Common use of Statutory Surplus of ACIC Clause in Contracts

Statutory Surplus of ACIC. The Borrower shall not permit ACIC's Capital and Surplus at any time to be less than the sum of $25,000,000 plus 25% of ACIC's cumulative positive Statutory Net Income arising after September 30, 2001.

Statutory Surplus of ACIC. The Borrower shall not permit ACIC's Capital and Surplus at any time to be less than the sum of $25,000,000 18,000,000 plus 25% of ACIC's cumulative positive Statutory Net Income arising after September 30March 31, 20012002.

Statutory Surplus of ACIC. The Borrower shall not permit ACIC's Capital and Surplus at any time to be less than the sum of $25,000,000 40,000,000 plus 25% of ACIC's cumulative positive Statutory Net Income arising after September 30December 31, 20011999.

Statutory Surplus of ACIC. The Borrower shall not permit ACIC's Capital and Surplus at any time to be less than the sum of $25,000,000 29,000,000 plus 25% of ACIC's cumulative positive Statutory Net Income arising after September 30March 31, 2001.