Consolidated Statutory Surplus definition

Consolidated Statutory Surplus means the sum of (i) the amount or amounts set forth on the line for statutory surplus in the Liabilities, Surplus and Other Funds Statement in the applicable Annual Statement or Statements or the applicable Quarterly Statement or Statements most recently delivered to the Administrative Agent and the Lenders pursuant to Section 5.03 or, if such statement shall be modified, the equivalent item on any applicable successor form (which amount or amounts shall be computed in a manner consistent with SAP) with respect to the Insurance Subsidiaries regulated in the United States; and (ii) the equivalent amount or amounts as calculated by the Company on a quarterly basis and provided to the Administrative Agent and the Lenders pursuant to Section 5.03 (which amount or amounts shall be computed in a manner consistent with that used in preparing statutory financial statements in the United States) with respect to the Insurance Subsidiaries not regulated in the United States.
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Consolidated Statutory Surplus means, with respect to the Insurance Subsidiaries of the Borrower at any time, the amount set forth on line 37 on page 3 of the Liabilities, Surplus and Other Funds Statement in the annual Statement or the Quarterly Statement of Hartford Life and Accident Insurance Company most recently delivered to the Administrative Agent and the Lenders pursuant to Section 5.01(i) or, if such statement shall be modified, the equivalent item on any applicable successor form.
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Consolidated Statutory Surplus means, as of any date, with respect to the Insurance Subsidiaries, the aggregate amount (without duplication) of policyholders' surplus (as shown on line 25 in column 1 on page 3 of such Person's most recent SAP Statement) of the Insurance Subsidiaries on a consolidated basis in accordance with SAP, or an amount determined in a consistent manner for any date other than one as of which a SAP Statement is prepared.
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Examples of Consolidated Statutory Surplus in a sentence

  • Permit Consolidated Statutory Surplus at the end of any fiscal quarter to be less than $4,000,000,000.

  • The Borrower will not permit, at any time from and after the Closing Date, the ratio of (i) Consolidated Net Written Premiums to Consolidated Statutory Surplus to be greater than 2.5 to 1.0 or (ii) Consolidated Gross Written Premiums to Consolidated Statutory Surplus to be greater than 5.0 to 1.0 (or, in either case, any lower ratio required under any applicable Requirement of Law).

  • Permit Consolidated Statutory Surplus at the end of any fiscal quarter to be less than $4,100,000,000, or permit Hartford Life Statutory Surplus and Asset Valuation Reserve at the end of any fiscal quarter to be less than $2,000,000,000.

  • The Borrower will cause Consolidated Statutory Surplus to be no less than $200,000,000 at all times from and after the Amendment Effective Date.

  • Permit Consolidated Statutory Surplus at the end of any fiscal quarter to be less than $7,600,000,000, or permit Hartford Life Statutory Surplus and Asset Valuation Reserve at the end of any fiscal quarter to be less than $3,600,000,000.

  • The Applicant will cause the Consolidated Statutory Surplus of the Insurance Subsidiaries to be not less than $450,000,000 at all times from and after the Effective Date.

  • The Borrower will not permit Consolidated Statutory Surplus to be less than $60,000,000 at any time from and after the Closing Date.

  • Each State, tribe, or territory may have any number of permit levels, but the standards for them must be at least as restrictive as these Federal standards.

  • Cause its Insurance Subsidiaries to maintain at the end of each fiscal quarter of the Borrower and its Subsidiaries the sum of (i) Consolidated Statutory Surplus at the end of such fiscal quarter plus (ii) AVR at the end of such fiscal quarter of not less than $1,200,000,000.

  • Permit Consolidated Statutory Surplus at the end of any fiscal quarter to be less than $7,600,000,000.


