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Common use of Statutory Surplus Clause in Contracts

Statutory Surplus. The Borrower will cause the Statutory Surplus of Reinsurance at all times from and after the Execution Date to be not less than $180,000,000.

Appears in 2 contracts

Sources: Credit Agreement (Chartwell Re Corp), Credit Agreement (Chartwell Re Holdings Corp)

Related Clauses

  • STAFF SURPLUS
  • Distributions of Available Cash From Operating Surplus
  • Distributions of Available Cash from Capital Surplus
  • In the Event of Forecasted Surpluses
  • Statutory Savings Clause

Parent Clauses

  • FINANCIAL COVENANTS
  • COVENANTS OF STATE AUTO MUTUAL ------------------------------
  • Certain Financial Covenants
  • NEGATIVE COVENANTS
  • COVENANTS

Sub-Clauses

  • Events of Default
  • Merger; Consolidation
  • Investments
  • Disposition of Assets
  • Restricted Payments
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