Surplus Debentures definition

Surplus Debentures means, as to any Insurance Subsidiary, debt securities of such Insurance Subsidiary issued to the Company or any other Subsidiary the proceeds of which are permitted to be included, in whole or in part, as Capital and Surplus of such Insurance Subsidiary as approved and permitted by the applicable Department.
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Surplus Debentures as to any Insurance Subsidiary, debt securities of such Insurance Subsidiary the proceeds of which are permitted to be included, in whole or in part, as Capital and Surplus of such Insurance Subsidiary as approved and permitted by the applicable Department.
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Surplus Debentures means, as to any Insurance Subsidiary, debt securities of such Insurance Subsidiary issued to the Corporation or any other Subsidiary the proceeds of which are permitted to be included, in whole or in part, as Capital and Surplus of such Insurance Subsidiary as approved and permitted by the applicable Department.
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Examples of Surplus Debentures in a sentence

  • On the terms and subject to the conditions set forth in this Agreement, at Closing, Seller agrees to sell, transfer and assign the Shares and the Surplus Debentures to Buyer, and Buyer agrees to purchase the Shares and the Surplus Debentures from Seller, free and clear of all Liens (the “Share Purchase”).

  • Seller owns beneficially and of record all of the Shares and Surplus Debentures, free of any Lien or Stock Restriction of any kind or character whatsoever.


More Definitions of Surplus Debentures

Surplus Debentures means the surplus debenture made by Laurel to Seller, dated December 31, 2004, in the principal amount of $5,946,045.13, and the surplus debenture made by Laurel to Seller, dated June 30, 2000, in the principal amount of $25,000,000.
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Surplus Debentures means, as to Nationwide Mutual, debt securities of Nationwide Mutual the proceeds of which are permitted to be included, in whole or in part, as Statutory Surplus as approved and permitted by the insurance department of Nationwide Mutual's state of domicile.
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Surplus Debentures means any subordinated surplus debentures payable by CICA to Borrower issued after the date of this Agreement in connection with an Acquisition Advance in the original principal amount of such Acquisition Advance.
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Surplus Debentures means those three Surplus Debentures effective November 8, 1996, December 31, 1998, and December 31, 1998, in the original aggregate principal amount of $27,000,000.00 issued by SLIC to Borrower, of which $27,000,000 is outstanding on the date hereof.
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Surplus Debentures means the Amended and Restated Contribution Note, dated October 30, 1996, payable by Madison to IFSC in the principal amount of $15,000,000, the Amended and Restated Contribution Note, dated October 30, 1996, payable by Madison to IFSC in the principal amount of $5,000,000 and the Contribution Note, dated October 31, 1996, payable by Madison to IFSC in the principal amount of $5,000,000, all of which have been pledged to the Lender pursuant to Pledge Agreement II.
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Surplus Debentures means the surplus debentures issued by the Company to Seller, consisting of (i) the $13,000,000 original principal amount surplus debenture dated November 8, 1996, (ii) the $8,000,000 original principal amount surplus debenture dated December 31, 1998 and (iii) the $6,000,000 original principal amount surplus debenture dated December 31, 1998.
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Related to Surplus Debentures

  • Other Debentures means all junior subordinated debentures issued by the Guarantor from time to time and sold to trusts to be established by the Guarantor (if any), in each case similar to the Issuer.

  • Debentures has the meaning stated in the first recital of this Indenture.

  • Convertible Debentures means the 10½% Convertible Subordinated Debentures due 2007 of the Company.

  • Convertible Notes has the meaning set forth in the Recitals.

  • New Notes shall have the meaning assigned to such term in Section 32.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Junior Subordinated Debentures means the aggregate principal amount of the Depositor's _____% Junior Subordinated Deferrable Interest Debentures, issued pursuant to the Indenture.

  • 2028 Notes has the meaning specified in the recitals of this Supplemental Indenture.

  • Promissory Notes Security", "Record", "Security Account", "Software", and "Supporting Obligations".

  • Debenture Indenture means the Indenture, dated as of December 1, 1989, between United Parcel Service of America, Inc. and Chemical Bank pursuant to which the 8-3/8% Debentures Due April 1, 2020 were issued, as in effect on the date of this Agreement (without giving effect to any amendment, supplement or other modification thereto, any repayment or covenant defeasance thereunder or any termination thereof), a copy of which is attached as Exhibit F hereto.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • Debenture means debenture stock, mortgages, bonds and any other such securities of the Company whether constituting a charge on the assets of the Company or not.

  • 2024 Notes means the 7.625% unsecured notes due April 15, 2024, issued pursuant to the 2009 Notes Indenture.

  • Conversion Securities has the meaning set forth in Section 4.08(b).