More Definitions of Consolidated Statutory Surplus

Consolidated Statutory Surplus means, with respect to the Insurance Subsidiaries, the amount or amounts set forth on line 32 of the Liabilities, Surplus and Other Funds Statement in the applicable Annual Statement or Statements or the applicable Quarterly Statement or Statements most recently delivered to the Administrative Agent and the Lenders pursuant to Section 5.03 or, if such statement shall be modified, the equivalent item on any applicable successor form (which amount shall be computed in a manner consistent with that used in preparing the financial statements as of and for the fiscal year ended December 31, 2001, referred to in Section 3.05).
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Consolidated Statutory Surplus means, at any time, the aggregate (without duplication) of the amounts shown on line 25, page 3, column 1 of the Annual Statement of each Insurance Subsidiary, or the aggregate (without duplication) of such amounts determined in a consistent manner for any date other than a date as of which Annual Statements of the Insurance Subsidiaries are prepared.
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Consolidated Statutory Surplus means, as to all Insurance Subsidiaries, as of any date, the sum (without duplication) of the total amounts shown (i) with respect to each Insurance Subsidiary not legally domiciled in the United States, the shareholders’equity of such Insurance Subsidiary as determined in accordance with Generally Accepted Accounting Principles (without regard to the requirements of Statement of Financial Accounting Standards No. 115 issued by the Financial Accounting Standards Board), (ii) with respect to each other Insurance Subsidiary that is a life and accident and health insurance company, on line 38, column 1, page 3 of the Annual Statement of such Insurance Subsidiary, and (iii) with respect to each other Insurance Subsidiary, on line 27, column 1, page 3 of the Annual Statement of such Insurance Subsidiary, excluding in each case under clauses (i), (ii) and (iii) any finance Subsidiary that is a Subsidiary of an Insurance Subsidiary, or the sum of amounts determined in a consistent manner for any date other than one as of which an Annual Statement is prepared.
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Consolidated Statutory Surplus means, with respect to Hartford Fire Insurance Company and its consolidated Subsidiaries at any time and Nutmeg Insurance Company and its consolidated Subsidiaries at any time, the amount set forth on line 25 of the Liabilities, Surplus and Other Funds Statement in the Annual Statement or the Quarterly Statement of Hartford Fire Insurance Company most recently delivered to the Administrative Agent and the Lenders pursuant to Section 5.03 or, if such statement shall be modified, the equivalent item on any applicable successor form.
Sample 1
Consolidated Statutory Surplus means, with respect to GNIC and VICW at any time, the aggregate (without duplication) of the amounts shown on line 25, page 3, column 1 of the Annual Statement of each of GNIC and VICW, or the aggregate (without duplication) of the amounts determined in a consistent manner for any date other than a date as of which an Annual Statement of GNIC and VICW is prepared.
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Related to Consolidated Statutory Surplus

  • Adjusted Operating Surplus means, with respect to any period, (a) Operating Surplus generated with respect to such period less (b) (i) the amount of any net increase in Working Capital Borrowings (or the Partnership’s proportionate share of any net increase in Working Capital Borrowings in the case of Subsidiaries that are not wholly owned) with respect to such period and (ii) the amount of any net decrease in cash reserves (or the Partnership’s proportionate share of any net decrease in cash reserves in the case of Subsidiaries that are not wholly owned) for Operating Expenditures with respect to such period not relating to an Operating Expenditure made with respect to such period, and plus (c) (i) the amount of any net decrease in Working Capital Borrowings (or the Partnership’s proportionate share of any net decrease in Working Capital Borrowings in the case of Subsidiaries that are not wholly owned) with respect to such period, (ii) the amount of any net decrease made in subsequent periods in cash reserves for Operating Expenditures initially established with respect to such period to the extent such decrease results in a reduction in Adjusted Operating Surplus in subsequent periods pursuant to clause (b)(ii) above and (iii) the amount of any net increase in cash reserves (or the Partnership’s proportionate share of any net increase in cash reserves in the case of Subsidiaries that are not wholly owned) for Operating Expenditures with respect to such period required by any debt instrument for the repayment of principal, interest or premium. Adjusted Operating Surplus does not include that portion of Operating Surplus included in clause (a)(i) of the definition of “Operating Surplus.”

  • Consolidated Cash Balance means, at any time, the aggregate amount of cash and cash equivalents, marketable securities, treasury bonds and bills, certificates of deposit, investments in money market funds and commercial paper, in each case, held or owned by, or credited to, the account of the Borrower and its Subsidiaries (including non-wholly owned Subsidiaries and Permitted J/Vs).

