Net Worth Maintenance Agreement definition

Net Worth Maintenance Agreement means net worth maintenance agreements entered into by the Borrower or any of its Subsidiaries with respect to a wholly-owned Insurance Subsidiary which are required either by the Governmental Authority regulating such Insurance Subsidiary or a rating agency providing a rating for such Insurance Subsidiary provided such agreements are in favor of either such Insurance Subsidiary or the Governmental Authority regulating such Insurance Subsidiary or beneficiaries of the policies issued by such Insurance Subsidiary.
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Net Worth Maintenance Agreement means net worth maintenance agreements and similar agreements entered into by any Borrower or any of its respective Subsidiaries with respect to any Wholly-Owned Subsidiary.
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Net Worth Maintenance Agreement means the Amended and Restated Agreement, dated October 10, 2008, between American International Group, Inc. and United Guaranty Residential Insurance Company as amended and supplemented by the Agreement to Terminate Support Agreement, dated July 1, 2013, between American International Group, Inc. and United Guaranty Residential Insurance Company.
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Examples of Net Worth Maintenance Agreement in a sentence

  • In 2012, AHL entered into a Net Worth Maintenance Agreement to provide capital support to the Company such that AHL is obligated to maintain the Company’s capital and surplus in an amount sufficient to maintain the Company’s Total Adjusted Capital to be at least 200% of Company Action Level Risk Based Capital as those terms are defined in the insurance laws of Delaware as of October 1, 2012.

  • The latter two agreements were terminated effective upon the Combination because AGUK’s legacy policies became part of AGE UK’s portfolio upon the Combination and, therefore, are now covered by the excess of loss portion of the new AGM Reinsurance Agreement and the new AGE UK Net Worth Maintenance Agreement, as described above.

  • The NYDFS approved each of the changes described above to the AGM Reinsurance Agreement and AGE UK Net Worth Maintenance Agreement.

  • This Agreement supercedes the Net Worth Maintenance Agreement dated as of May 14, 2004 among MBIA, MBIA UK Holdings and MBIA UK Insurance.

  • MBIA and MBIA UK Insurance desire to amend and restate the Net Worth Maintenance Agreement dated as of May 14, 2004 among MBIA, MBIA UK Holdings and MBIA UK Insurance.


More Definitions of Net Worth Maintenance Agreement

Net Worth Maintenance Agreement means net worth maintenance agreements entered into by RenRe or any of its Subsidiaries with respect to a wholly-owned Insurance Company which are required either by the Governmental Authority regulating such Insurance Company or a rating agency providing a rating for such Insurance Company provided such agreements are in favor of either such Insurance Company or the Governmental Authority regulating such Insurance Company or beneficiaries of the policies issued by such Insurance Company.
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Net Worth Maintenance Agreement means net worth maintenance agreements entered into by the Borrower or any of its Subsidiaries with respect to a
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Related to Net Worth Maintenance Agreement

  • Maintenance agreement means a document recorded in the land records that acts as a property deed restriction, and which provides for long-term maintenance of stormwater management practices.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Rental agreement or "lease agreement" means all agreements, written or oral, and valid rules and

  • Operation and Maintenance or “O&M” shall mean all activities required to operate, maintain, and monitor the effectiveness of the RA as specified in the SOW or any EPA-approved O&M Plan.

  • Construction Service Agreement means either an Interconnection Construction Service Agreement or an Upgrade Construction Service Agreement.

  • Compliance agreement means a written agreement between a person and the Commissioner to achieve compliance with this quarantine.

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Management Agreement means the agreement to be entered into between the Borrower and the Manager providing for the ship management and crewing services of the Vessel, such agreement to be in the form and on the terms and conditions required by the Agent;