Closing RBC Ratio means, for TIC or CLIC, its RBC Ratio as of the date of the Closing Date Balance Sheet, taking into account the effect of the transactions contemplated by this Agreement, and, if the Net Price Adjustment is positive, treating TIC as having received as of such date a contribution to capital in an amount equal to the Net Price Adjustment.
Closing RBC Ratio means the RBC Ratio as of the Closing Date, calculated after giving effect to the Recapture, the other transactions contemplated by this Agreement to take place at or prior to the Closing, the consummation of the NER Financing and the effect of
Closing RBC Ratio means the RBC Ratio as of the Closing Date, calculated after giving effect to the Recapture, the other transactions contemplated by this Agreement to take place at or prior to the Closing, the consummation of the NER Financing and the effect of the application of Treasury Regulation § 1.1502-36(d) on the transactions contemplated by this Agreement, but without giving effect to any Specified Capital Charge.
More Definitions of Closing RBC Ratio
Closing RBC Ratio means the RBC Ratio of the Company as of the Closing Date, calculated in accordance with the Accounting Principles after giving effect to the Reinsurance and Restructuring Agreements, the Transaction Agreements, and the other transactions contemplated by this Agreement to take place at or prior to the Closing, including the Pre-Sale Transactions and the ALNY Sale or ALNY Transfer, as applicable, but excluding any reduction to RBC Ratio resulting from any asset adequacy reserves recorded by the Company within the Actuarial Opinion and Memorandum reserve adequacy testing to the extent determined in accordance with the Accounting Principles. For the avoidance of doubt, the Closing RBC Ratio will utilize the minimum allowable C3 testing factors.