  • Consolidated Stockholders’ Equity at any time, means the total stockholders’ equity of the Issuer and its consolidated Subsidiaries, determined on a consolidated basis in accordance with generally accepted accounting principles, as of the end of the most recently completed fiscal quarter of the Issuer for which financial information is then available.

  • Consolidated Assets means all assets which should be listed on the consolidated balance sheet of the Borrower and its Subsidiaries, as determined on a consolidated basis in accordance with GAAP.

  • Consolidated Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Consolidated Equity means and refers to, as of the end of any period of determination, the sum, without duplication, of (i) Consolidated Tangible Net Worth of HDFS, (ii) preferred stock and (iii) Subordinated Indebtedness.

  • Consolidated Depreciation Expense means, for any period, the depreciation expense of Borrower and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Asset Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Assets to (b) the sum of the aggregate amount of Revolving Borrowings and Term Loans then outstanding.

  • Consolidated Operating Cash Flow means, with respect to the Company and its Subsidiaries on a consolidated basis, for any period, an amount equal to Consolidated Net Income for such period increased (without duplication) by the sum of:

  • Consolidated Adjusted Debt means, at any time, the sum of, without duplication, (i) Consolidated Funded Indebtedness and (ii) the product of Consolidated Rents multiplied by 6.0.

  • Consolidated Capitalization means, as of any date on which the amount thereof is to be determined, the sum of Consolidated Indebtedness plus Consolidated Net Worth.

  • Consolidated Cash Taxes means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the aggregate of all taxes, as determined in accordance with GAAP, to the extent the same are paid in cash during such period.

  • Consolidated Rent Expense means, for any period, the rental expense attributable to leases of real property that is deducted in determining Adjusted Consolidated Net Income for such period, determined on a consolidated basis in accordance with GAAP. Consolidated Rent Expense shall be determined on a pro forma basis to give effect to any Material Specified Transaction occurring during such period as if such transactions had occurred on the first day of such period.

  • Consolidated Debt means at any date the Debt of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis as of such date.

  • Consolidated Cash Interest Charges means, for any Measurement Period, all Consolidated Interest Charges paid or payable in cash by Holdings and its Subsidiaries on a consolidated basis.

  • Consolidated Cash Interest Expense means, for any period, Consolidated Interest Expense for such period, excluding any amount not payable in Cash.

  • Consolidated Current Ratio means, as of any date of determination, the ratio of Consolidated Current Assets to Consolidated Current Liabilities as of such date.

  • Consolidated Plan means the plan prepared in accordance with 24 CFR Part 91, which describes needs, resources, priorities and proposed activities to be undertaken with respect to certain HUD programs, including the HOME Program.

  • Operating Surplus means, with respect to any period ending prior to the Liquidation Date, on a cumulative basis and without duplication,

  • Consolidated Capital means the sum of (i) Consolidated Debt of the Borrower and (ii) the consolidated equity of all classes of stock (whether common, preferred, mandatorily convertible preferred or preference) of the Borrower, in each case determined in accordance with GAAP, but including Equity-Preferred Securities issued by the Borrower and its Consolidated Subsidiaries and excluding the funded pension and other postretirement benefit plans, net of tax, components of accumulated other comprehensive income (loss).

  • Consolidated Interest Expense means, with respect to any Person for any period, without duplication, the sum of:

  • consolidated basis means on the basis of the consolidated situation;

  • Consolidated Capitalization Ratio on the last day of any fiscal quarter, the ratio of (a) Consolidated Total Indebtedness to (b) Consolidated Capital.

  • Consolidated Net Interest Expense means, with respect to any Person for any period, (a) gross interest expense of such Person and its Subsidiaries for such period determined on a consolidated basis and in accordance with GAAP (including, without limitation, interest expense paid to Affiliates of such Person), less (b) the sum of (i) interest income for such period and (ii) gains for such period on Hedging Agreements (to the extent not included in interest income above and to the extent not deducted in the calculation of gross interest expense), plus (c) the sum of (i) losses for such period on Hedging Agreements (to the extent not included in gross interest expense) and (ii) the upfront costs or fees for such period associated with Hedging Agreements (to the extent not included in gross interest expense), in each case, determined on a consolidated basis and in accordance with GAAP.

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Cash Flow Available for Fixed Charges means, with respect to any Person for any period: