Common use of Surplus Debenture Interest and Dividends Clause in Contracts

Surplus Debenture Interest and Dividends. The Company has not received any notice from NAIC, any other Governmental Authority or any other insurance regulatory authority that its Insurance Subsidiaries will not be permitted to pay dividends or Surplus Debenture interest, and has no reason to believe that such notice is forthcoming, in each case except for notices which could not reasonable be expected to have a Material Adverse Effect.

Appears in 5 contracts

Samples: Restatement Agreement (CNO Financial Group, Inc.), Restatement Agreement (CNO Financial Group, Inc.), Restatement Agreement (CNO Financial Group, Inc.)

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Surplus Debenture Interest and Dividends. The Company has not received any notice from NAIC, any other Governmental Authority or any other insurance regulatory authority that its Insurance Subsidiaries will not be permitted to pay dividends or Surplus Debenture interest, and has no reason to believe that such notice is forthcoming, in each case except for notices which could not reasonable be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (CNO Financial Group, Inc.), Credit Agreement (CNO Financial Group, Inc.)

Surplus Debenture Interest and Dividends. The Except as provided in Schedule 5.21, the Company has not received any notice from NAIC, any other Governmental Authority or any other insurance regulatory authority that its Insurance Subsidiaries will not be permitted to pay dividends or Surplus Debenture interestdividends, and has no reason to believe that such notice is forthcoming. As of the Restatement Effective Date, in each case except for notices which could not reasonable be expected to have a Material Adverse Effectno Surplus Debentures of any Insurance Subsidiary of the Company are outstanding.

Appears in 1 contract

Samples: Credit Agreement (NMI Holdings, Inc.)

Surplus Debenture Interest and Dividends. The Company has not received any notice from NAIC, any other Governmental Authority or any other insurance regulatory authority that its Insurance Subsidiaries will not be permitted to pay dividends or Surplus Debenture interest, and has no reason to believe that such notice is forthcoming, in each case except for notices which could not reasonable be expected to have a Material Adverse Effect."

Appears in 1 contract

Samples: Credit Agreement (Conseco Inc)

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Surplus Debenture Interest and Dividends. The Except as provided in Schedule 5.21, the Company has not received any notice from NAIC, any other Governmental Authority or any other insurance regulatory authority that its Insurance Subsidiaries will not be permitted to pay dividends or Surplus Debenture interestdividends, and has no reason to believe that such notice is forthcoming. As of the Closing Date, in each case except for notices which could not reasonable be expected to have a Material Adverse Effectno Surplus Debentures of any Insurance Subsidiary of the Company are outstanding.

Appears in 1 contract

Samples: Credit Agreement (NMI Holdings, Inc.)

Surplus Debenture Interest and Dividends. The Except as provided in Schedule 5.21, the Company has not received any notice from NAIC, any other Governmental Authority or any other insurance regulatory authority that its Insurance Subsidiaries will not be permitted to pay dividends or Surplus Debenture interestdividends, and has no reason to believe that such notice is forthcoming. As of the Closing Date, in each case except for notices which could not reasonable be expected to have a Material Adverse Effectno Surplus Indentures of any Insurance Subsidiary of the Company are outstanding.

Appears in 1 contract

Samples: Guarantee and Security Agreement (NMI Holdings, Inc.)

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