Common use of Depositing Assets in Trust Clause in Contracts

Depositing Assets in Trust. Prior to depositing assets with the Trustee, the Reinsurer or, if the Company is depositing assets into the Trust Account on behalf of the Reinsurer, the Company, will execute assignments or endorsements in blank, or transfer legal title to the Trustee of all shares, obligations, or any assets requiring assignments, in order that the Company, or the Trustee upon direction of the Company, may whenever necessary negotiate these assets without the consent or signature from the Reinsurer or any other entity.

Depositing Assets in Trust. Prior to depositing assets with the Trustee, the Reinsurer or, if the Company is depositing assets into the Trust Account on behalf of the Reinsurer, the Company, will execute assignments or endorsements in blank, or transfer legal title to the Trustee of all shares, obligations, or any assets requiring assignments, in order that the Company, or the Trustee upon direction of the Company, may whenever necessary negotiate these assets without the consent or signature from the Reinsurer or any other entity. For the avoidance of doubt, the Reinsurer will not have responsibility with respect to the negotiability of any of the Transferred Assets.

Depositing Assets in Trust. Prior to depositing assets with the Trustee, the Reinsurer orand Seller, if the Company is depositing assets into the Trust Account on behalf of the Reinsurer, the Companyas applicable, will execute assignments or endorsements in blank, or transfer legal title to the Trustee of all shares, obligations, or any assets requiring assignments, in order that the CompanySeller may, or the Trustee upon direction of the CompanySeller shall, may whenever necessary negotiate these assets without the consent or signature from the of Reinsurer or any other entityPerson.

Depositing Assets in Trust. Prior to depositing assets with the Trustee, the Reinsurer orand Company, if the Company is depositing assets into the Trust Account on behalf of the Reinsurer, the Companyas applicable, will execute assignments or endorsements in blank, or transfer legal title to the Trustee of all shares, obligations, or any assets requiring assignments, in order that the CompanyCompany may, or the Trustee upon direction of the CompanyCompany shall, may whenever necessary negotiate these assets without the consent or signature from the of Reinsurer or any other entityPerson.