Common use of Statutory Capital and Surplus Clause in Contracts

Statutory Capital and Surplus. AMS will at all times cause UWLIC to maintain a Statutory Capital and Surplus of not less than the sum of (a) $140,000,000, plus (b) 50% of the positive Statutory Net Income earned by UWLIC in each Fiscal Quarter ending after September 30, 1999 and on or prior to the date of determination (excluding changes in unrealized gain/loss).

Statutory Capital and Surplus. AMS will at all times cause UWLIC to maintain a Statutory Capital and Surplus of not less than the sum of (a) $140,000,000130,000,000, plus (b) 50% of the positive Statutory Net Income earned by UWLIC in each Fiscal Quarter ending after September 30March 31, 1999 2001 and on or prior to the date of determination (excluding changes in unrealized gain/loss)."

Statutory Capital and Surplus. AMS will at all times cause UWLIC to maintain a Statutory Capital and Surplus of not less than the sum of (a) $140,000,000128,000,000, plus (b) 50% of the positive Statutory Net Income earned by UWLIC in each Fiscal Quarter ending after September 30December 31, 1999 2001 and on or prior to the date of determination (excluding changes in unrealized gain/loss)." 2.14 Article VI of the Credit Agreement is amended by inserting new Sections 6.29 and 6.30 after Section 6.28 as follows:

Statutory Capital and Surplus. AMS will at all times cause UWLIC to maintain a Statutory Capital and Surplus of not less than the sum of (a) $140,000,000128,000,000, plus (b) 50% of the positive Statutory Net Income earned by UWLIC in each Fiscal Quarter ending after September 30December 31, 1999 2001 and on or prior to the date of determination (excluding changes in unrealized gain/loss)." 2.13 Article VI of the Credit Agreement is amended by inserting new Sections 6.29 and 6.30 after Section 6.28 as follows: