Termination of the Trust Account. (a) The Trust Account and this Agreement, except for the indemnities provided herein, may be terminated only after (i) the Grantor, with the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, has given the Trustee written notice of its intention to terminate the Trust Account (the “Notice of Intention”), and (ii) the Trustee has given the Grantor and the Beneficiary the written notice specified in paragraph (b) of this Section 9. The Notice of Intention shall specify the date on which the notifying Party intends the Trust Account to terminate (the “Proposed Date”).
Appears in 7 contracts
Samples: Coinsurance Trust Agreement, Coinsurance Trust Agreement (Primerica, Inc.), Economic Trust Agreement (Primerica, Inc.)
Termination of the Trust Account. (a) The Trust Account and this Trust Agreement, except for the indemnities provided herein, may be terminated only after (i) the Grantor, with the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, has given Grantor and Beneficiary mutually give the Trustee written notice of its their intention to terminate the Trust Account (the “Notice of Intention”), and (ii) the Trustee has given the Grantor and the Beneficiary the written notice specified in paragraph (b) of this Section 9. The Notice of Intention shall specify the date on which the notifying Party intends Parties intend the Trust Account to terminate (the “Proposed Termination Date”).
Appears in 7 contracts
Samples: Trust Agreement (Ge Life & Annuity Assurance Co), Trust Agreement (Genworth Financial Inc), Trust Agreement (Genworth Financial Inc)
Termination of the Trust Account. (a) The Trust Account and this Agreement, except for the indemnities provided herein, may be terminated only after (i) the Grantor, with Grantor or the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, Beneficiary has given the Trustee written notice of its intention to terminate the Trust Account (the “"Notice of Intention”"), and (ii) the Trustee has given the Grantor and the Beneficiary the written notice specified in paragraph (b) of this Section 910. The Notice of Intention shall specify the date on which the notifying Party intends the Trust Account to terminate (the “"Proposed Date”").
Appears in 5 contracts
Samples: Trust Agreement (Zenith National Insurance Corp), Trust Agreement (Darwin Professional Underwriters Inc), Trust Agreement (Darwin Professional Underwriters Inc)
Termination of the Trust Account. (a) The Trust Account and this Agreement, except for the indemnities provided herein, may be terminated only after (i) the Grantor, with Grantor or the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, Beneficiary has given the Trustee written notice of its intention to terminate the Trust Account (the “Notice of Intention”), and (ii) the Trustee has given the Grantor and the Beneficiary the written notice specified in paragraph (b) of this Section 910. The Notice of Intention shall specify the date on which the notifying Party intends the Trust Account to terminate (the “Proposed Date”).
Appears in 5 contracts
Samples: Trust Agreement (Genworth Financial Inc), Trust Agreement (Genworth Financial Inc), Trust Agreement (Genworth Financial Inc)
Termination of the Trust Account. (a) The Trust Account and this Agreement, except as provided in Section 1(e) hereof and except for the indemnities provided herein, may be terminated only after (i) the Grantor, with Grantor and the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, has Beneficiary have given the Trustee written notice of its their intention to terminate the Trust Account (the “"Notice of Intention”"), and (ii) the Trustee has given the Grantor and the Beneficiary the written notice specified in paragraph (b) of this Section 910. The Notice of Intention shall specify the date on which the notifying Party intends the Trust Account to terminate (the “"Proposed Date”").
Appears in 3 contracts
Samples: Trust Agreement (Platinum Underwriters Holdings LTD), Trust Agreement (Platinum Underwriters Holdings LTD), Trust Agreement (Platinum Underwriters Holdings LTD)
Termination of the Trust Account. (a) The Trust Account and this Agreement, except for the indemnities provided herein, may be terminated only after (i) the Grantor, with Grantor or the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, Beneficiary has given the Trustee written notice of its intention to terminate the Trust Account (the “"Notice of Intention”"), and (ii) the Trustee has given the Grantor and the Beneficiary the written notice specified in paragraph (b) of this Section 910(b). The Notice of Intention shall specify the date on which the notifying Party intends the Trust Account to terminate (the “"Proposed Date”").
