SAP Statement definition

SAP Statement means an Annual Statement or a Quarterly Statement.
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SAP Statement shall have the meaning provided in Section 4.6 hereof.
Sample 1

Examples of SAP Statement in a sentence

  • The purpose of including SAK Statement of Financial Position is to provide comparable figure for the accounts of SAP Statement of Financial Position, especially for assets, making it easier for analysts to perform their analysis.

  • To the Company's knowledge, each Company Subsidiary SAP Statement (including the notes related thereto) referred to in Section 5.6(b)(iii) hereof was prepared (or, in the case of similar SAP Statements filed after the date of this Agreement, will be prepared) in accordance with the statutory accounting practices required by the insurance Governmental Entity in the jurisdiction in which such statement was (or will be) filed.

  • Except as disclosed in Section 2.26(d) of the Company Disclosure Schedule, the Company Subsidiaries are entitled under applicable Law to take full credit on the applicable Company SAP Statement with respect to any Company Reinsurance Agreement pursuant to which such subsidiary has ceded reinsurance.

  • Each SAP Statement was timely filed and complied in all material respects with all applicable Laws when filed with the applicable insurance regulatory authority, and any deficiencies known to the Company with respect to any such SAP Statement have been cured or corrected to the satisfaction of such insurance regulatory authority.

  • To the Knowledge of Nationwide, each Nationwide SAP Statement (including the notes related thereto) referred to in Section 5.4(c) hereof was prepared (or, in the case of similar SAP Statements filed after the date of this Agreement, will be prepared) in accordance with the statutory accounting practices required by the insurance Governmental Entity in the jurisdiction in which such statement was (or will be) filed.

  • Each Company Insurer Subsidiary was entitled to take credit in its most recent Company SAP Statement for that portion of its ceded liabilities under each such reinsurance or coinsurance treaty as to which credit was taken in such Company SAP Statement.

  • Each Allied SAP Statement complied (and, as to SAP Statements filed after the date of this Agreement, will comply) in all material respects with all applicable Laws when so filed, and all material deficiencies with respect to any such Allied SAP Statement, of which Allied has Knowledge, have been cured or corrected.

  • With respect to any period for which any contribution or other payment to or in respect of any Benefit Plan is not yet due or owing, Savers has made due and sufficient current accruals for such contributions and other payments in accordance with GAAP and SAP, and such current accruals through the Closing will be duly and fully provided for in the SAP Statement of Savers for the period then ended.

  • Each Company Subsidiary SAP Statement complied (and, as to SAP Statements filed after the date of this Agreement, will comply) in all material respects with all Applicable Laws when so filed, and all material deficiencies with respect to any such Company Subsidiary SAP Statement have been cured or corrected.

  • Except as disclosed in SECTION 3.8 OF THE DISCLOSURE SCHEDULE, each such SAP Statement complied in all material respects with all applicable Laws when so filed, and all material deficiencies with respect to any such SAP Statement have been cured or corrected.

Related to SAP Statement

  • Annual Statement means the annual statutory financial statement of any Insurance Subsidiary required to be filed with the insurance commissioner (or similar authority) of its jurisdiction of incorporation, which statement shall be in the form required by such Insurance Subsidiary’s jurisdiction of incorporation or, if no specific form is so required, in the form of financial statements permitted by such insurance commissioner (or such similar authority) to be used for filing annual statutory financial statements and shall contain the type of information permitted by such insurance commissioner (or such similar authority) to be disclosed therein, together with all exhibits or schedules filed therewith.

  • Statutory Statement means a statement of the condition and affairs of an Insurance Subsidiary, prepared in accordance with accounting procedures and practices prescribed or permitted by an applicable insurance regulatory authority or the NAIC, as modified in accordance with permitted practices approved by an applicable insurance regulatory authority, and filed with an applicable insurance regulatory authority or the NAIC.

  • Quarterly Statement means the quarterly statutory financial statement of any Insurance Subsidiary required to be filed with the insurance commissioner (or similar authority) of its jurisdiction of incorporation or, if no specific form is so required, in the form of financial statements permitted by such insurance commissioner (or such similar authority) to be used for filing quarterly statutory financial statements and shall contain the type of financial information permitted by such insurance commissioner (or such similar authority) to be disclosed therein, together with all exhibits or schedules filed therewith.

  • Pre-Contractual Statement means a draft agreement, undertaking, representation, warranty, promise, assurance or arrangement of any nature whatsoever, whether or not in writing, relating to this Agreement made or given by a Party to this Agreement or any other person at any time prior to the date of this Agreement.

  • Audited financial statement means a financial statement audited by an outside accounting firm.

  • Year-End Financial Statements has the meaning set forth in Section 3.06.

  • Statutory Statements has the meaning set forth in Section 3.6(a).

  • Annual Financial Statement is defined in Section 10.1(a).

  • Interim Statements means the quarterly financial statement of any insurance company as required to be filed with the Department, together with all exhibits or schedules filed therewith, prepared in conformity with SAP. References to amounts on particular exhibits, schedules, lines, pages and columns of such interim statements are based on the formats promulgated by the NAIC for 2012 interim statements for the applicable type of insurance company. If such format is changed in future years so that different information is contained in such terms or they no longer exist, it is understood that the reference is to information consistent with that recorded in the referenced item in the 2012 interim statement of the insurance company.

  • Statutory Financial Statements means, with respect to any Party, the annual and quarterly statutory financial statements of such Party filed with the Governmental Body charged with supervision of insurance companies in the jurisdiction of domicile of such Party to the extent such Party is required by Applicable Law to prepare and file such financial statements.

  • audited when used in regard to financial statements shall mean an examination of the financial statements by a firm of independent certified public accountants in accordance with generally accepted auditing standards for the purpose of expressing an opinion thereon.

  • Buyer Financial Statements shall have the meaning set forth in Section 4.6.

  • Parent Financial Statements has the meaning set forth in Section 4.6(a).

  • NAIC Annual Statement is defined in Section 6.2(a).

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

  • Financial Statement Date means December 31, 1999.

  • Current Financial Statements has the meaning given to such term in Section 5.9.

  • Target Financial Statements has the meaning set forth in Section 3.4.

  • Interim Financial Statements has the meaning set forth in Section 3.06.

  • Quarterly Financial Statements is defined in Section 6.2(a).

  • Explanatory Statement means the explanatory statement which forms part of the Notice;

  • Unaudited Financial Statements has the meaning set forth in Section 3.4(a).

  • Financial Statement has the meaning set forth in Section 4(g) below.

  • Audited financial report means and includes those items specified in Section 5 of this regulation.

  • Company Interim Financial Statements has the meaning specified in Section 4.08(a).

  • Monthly Financial Statements is defined in Section 6.2(c).