Common use of Deposit of Assets Clause in Contracts

Deposit of Assets. Subject to the Restricted Asset Exceptions to the extent permitted under the Trust Agreement, prior to depositing assets in the Trust Account, the Reinsurer will execute assignments or endorsements in blank, or transfer legal title to the Trustee of all shares, obligations or any other assets requiring assignments, in order that the Ceding Company, or the Trustee upon the direction of the Ceding Company, may whenever necessary negotiate any such assets without the consent or signature from the Reinsurer or any other entity.

Appears in 4 contracts

Samples: Coinsurance and Modified Coinsurance Agreement (Equitable Holdings, Inc.), Coinsurance and Modified Coinsurance Agreement (Guardian Separate Account D), Coinsurance and Modified Coinsurance Agreement (Equitable Financial Life Insurance Co)

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Deposit of Assets. Subject to the Restricted Asset Exceptions to the extent permitted under Except as otherwise set forth in the Trust Agreement, prior to depositing assets in the Trust Account, the Reinsurer or the Ceding Company, as applicable, will execute assignments or endorsements in blank, or transfer legal title to the Trustee of all shares, obligations or any other assets requiring assignments, in order that the Ceding Company, or the Trustee upon the direction of the Ceding Company, may whenever necessary negotiate any such these assets without the consent or signature from the Reinsurer or any other entity.

Appears in 4 contracts

Samples: Reinsurance Agreement (Prudential Discovery Select Group Variable Contract Account), Reinsurance Agreement (Prudential Discovery Premier Group Variable Contract Account), Reinsurance Agreement (Prudential Discovery Select Group Variable Contract Account)

Deposit of Assets. Subject to the Restricted Asset Exceptions to the extent permitted under the Trust Agreement, prior Prior to depositing assets in the Trust Account, the Reinsurer will execute assignments or endorsements in blank, or transfer legal title to the Trustee of all shares, obligations or any other assets requiring assignments, in order that the Ceding Company, or the Trustee upon the direction of the Ceding Company, may whenever necessary negotiate any such these assets without the consent or signature from the Reinsurer or any other entity.

Appears in 3 contracts

Samples: Master Transaction Agreement (Assurant Inc), Master Transaction Agreement (Cna Financial Corp), Coinsurance Agreement (Everlake Life Insurance Co)

Deposit of Assets. Subject to the Restricted Asset Exceptions to the extent permitted under Except as otherwise set forth in the Trust Agreement, prior to depositing assets in the Trust Account, the Reinsurer will execute assignments or endorsements in blank, or transfer legal title to the Trustee of all shares, obligations or any other assets requiring assignments, in order that the Ceding Company, or the Trustee upon the direction of the Ceding Company, may whenever necessary negotiate any such assets without the consent or signature from the Reinsurer or any other entity.

Appears in 2 contracts

Samples: Coinsurance and Modified Coinsurance Agreement (John Hancock Life Insurance Co (Usa) Separate Account H), Coinsurance and Modified Coinsurance Agreement (John Hancock Life Insurance Co of New York Separate Account A)

Deposit of Assets. Subject to the Restricted Asset Exceptions to the extent permitted under terms of the Trust Agreement, prior to depositing assets in the Trust Account, the Reinsurer will execute assignments or endorsements in blank, or transfer legal title to the Trustee of all shares, obligations or any other assets requiring assignments, in order that the Ceding Company, or the Trustee upon the direction of the Ceding Company, may whenever necessary negotiate any such assets without the consent or signature from the Reinsurer or any other entity.

Appears in 2 contracts

Samples: Coinsurance and Modified Coinsurance Agreement (Equitable Holdings, Inc.), Coinsurance and Modified Coinsurance Agreement (Equitable Financial Life Insurance Co)

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Deposit of Assets. Subject to the Restricted Asset Exceptions to the extent permitted under the Trust Agreement, prior Prior to depositing assets in the Trust Account, the Reinsurer will shall execute assignments or endorsements in blank, or transfer legal title to the Trustee of all shares, obligations or any other assets requiring assignments, in order that the Ceding Company, or the Trustee upon the direction of the Ceding Company, may whenever necessary negotiate any such these assets without the consent or signature from the Reinsurer or any other entity.

Appears in 1 contract

Samples: Reinsurance Agreement (Farmers Annuity Separate Account A)

Deposit of Assets. Subject to the Restricted Asset Exceptions to the extent permitted under the Trust Agreement, prior Prior to depositing assets in the Trust Account, the Reinsurer will execute assignments or endorsements in blank, or transfer legal title to the Trustee of all shares, obligations or any other assets requiring assignments, in order that the Ceding Company, or the Trustee upon the direction of the Ceding Company, may whenever necessary negotiate any such assets without the consent or signature from the Reinsurer or any other entity.

Appears in 1 contract

Samples: Coinsurance and Modified Coinsurance Agreement (Minnesota Life Variable Life Account)

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