Solvency. The ​ is Solvent on a statutory basis immediately after giving effect to this Agreement. For the purposes of this [Section 16.01(d)], “Solvent” means that: # the aggregate assets of the ​ are greater than the aggregate liabilities of the ​, in each case determined in accordance with ​ SAP; # the ​ does not intend to, and does not believe that it will, incur debts or other liabilities beyond its ability to pay such debts and other liabilities as they come due; and # the ​ is not engaged in a business or transaction, and does not contemplate engaging in a business or transaction, for which the ​’s assets would constitute unreasonably insufficient capital.

Solvency. The [[Organization A:Organization]] is Solvent on a statutory basis immediately after giving effect to this Agreement. For purposes of this [Section 16.03(d)], “Solvent” means that: # the aggregate assets of the [[Organization A:Organization]] are greater than the aggregate liabilities of the [[Organization A:Organization]], in each case, determined in accordance with applicable Bermuda Law; # the [[Organization A:Organization]] does not intend to, and does not believe that it will, incur debts or other liabilities beyond its ability to pay such debts and other liabilities as they come due; and # the [[Organization A:Organization]] is not engaged in a business or transaction, and does not contemplate engaging in a business or transaction, for which the [[Organization A:Organization]]’s assets would constitute unreasonably insufficient capital.