Surplus and Related Assets definition

Surplus and Related Assets means those assets segregated outside the Regulatory Closed Block held to meet capital requirements related to the Closed Block Business within Prudential Insurance as well as those assets that represent the difference between assets of the Regulatory Closed Block and the sum of the liabilities of the Regulatory Closed Block and the applicable statutory interest maintenance reserve, as designated by the Corporation.
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Surplus and Related Assets has the meaning set forth in the Indenture.
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Surplus and Related Assets means those assets segregated outside the Closed Block by MONY Life to meet initial capital requirements related to the Closed Block Business within MONY Life as well as those assets that initially represent the difference between the assets of the Closed Block and the sum of liabilities of the Closed Block as designated by MONY Life on or prior to the Closing Date in conformity with the Investment Policy Statement for Surplus and Related Assets attached as Exhibit D.
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Examples of Surplus and Related Assets in a sentence

  • Investments in a single issuer, other than U.S. Government and government-related issuers, are limited to the lesser of (i) 4% of invested assets of the Surplus and Related Assets portfolio or (ii) $40 million, except with respect to Other Assets, for which the limit will be 1.5% for any single issuer.

  • If the Surplus and Related Assets portfolio holdings of derivatives exceeds this limit, MONY Life will cease adding additional derivatives to the Surplus and Related Assets portfolio and attempt to return to this limit, but may hold derivatives in excess of this limit until valuation and opportunities for sale provide good value.

  • A list of each of the assets included in the Surplus and Related Assets shall have been provided to the Insurer immediately prior to the issuance of the Initial Policies and such list shall substantially conform with the description of the Surplus and Related Assets as described in Exhibit D to the Indenture.

  • The Surplus and Related Assets comply with the Investment Policy Statement.

  • Investments in commercial and agricultural mortgages are limited to no more than 20% of invested assets of the Surplus and Related Assets portfolio.

  • This is the most reliable capital adequacy ratio because common equity and retained earnings are the most stable funds for banks in case of any crises or shocks.

  • Securities Lending and Other Activities Dollar rolls, repurchase agreements and securities lending activities are permitted in the Surplus and Related Assets portfolio; provided that the maximum term does not exceed one year and that such activities are only transacted with counterparties whose senior unsecured securities are rated equal to or higher than A 1 from Moody's and A+ from Standard and Poor's.

  • Securities Lending and Other Activities Dollar rolls, repurchase agreements and securities lending activities are permitted in the Surplus and Related Assets portfolio; provided that the maximum term does not exceed one year and that such activities are only transacted with counterparties whose senior unsecured securities are rated equal to or higher than A1 from Xxxxx'x and A+ from Standard and Poor's.

  • Diversification The Surplus and Related Assets may be invested without limit in debt obligations issued or guaranteed by the U.S. Government and U.S. Government-related entities.

  • The remainder of the Surplus and Related Assets portfolio, up to a limit of 15%, may be invested in other assets (which we refer to as Other Assets), a category which includes fixed income investments with minimum ratings of Bl or B+, commercial mortgages with minimum MONY Life internal ratings of 3, agricultural mortgages with MONY Life internal minimum ratings of 3, mezzanine loans and equities.


More Definitions of Surplus and Related Assets

Surplus and Related Assets means those assets segregated outside the Regulatory Closed Block held to meet capital requirements related to the Closed Block Business within
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Related to Surplus and Related Assets

  • Receivables and Related Assets means Receivables and any instruments, documents, chattel paper, obligations, general intangibles and other similar assets, in each case, relating to such Receivables.

  • surplus assets means the assets after payment of the debts and liabilities remaining on a winding-up of the incorporated association and the costs, charges and expenses of the winding-up;

  • Related Assets Any assets held by a Trust the return of which is linked to one or more Underlying Securities and which, if applicable, shall be described in the related Supplement or a schedule thereto.

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.

  • Surplus property means excess personal property not required by any Federal agency as determined by the Administrator of the General Services Administration (GSA).

  • Invested Assets means cash, Cash Equivalents, short term investments, investments held for sale and any other assets which are treated as investments under GAAP.

  • Designated Assets means any property or assets (including Capital Stock of any Subsidiary) of Holdings, the Restricted Parent, the Issuer and their respective Restricted Subsidiaries constituting a business, a line or unit of a business or used in operating a business substantially as an entirety.

  • Surplus Fund means the fund by that name established pursuant to the Second Resolution.

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Surplus funds means, at any given date, the excess of cash and other recognized assets that are expected to be resolved into cash or its equivalent in the natural course of events and with a reasonable certainty, over the liabilities and necessary reserves at the same date.

  • Retained asset account means any mechanism whereby the settlement of proceeds payable under a policy or contract is accomplished by the insurer or an entity acting on behalf of the insurer depositing the proceeds into an account with check or draft writing privileges, where those proceeds are retained by the insurer or its agent, pursuant to a supplementary contract not involving annuity benefits other than death benefits.

  • Divestiture Assets means all of Defendants’ rights, titles, and interests in and to:

  • Investment Related Property means: (i) all “investment property” (as such term is defined in Article 9 of the UCC) and (ii) all of the following (regardless of whether classified as investment property under the UCC): all Pledged Equity Interests, Pledged Debt, the Investment Accounts and certificates of deposit.

  • Retained Assets has the meaning set forth in Section 2.2.

  • Restricted Assets means all licenses, permits, franchises, approvals or other authorizations from any Governmental Authority from time to time granted to or otherwise held by the Company to the extent the same constitute “Excluded Assets” under (and as defined in) the Senior Lien Documents or the Junior Lien Documents or are similarly carved out from the granting clause or the collateral thereunder.

  • Retained Asset Sale Proceeds means that portion of Net Proceeds of a Prepayment Event pursuant to clause (a) of such definition not required to be applied to prepay the Loans pursuant to Section 2.11(c) due to the Disposition/Debt Percentage being less than 100%.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Production Payments and Reserve Sales means the grant or transfer by the Company or any of its Restricted Subsidiaries to any Person of a royalty, overriding royalty, net profits interest, Production Payment, partnership or other interest in Oil and Gas Properties, reserves or the right to receive all or a portion of the production or the proceeds from the sale of production attributable to such properties where the holder of such interest has recourse solely to such production or proceeds of production, subject to the obligation of the grantor or transferor to operate and maintain, or cause the subject interests to be operated and maintained, in a reasonably prudent manner or other customary standard or subject to the obligation of the grantor or transferor to indemnify for environmental, title or other matters customary in the Oil and Gas Business, including any such grants or transfers pursuant to incentive compensation programs on terms that are reasonably customary in the Oil and Gas Business for geologists, geophysicists or other providers of technical services to the Company or any of its Restricted Subsidiaries.

  • Permitted Receivables Related Assets means any other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to Receivables and any collections or proceeds of any of the foregoing.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Separate Business means each of the activities of the Licensee connected

  • Investment Assets means all debentures, notes and other evidences of Indebtedness, stocks, securities (including rights to purchase and securities convertible into or exchangeable for other securities), interests in joint ventures and general and limited partnerships, mortgage loans and other investment or portfolio assets owned of record or beneficially by the Company.

  • Capital Stock Sale Proceeds means the aggregate cash proceeds received by the Company from the issuance or sale (other than to a Subsidiary of the Company or an employee stock ownership plan or trust established by the Company or any such Subsidiary for the benefit of their employees) by the Company of its Capital Stock (other than Disqualified Stock) after the Issue Date, net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).