Common use of Minimum Statutory Surplus Clause in Contracts

Minimum Statutory Surplus. As of September 30, 2009 and the end of each fiscal quarter thereafter, the Borrower shall not permit the Borrower Statutory Surplus to be less than an amount equal to the sum of (i) seventy percent (70%) of $3,915,000,000.00, plus (ii) fifty percent (50%) of Borrower Statutory Net Income on a cumulative basis for the fiscal quarter ended September 30, 2009 and for each succeeding fiscal quarter thereafter.

Minimum Statutory Surplus. As of September 30, 2009 2011 and the end of each fiscal quarter thereafter, the Borrower shall not permit the Borrower Statutory Surplus to be less than an amount equal to the sum of (i) seventy percent (70%) of $3,915,000,000.004,910,958,827.00, plus (ii) fifty percent (50%) of Borrower Statutory Net Income on a cumulative basis for the fiscal quarter ended September 30December 31, 2009 2011 and for each succeeding fiscal quarter thereafter.