Appears in 2 contracts
Samples: Funds Withheld Trust Agreement (Penn Treaty American Corp), Funds Withheld Trust Agreement (Penn Treaty American Corp)
Termination of the Trust Account. (a) The Trust Account and this Agreement, except for the indemnities provided herein, may be terminated only after (i) the Grantor, with Grantor or the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, Beneficiary has given the Trustee written notice of its intention to terminate the Trust Account (the “"Notice of Intention”"), and (ii) the Trustee has given the Grantor and the Beneficiary the written notice specified in paragraph (b) of this Section 910(b). The Notice of Intention shall specify the date on which the notifying Party intends the Trust Account to terminate (the “"Proposed Date”"). The Grantor is prohibited from terminating the Reinsurer Trust Agreement on the basis of the insolvency of the Beneficiary.
Appears in 2 contracts
Samples: Reinsurer Trust Agreement (Penn Treaty American Corp), Reinsurer Trust Agreement (Penn Treaty American Corp)
Termination of the Trust Account. (a) The Trust Account and this Agreement, except for the indemnities provided herein, which shall survive termination, may be terminated only after (i) the Grantor, with the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, Grantor has given the Trustee written notice of its intention to terminate the Trust Account (the “Notice of Intention”), and (ii) the Trustee has given the Grantor and the Beneficiary Beneficiaries the written notice specified in paragraph (b) of this Section 910. The Notice of Intention shall specify the date on which the notifying Party Grantor intends the Trust Account to terminate (the “Proposed Date”).
Appears in 2 contracts
Samples: Stock Purchase Agreement (Allstate Corp), Stock Purchase Agreement (White Mountains Insurance Group LTD)
Termination of the Trust Account. (a) The Trust Account and this Agreement, except for the indemnities provided herein, may be terminated only after (i) the Grantor, with Grantor or the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, Beneficiary has given the Trustee written notice of its intention to terminate the Trust Account (the “Notice of Intention”), and (ii) the Trustee has given the Grantor and the Beneficiary the written notice specified in paragraph (b) of this Section 9. The Notice of Intention shall specify the date on which the notifying Party intends the Trust Account to terminate (the “Proposed Date”).
Appears in 2 contracts
Samples: Trust Agreement (Lincoln Life & Annuity Variable Annuity Account H), Automatic Yrt Agreement (C M Life Variable Life Separate Account I)
Termination of the Trust Account. (a) The Trust Account and this Agreement, except for the indemnities provided herein, may be terminated only after (i) the Grantor, Grantor with the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, has given the Trustee written notice of its intention to terminate the Trust Account (the “Notice of Intention”), and (ii) the Trustee has given the Grantor and the Beneficiary the written notice specified in paragraph (b) of this Section 9. The Notice of Intention shall specify the date on which the notifying Party intends the Trust Account to terminate (the “Proposed Date”).
Appears in 2 contracts
Samples: Trust Agreement (Primerica, Inc.), Trust Agreement (Primerica, Inc.)
Termination of the Trust Account. (a) The Trust Account and this Agreement, except as provided in Section l(e) hereof and except for the indemnities provided herein, may be terminated only after (i) the Grantor, with Grantor and the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, has Beneficiary have given the Trustee written notice of its their intention to terminate the Trust Account (the “"Notice of Intention”"), and (ii) the Trustee has given the Grantor and the Beneficiary the written notice specified in paragraph (b) of this Section 910. The Notice of Intention shall specify the date on which the notifying Party intends the Trust Account to terminate (the “"Proposed Date”").
Appears in 1 contract
Samples: Trust Agreement (Platinum Underwriters Holdings LTD)
Termination of the Trust Account. (a) The Trust Account and this Agreement, except as provided in Section 1(e) hereof and except for the indemnities provided herein, may be terminated only after (i) the Grantor, with Grantor and the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, has Beneficiary have given the Trustee written notice of its their intention to terminate the Trust Account (the “"Notice of Intention”"), and (ii) the Trustee has given the Grantor and the Beneficiary the written notice specified in paragraph (b) of this Section 910. The Notice of Intention shall specify the date on which the notifying Party intends parties intend the Trust Account to terminate (the “"Proposed Date”").
