Withdrawal of Assets from the Trust Accounts. (a) (i) In the absence of a Recapture Event Notice delivered by the Beneficiary to the Trustee with a concurrent copy to the Grantor, the Beneficiary shall have the right to withdraw Assets from the Main Trust Account in accordance with Section 3(a) for one or more of the purposes, and subject to the limitations, set forth in Section 4.8(a) of the Reinsurance Agreement and the fourth sentence of Section 8.4 of the Reinsurance Agreement upon prior written notice from a Beneficiary Authorized Officer to the Trustee with a copy to the Grantor, substantially in the form attached hereto as Exhibit B applicable in the absence of a Recapture Event (a “Beneficiary Withdrawal Notice”) specifying the Assets to be withdrawn.
Withdrawal of Assets from the Trust Accounts. (a) Subject to Section 4(a), without notice to or the consent of the Grantors, each Beneficiary shall have the right, at any time and from time to time, to withdraw from the applicable Trust Account, upon written notice to the Trustee in substantially the form of EXHIBIT B hereto (a “Withdrawal Notice”), such Assets as are specified in such Withdrawal Notice. The Withdrawal Notice may designate a third party (the “Designee”) to whom Assets specified therein shall be delivered. No Beneficiary needs present any statement or document in addition to a Withdrawal Notice in order to withdraw any Assets.
Withdrawal of Assets from the Trust Accounts. (a) Without notice to or the consent of the Grantor, the Beneficiary shall have the right, at any time and from time to time, to withdraw from the Trust Accounts, upon providing a Beneficiary Withdrawal Notice, such Assets as are specified in such Beneficiary Withdrawal Notice. The Beneficiary need present no statement or document in addition to a Beneficiary Withdrawal Notice in order to withdraw any Assets. The Beneficiary Withdrawal Notice shall be substantially in the form attached as Exhibit A.
