Total Capital

Total Capital. Means, at any time, the sum of (a) the stockholders' equity of Ambac Financial and its Subsidiaries (other than Aleutian and Juneau), on a Consolidated basis (excluding (i) unrealized gains on investments and unrealized losses on investments and (ii) net mark-to-market (losses) gains on credit derivative contracts (determined on an after-tax basis), provided that in the case of this clause (ii) the Impairment Value with respect to such losses shall not be excluded), computed as of the end of... the most recently completed fiscal quarter of Ambac View More

Total Capital. The sum of retained earnings, stockholders' equity (including preferred stock and QUIPs), all determined with respect to the Company and its Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, and Funded Debt.