Outstanding Collateral Amount definition

Outstanding Collateral Amount means, as of the applicable Collateral Calculation Date, the aggregate fair market value of the Eligible Assets held in the Trust Account with respect to this Policy.
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Outstanding Collateral Amount with respect to a Reinsurer means, as of the applicable Collateral Calculation Date, the aggregate fair market value of the Eligible Assets held in such Reinsurer's Trust Account with respect to this Contract.
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Outstanding Collateral Amount means, as of the applicable Collateral Calculation Date, the aggregate fair market value of the Assets held in the Trust Account.
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Examples of Outstanding Collateral Amount in a sentence

  • The Insurer agrees to maintain the Eligible Assets in the Trust Account such that the Outstanding Collateral Amount shall be equal to or greater than the Security Amount as of each Collateral Calculation Date.

  • If the Security Amount as of any Collateral Calculation Date exceeds the Outstanding Collateral Amount as of such Collateral Calculation Date, then, subject to Section 1(e) of the Trust Agreement, the Insurer shall, within five (5) Business Days following the Insurer becoming aware of such difference, deposit additional Eligible Assets in the Trust Account equal to the amount of such difference.

  • If the Outstanding Collateral Amount as of the date of such cancellation notice is less than the Insured's written statement of the Security Amount, then, subject to Section 1(e) of the Trust Agreement, the Insurer will, within five (5) Business Days following receipt of such notice, top up the Trust Account to an amount equal to the Security Amount.

  • For the avoidance of doubt, upon the occurrence of an Insolvency Event, the Insurer shall not deposit or withdraw any Assets from the Trust Account, regardless of the Outstanding Collateral Amount, until the payment of the Terminal Settlement Amount is received by the respective party, as applicable under the terms of Article VII(C)(11).

  • Each Reinsurer agrees to maintain the Eligible Assets in such Reinsurer's Trust Account such that the Outstanding Collateral Amount with respect to such Reinsurer shall be equal to or greater than the Security Amount with respect to such Reinsurer as of each Collateral Calculation Date.

  • For the avoidance of doubt, upon the occurrence of an Insolvency Event, the Reinsurer shall not deposit or withdraw any Assets from the Trust Account, regardless of the Outstanding Collateral Amount, until the payment of the Terminal Settlement Amount is received by the respective party, as applicable under the terms of Article 8 - SPECIAL TERMINATION, subparagraph E.

  • Each Reinsurer agrees to maintain the Eligible Assets in such Reinsurer’s Trust Account such that the Outstanding Collateral Amount with respect to such Reinsurer shall be equal to or greater than the Security Amount with respect to such Reinsurer as of each Collateral Calculation Date.

  • If the Outstanding Collateral Amount with respect to such Reinsurer as of the date of such termination notice is less than the Company's written statement of the Security Amount with respect to such Reinsurer, then, subject to Section 1(e) of such Reinsurer’s Trust Agreement, such Reinsurer will, within five (5) Business Days following receipt of such notice, top up such Reinsurer’s Trust Account to an amount equal to the Security Amount with respect to such Reinsurer.

  • A great gouge ran along the wall and brickdust and chippings coloured the snow.

  • If the Outstanding Collateral Amount with respect to such Reinsurer as of the date of such termination notice is less than the Company's written statement of the Security Amount with respect to such Reinsurer, then, subject to Section 1(e) of such Reinsurer's Trust Agreement, such Reinsurer will, within five (5) Business Days following receipt of such notice, top up such Reinsurer's Trust Account to an amount equal to the Security Amount with respect to such Reinsurer.