Preliminary Surplus definition

Preliminary Surplus means any excess of the Estimated Working Capital Value over the Working Capital Target.

Preliminary Surplus means either a Preliminary Group (Ex NY and Mass) Working Capital Surplus, a Preliminary SWH Cash Surplus, a Preliminary SWH Equity Surplus or a Preliminary SWHNY Equity Surplus.

Preliminary Surplus have the respective meanings specified in Section 2.4(a).

Examples of Preliminary Surplus in a sentence

• Required Information and Timeline - The Preliminary Surplus Energy Sales Calculation Summary Report is to be submitted to DWR by the Monthly Settlement Date of the delivery month.

• The Surplus Energy Sales Payment Report is to be submitted to DWR monthly on the day SDG&E remits to DWR the Preliminary Surplus Energy Sales Remittance Amount and the Delivery Month Surplus Energy Sales True-Up Amount.

• The liability of Reinsurer shall begin and terminate simultaneously with that of the Ceding Company provided that, in the case of a facultative submission, Reinsurer has notified the Ceding Company of its acceptance of the risk and the Ceding Company has mailed a Preliminary Surplus Advice in accordance with Paragraph 3 of Article II Mode of Notification and Cession.

• Example: SDG&E – Preliminary SS Calculation Summary 200507 v1.xls·The subject line of e-mail: <utility name> - Preliminary Surplus Energy Sales Calculation Summary Report for yyyymm Section 1.Example: SDG&E - Preliminary Surplus Energy Sales Calculation Summary Report for 200507 Modifications to a submitted report should be accomplished by resending all the data including the necessary modifications and renaming the report with the subsequent version number.

• If any policy change increases the Net Amount at Risk or other benefits reinsured hereunder by more than 10%, the Ceding Company will notify Reinsurer within two (2) weeks after such change becomes effective by submitting a Preliminary Surplus Advice (Exhibit VII) marked "Amended".

• Any excess of the Target Working Capital over the Preliminary Adjusted Working Capital Amount, is herein referred to as the "Preliminary Deficiency"; and any excess of the Preliminary Adjusted Working Capital Amount over the Target Working Capital is herein referred to as the "Preliminary Surplus".

• For purposes hereof, the term “Closing Balance” shall mean (i) the Estimated Closing Date Indebtedness plus (ii) the Preliminary Deficiency (or minus the Preliminary Surplus).