SAP Financial Statements definition

SAP Financial Statements has the meaning set forth in Section 4.6(d).

SAP Financial Statements means the financial statements of the Obligor which have been submitted or are required to be submitted to the Applicable Insurance Regulatory Authority.

SAP Financial Statements shall have the meaning set forth in Section 3.5(b).

Examples of SAP Financial Statements in a sentence

• They thus fail to carry their “heavy” burden to demonstrate circumventing the record rule with their background evidence.

• SAP Financial Statements Insights Maintenance Windows/ Jangka Waktu Pemeliharaan Regular Maintenance Bi-Weekly, Friday 06 a.m. to 09 a.m. Local Time (Europe)/ Windows/ Dua mingguan, Jumat pukul 06.00 - 09.00 Waktu Setempat Jangka Waktu (Eropa) Pemeliharaan Rutin Major Upgrades/ Peningkatan Besar Up to 4 times per year from Saturday 8:00 a.m. to 2:00 p.m. Local Time (Europe)/ Hingga 4 kali per tahun dari Sabtu pukul 08.00 - 14.00 Waktu Setempat (Eropa).

• The balance sheets and income statements included in the Annual SAP Financial Statements have been audited by independent auditors.

• Seller has made available to Buyer true, correct and complete copies of the SAP Financial Statements, including true and complete copies of each audit opinion related thereto.

• To the extent payment of any Taxes that have accrued is not yet due, the amount of such accrued Taxes is properly and fully reflected or otherwise taken into account in the SAP Financial Statements or, in the case of periods since the end of the accounting period covered by the most recent SAP Financial Statements, on the Companies’ or the Subsidiaries’ books and records.

More Definitions of SAP Financial Statements

SAP Financial Statements means the audited annual and unaudited quarterly convention statements filed with the domiciliary state insurance departments of each Insurance Company.

SAP Financial Statements means, for each Insurance Subsidiary, the financial statements which have been submitted or are required to be submitted to the applicable Insurance Commissioner.

SAP Financial Statements means balance sheets and related statements of income and statements of change in capital and surplus and cash flows,

SAP Financial Statements shall have the meaning set forth in Section 16.01(j).

SAP Financial Statements has the meaning set forth in Section 2.7(a).

SAP Financial Statements means the Statutory Annual Financial Statements and the Statutory Quarterly Financial Statements required by Insurance Law Section 307 and Section 308 and N.Y.C.R.R. Sections 83.1 to 83.4. Secured Claim

SAP Financial Statements has the meaning specified in Section 4.5(b). "Seller" has the meaning specified in the Preamble. "Seller 401(k) Plan" has the meaning specified in Section 12.1(c). "Seller Closing Payment Amount" has the meaning specified in Section 2.2(a). "Seller Indemnified Parties" has the meaning specified in Section 9.3. "Seller Welfare Benefit Plans" has the meaning specified in Section 12.1(b). "Senior Lenders" has the meaning specified in Section 8.3(c). "Shares" has the meaning specified in the Recitals. "Subsidiary" means, with respect to any Person, any corporation or entity more than 50% of the outstanding securities or other interests having voting power of which shall be owned or controlled, directly or indirectly, by such Person, by such Person and one or more other Subsidiaries of such Person, or by one or more Subsidiaries of such Person. Except where the context otherwise requires, references herein to "Subsidiaries" are to Subsidiaries of the Companies as set forth in Schedule 4.4(a) which, for purposes of this Agreement, deems Queens Pointe to be a wholly-owned Subsidiary of North Pointe). "Superior Proposal" has the meaning specified in Section 7.2(b)(vii). "Tax Closing Agreement" has the meaning specified in Section 4.24(g). "Tax Returns" means all federal, state, local and foreign tax returns, declarations, statements, reports, schedules, forms and information returns and any amended tax returns relating to Taxes of any Company or any of its Subsidiaries. "Tax Ruling" has the meaning specified in Section 4.24(g). "Taxes" means all taxes, charges, fees, duties, levies or other assessments, including, without limitation, income, gross receipts, net proceeds, premium (including, without limitation, excess and surplus tax), ad valorem, turnover, real and personal property (tangible and intangible), sales, use, franchise, excise, value added, stamp, leasing, lease, user, transfer, fuel, excess profits, occupational, interest equalization, windfall profits, severance and employees' income withholding, unemployment and Social Security taxes, which are imposed by the United States, or any state, local or foreign government or subdivision or agency thereof, including any interest, penalties or additions to tax related thereto. "Universal" has the meaning specified in the Preamble. "Wire Transfer" means a payment in immediately available funds by wire transfer in lawful money of the United States of America to such account or accounts as shall have been desig...