RBC Ratio. The Borrower will not permit the RBC Ratio of either HIC or CIC as of the last day of any fiscal quarter of the Borrower to be less than 175%.
RBC Ratio. As of the Commitment Agreement Date, Insurer’s most recent Projected RBC Ratio is at least [***]% and to Insurer’s knowledge no event (including a change to financial market metrics) has occurred between the date of Insurer’s most recent Projected RBC Ratio and the Commitment Agreement Date that would be expected to cause Insurer’s most recent Projected RBC Ratio to fall below [***]%.
RBC Ratio. (a) Simultaneously with the delivery of the Estimated Closing Date Balance Sheet pursuant to Section 3.2, Parent shall deliver to Purchaser an estimate of the Closing RBC Ratio for TIC and for CLIC (the "Estimated RBC Calculation"). If the Estimated RBC Calculation reflects an RBC Deficit for TIC or for CLIC, Parent shall pay to Purchaser the amount of the RBC Deficit reflected in the Estimated RBC Calculation, except that, if the Estimated RBC Calculation reflects an RBC Deficit for one such Acquired Subsidiary and an RBC Excess for the other, the amount of any required payment with respect to an RBC Deficit shall be reduced (but not below zero) by the amount of the RBC Excess (the net payment amount being referred to as the "Estimated Net RBC Deficit"). Any payment required pursuant to this Section 6.18(a) shall be made in the form of a Closing Date Purchase Price reduction pursuant to Section 2.2(i)(F).
RBC Ratio. The RBC Ratio at December 31, 2011 was 491% [ *** ], and such Projected RBC Ratio was determined in accordance with [ *** ]. As of the DTFA Execution Date, to the Insurer's Knowledge there are no circumstances existing or that would reasonably be expected to occur that would reasonably be expected to cause an Insurer MAC.
RBC Ratio. The Borrowers shall cause each Regulated Insurance Company to maintain, as of the end of each Fiscal Quarter, a minimum RBC Ratio of 250.0%.
RBC Ratio. As of the Commitment Agreement Date, Prudential’s most recent Projected RBC Ratio is [***] and, to Prudential’s Knowledge, no event (including a change to financial market metrics) has occurred between the date of Prudential’s most recent Projected RBC Ratio and the Commitment Agreement Date that would be expected to cause Prudential’s Projected RBC Ratio, calculated as of part of its next scheduled forecast, to [***].
RBC Ratio. The ratio, as of the date of determination, of an insurer’s “total adjusted capital” over its “authorized control level” of risk-based capital as such terms are defined and prescribed by requirements promulgated by the National Association of Insurance Commissioners and regulations adopted by the insurance regulatory authorities in the Reinsurer’s and Ceding Company’s state of domicile which are in effect as of the date hereof, calculated as of the end of each calendar quarter, and using reserving methodologies and asset classifications that are in accordance with generally accepted statutory accounting principles and practices required or permitted by the National Association of Insurance Commissioners and the insurance regulatory authorities in the Reinsurer’s state of domicile, consistently applied throughout the specified period and in the immediately prior comparable period. When an RBC Ratio is calculated for any period that is not based on data contained in the annual financial statement of the Reinsurer, “premium” (as defined in the instructions for preparing the RBC Ratio as promulgated by the National Association of Insurance Commissioners) for such year-to-date period will be reasonably estimated and annualized wherever required in such calculation.
RBC Ratio. As of the Commitment Agreement Date, to Prudential’s knowledge no *** has occurred and is continuing that would be expected to cause Prudential’s most recent *** RBC Ratio to ***.
RBC Ratio. As of the Commitment Agreement Date, to such Insurer’s Knowledge, no event (including a change to financial market metrics) has occurred that would reasonably be expected to result in a material adverse change to such Insurer’s risk-based capital levels as most recently filed or reported with state insurance regulators. Commitment Agreement, dated September 13, 2022 CONFIDENTIAL
RBC Ratio. The Required Capital Amount as of the Closing Date shall not be greater than the Specified Capital Amount; provided that, if the Required Capital Amount as of the Closing Date is greater than the Specified Capital Amount, then Seller shall have the option, in its sole discretion, to, and this condition shall be deemed to have been satisfied if Seller exercises its option to, purchase from the Company surplus notes or preferred stock having the terms set forth in the term sheet attached as Exhibit J in an aggregate principal amount or with an aggregate liquidation preference, as applicable, equal to the excess of the Required Capital Amount as of the Closing Date over the Specified Capital Amount; provided further that, notwithstanding the foregoing, this condition shall not be deemed to have been satisfied (notwithstanding whether Seller has exercised its option to purchase surplus notes or preferred stock as contemplated above) if the Required Capital Amount as of the Closing Date is greater than the Maximum Capital Amount.
