Solvency Test. The Account Party fails as a Member to maintain the Member’s capital resources requirement calculated by Lloyd’s in accordance with the General Prudential Sourcebook and the Insurers Prudential Sourcebook and notified to the Account Party by Lloyd’s from time to time.
Solvency Test. Commencing on May 31, 2000, the Company will not permit the sum of the amount of (i) the Liquid Assets owned by the Company, as of the end of each fiscal month of the Company, which are not subject to any Lien and (ii) the Consolidated Cash Flow of the Company during the preceding three fiscal months to amount to zero or less.
Solvency Test. The member’s capital resources of any Corporate Member as calculated by Lloyd’s under GENPRU 2.3.25 are at any time less than the member’s capital resources requirement of such Corporate Member, as calculated by Lloyd’s under GENPRU 2.3.11.
Solvency Test. 68 Section 9.24
Solvency Test. An Applicant fails to satisfy the notional SCR calculated in respect of it by Xxxxx’x under rule 8.4 of the Solvency Capital Requirement - General Provisions part of the Handbook, and such failure continues for 30 Business Days following notification to that Applicant by Xxxxx’x.
Solvency Test. The Account Party in respect of whom a Letter of Credit has been issued fails as a Member to maintain the members’ capital resources requirement calculated by Lloyd’s and notified to it in accordance with the Integrated Prudential Sourcebook and the Lloyd’s Sourcebook which form part of the FSA Handbook.
Solvency Test. From and after the Completion Date, the Corporate Member fails as a Member to maintain its capital resources requirement calculated by Lloyd's and notified to it in accordance with the Handbook and that failure has not been remedied within 7 New York Business Days of such failure;
Solvency Test. A distribution shall be an unlawful distribution if, as a result of the distribution, the LLC would be unable to pay its reasonably foreseeable obligations as they become due.
Solvency Test. A Chaucer Name fails as a Member to maintain the members’ capital resources requirement calculated by Lloyd’s and notified to it in accordance with the General Prudential Sourcebook and INSPRU.
Solvency Test. If the Corporate Member fails as a Member to maintain the members' capital resources requirement calculated by Lloyd's and notified to it in accordance with the Integrated Prudential Sourcebook and the Lloyd's Sourcebook which form part of the FSA Handbook and the Corporate Member fails to implement the procedure requested by Lloyd's to remedy such failure, the Obligors shall, within five Business Days of the earlier of any Obligor becoming aware of such occurrence or such occurrence being notified by the Agent or the Majority Lenders to any Obligor, pay or deliver to the Custodian an amount of Cash or Eligible Securities (valued for this purpose based on the respective Advance Rate applicable thereto) as is necessary to ensure that the Borrowing Base is equal to or greater than the Outstandings.
