to or greater than Three Million Five Hundred Thousand Dollars ($3,500,000) as of December 31, 1996.
Policyholders' Surplus. Permit the policyholders' surplus of Meridian Security and its Affiliates to be less than $75,000,000, which minimum amount will increase at each fiscal year end by 25.0% of the combined statutory net income of Meridian Security and its Affiliates.
Policyholders' Surplus. Permit the policyholders' surplus of Meridian Mutual Insurance Company and its Affiliates to be less than $105,000,000, which minimum amount will increase at each fiscal year end beginning December 31, 1997 by 25.0% of the combined statutory net income of Meridian Mutual Insurance Company and its Affiliates.
Policyholders' Surplus. The Surplus shall be equal to or greater than Four Million Dollars ($4,000,000) as of the Closing Date.
Policyholders' Surplus. The Surplus as Regards Policyholders of the Company (shown on the Closing Balance Sheet) shall be not less than $10,000,000.00.
Policyholders' Surplus. In consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto hereby agree, on the terms and subject to the conditions set forth herein, as follows.