Appears in 1 contract
Samples: Trust Agreement (Platinum Underwriters Holdings LTD)
Termination of the Trust Account. (a) The Trust Account and this Agreement, except for the indemnities indemnity provided herein, may be terminated only after (i) the Grantor, with Grantor or the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, Beneficiary has given the Trustee written notice of its intention to terminate the Trust Account (the “Notice of Intention”), and (ii) the Trustee has given the Grantor and the Beneficiary the written notice specified in paragraph (b) of this Section 910. The Notice of Intention shall specify the date on which the notifying Party intends the Trust Account to terminate (the “Proposed Date”).
Appears in 1 contract
Termination of the Trust Account. (a) The Agreement and Trust Account and this Agreement, except for the indemnities provided herein, may be terminated only after (i) the Grantor, with Grantor and the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, has Beneficiary have jointly given the Trustee written notice of its intention to terminate the Trust Account (the “Notice of Intention”), and (ii) the Trustee has given the Grantor and the Beneficiary the written notice specified in paragraph (b) of this Section 9. The Notice of Intention shall specify the date on which the notifying Party intends the Trust Account to terminate (the “Proposed Date”).
Appears in 1 contract
Termination of the Trust Account. (a) The Trust Account and this Agreement, except for the indemnities provided hereinin this Agreement, may be terminated only after (i) the Grantor, with Grantor or the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, Beneficiary has given the Trustee written notice of its intention to terminate the Trust Account (the “Notice of Intention”), and (ii) the Trustee has given the Grantor and the Beneficiary the written notice specified in paragraph (b) of this Section 910. The Notice of Intention shall specify the date on which the notifying Party intends the Trust Account to terminate (the “Proposed Date”).
Appears in 1 contract
Samples: Trust Agreement (Donegal Group Inc)
Termination of the Trust Account. (a) The Trust Account and this Agreement, except for the indemnities provided herein, which shall survive termination, may be terminated terminated, other than pursuant to an order of a court having jurisdiction, only after (i) the Grantor, with Grantor and the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, has Beneficiary have given the Trustee joint written notice of its their intention to terminate the Trust Account (the “Notice of Intention”), and (ii) the Trustee has given the Grantor and the Beneficiary the written notice specified in paragraph (b) of this Section 910. The Notice of Intention shall specify the date on which the notifying Party intends Grantor and the Beneficiary intend the Trust Account and this Agreement to terminate (the “Proposed Date”).
Appears in 1 contract
Termination of the Trust Account. (a) The Trust Account and this Agreement, except for the indemnities provided herein, may be terminated only after (i) the Grantor, with Grantor or the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, Beneficiary has given the Trustee written notice of its intention to terminate the Trust Account (the “Notice of Intention”), and (ii) the Trustee has given the Grantor and the Beneficiary the written notice specified in paragraph (b) of this Section 910. The Notice of Intention shall specify the date on which the notifying Party Xxxxx intends the Trust Account to terminate (the “Proposed Date”).
Appears in 1 contract
Termination of the Trust Account. (a) The Agreement and Trust Account and this Agreement, except for the indemnities provided herein, may be terminated only after (i) the Grantor, with Grantor or the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, Beneficiary has given the Trustee written notice of its intention to terminate the Trust Account (the “"Notice of Intention”"), and (ii) the Trustee has given the Grantor and the Beneficiary the written notice specified in paragraph (b) of this Section 910. The Notice of Intention shall specify the date on which the notifying Party intends the Trust Account to terminate (the “"Proposed Date”").
Appears in 1 contract
Termination of the Trust Account. (a) The Trust Account and this Agreement, except for the indemnities and obligations provided herein, may be terminated only after (i) the Grantor, with Grantor or the prior written consent of the Beneficiary, which consent shall not be unreasonably withheld, Beneficiary has given the Trustee written notice of its intention to terminate the Trust Account (the “Notice of Intention”), and (ii) the Trustee has given the Grantor and the Beneficiary the written notice specified in paragraph (b) of this Section 911. The Notice of Intention shall specify the date on which the notifying Party intends the Trust Account to terminate (the “Proposed Date”).
Appears in 1 contract
