Reinsurance Trust Account definition

Reinsurance Trust Account means a trust account established and maintained in accordance with the Reinsurance Trust Agreement.
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Reinsurance Trust Account shall have the meaning specified in Section 15.1.
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Reinsurance Trust Account means that Trust Account required under the Trust Account Creation and Funding Provisions Article.
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Examples of Reinsurance Trust Account in a sentence

  • The Borrower shall not make or permit to be made any investments of assets (other than the Letter of Credit) held in the Surplus Account and Reinsurance Trust Account other than in accordance in all material respects with the Investment Guidelines and in compliance in all material respects with applicable law, including ensuring that the Investment Guidelines comply in all material respects with applicable insurance laws and regulations.

  • The Reinsurance Trust Account shall be established by the Borrower, as grantor, subject to and in accordance with the terms of the Reinsurance Trust Agreement.

  • All assets (other than the Letter of Credit) held in the Surplus Account and the Reinsurance Trust Account shall be invested solely in Eligible Assets (as defined below).

  • Except as provided in Section 3.01(c), all funds and assets received by the Borrower pursuant to any Transaction Document or otherwise (including any distributions related to the grantor interest in the Reinsurance Trust Account) shall be deposited into and held in the Surplus Account subject to disbursement in accordance with the Priority of Payments and, solely with respect to LOC Reimbursement Obligations, the Payment Restrictions.

  • The cost of maintaining the Reinsurance Trust Account shall be borne by the Reinsurer.

  • The Borrower shall at all times maintain (or in the case of the Reinsurance Trust Account, cause to be maintained) (i) the Regulatory Account in accordance with Section 3.01,(ii) the Surplus Account in accordance with Section 3.02 and (iii) the Reinsurance Trust Account in accordance with the Reinsurance Trust Agreement.

  • As promptly as practicable following the date on which payment of the applicable Quarterly Net Settlement Amount is due, the Reinsurer shall prepare and deliver to the Ceding Company a statement (the “Reinsurance Trust Account Statement”) setting forth: (x) the Reinsurance Trust Account Required Balance with respect to such Accounting Period and (y) the Fair Market Value of the assets held in the Reinsurance Trust Account as of the end of such Accounting Period.

  • Assets deposited into the Reinsurance Trust Account shall be valued according to their current Fair Market Value.

  • The Borrower received, on or prior to the Original Closing Date, a capital contribution or contributions with an aggregate Market Value of not less than $[****] in the form of paid-in capital, $[****] of which was deposited into the Surplus Account, $[****] of which was deposited into the Reinsurance Trust Account and $250,000 of which was deposited into the Regulatory Account.

  • The Borrower shall at all times maintain (or in the case of the Reinsurance Trust Account, cause to be maintained) (i) the Regulatory Account in accordance with Section 3.01, (ii) the Surplus Account in accordance with Section 3.02 and (iii) the Reinsurance Trust Account in accordance with the Reinsurance Trust Agreement.


More Definitions of Reinsurance Trust Account

Reinsurance Trust Account has the meaning set forth in Section 5.2(a).
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Reinsurance Trust Account has the meaning set forth in the Reinsurance Trust Agreement.
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Reinsurance Trust Account means the trust account established pursuant to Section 2.1.
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Reinsurance Trust Account shall have the meaning ascribed to it in Section 4.2(a). “Reinsurance Trust Agreement” means the Trust Agreement necessary for Ceding Company to receive full credit for the reinsurance provided hereunder and in the form set forth in Exhibit B. 4 “SHIP” means Senior Health Insurance Company of Pennsylvania. “SHIP ASA” means that certain Administrative Services Agreement by and between Ceding Company and SHIP, dated as of November 12, 2008, as amended. “Supplemental Trust Account” shall have the meaning ascribed to it in Section 4.3(a). “Supplemental Trust Agreement” means the Supplemental Trust Agreement in the form set forth in Exhibit D. “Supplemental Trust Alternative Amount” means: At the Effective Time: $20,618,378 End of Year 1 (~ day 365): $17,843,394 Year 2 (~ day 730): $15,068,410 Year 3: $13,680,918 Year 4: $8,130,951 Year 5: $0
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Reinsurance Trust Account means a trust account established and maintained in accordance with the Reinsurance Trust Agreement. “Reinsurance Trust Agreement” means that certain trust agreement, originally dated as of April 23, 2010 and as amended as of the
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Reinsurance Trust Account funds deposited pursuant to a trust agreement in form and substance, and with a third party trustee, in each case satisfactory to the Company in its sole discretion that meets the requirements of any applicable law, regulation or regulatory authority, and, in any event, would permit the Company and all members of its intercompany pool, if any, to take credit for reinsurance in their respective states of domicile assuming the Reinsurer were an unauthorized reinsurer in such states. (With respect to Lloyd’s Syndicates, the Company agrees that the Lloyd’s U.S. Credit for Reinsurance Trust Fund is, in form and substance, and with a third party trustee, satisfactory to the Company for purposes of this provision; and that paragraph E shall not apply to such syndicates where the requirements of the Lloyd’s U.S. Credit for Reinsurance Trust Fund have been met.) In the event that the Reinsurer at any time fails to meet its security obligations as set forth in this Article, the Company shall be entitled to hold back, as funds withheld, any amounts otherwise due to the Reinsurer under this Contract or any other agreement between the Company and the Reinsurer.
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Related to Reinsurance Trust Account

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Investment Account As defined in Section 3.12(a).

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Trust Account Rules means the rules relating to the establishment and operation of a trust account established and operated by the Distributor in accordance with clause 10.26;

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • Equity Account Administrator means the brokerage firm utilized by the Company from time to time to create and administer accounts for participants in the Company’s equity plans and programs, including the Plan.

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Administration Account As defined in Section 7.02.

  • Master Trust means Citibank Credit Card Master Trust I.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.