Supplemental Trust Account definition

Supplemental Trust Account shall have the meaning ascribed to it in Section 4.3(a).
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Supplemental Trust Account shall have the meaning ascribed to it in the Preamble.
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Supplemental Trust Account shall have the meaning ascribed to it in Section 4.3(a). “Special Considerations Letter” means the letter published each year by the New York Department of Financial Services regarding special considerations relating to year-end reserves and other solvency issues. “Third Party Accountant” means a nationally recognized independent accounting firm which is mutually acceptable to New York Ceding Company and Reinsurer, or, if New York Ceding Company and Reinsurer are unable to agree on such an accounting firm, an independent accounting firm selected by mutual agreement of New York Ceding Company’s and Reinsurer’s independent auditors. 4 “Trust Amount” means pursuant to Section 4.1, the book value of the statutory reserves necessary for New York Ceding Company to take full statutory credit for the reinsurance ceded pursuant to this New York Reinsurance Agreement. “WNIC” shall have the meaning ascribed to it in the Recitals. “WNIC Indemnity Reinsurance Agreement” means that certain Indemnity Reinsurance Agreement, dated as of [•], 2013, by and between WNIC and Beechwood Re Ltd. “WNIC Supplemental Trust Account” shall have the meaning ascribed to it in Section 4.3(f). Article II
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Examples of Supplemental Trust Account in a sentence

  • All screening occurs at the district office after discharge from the maternity hospital.Table 17: Screening process for well babies in Cyprus.

  • The Supplemental Trust Account was initially funded with $100 million in cash and $300 million of BAM’s Series B Surplus Notes.

  • By letter of August 2, 2017, the Department approved a series of transactions that (i) merged the two series of surplus notes into a new single class of notes and (ii) provided for the deposit of the entire class into the Supplemental Trust Account supporting BAM’s reinsurance treaty with HG Re. Repayment of these notes (principal and/or interest) by the Company is subject to the prior approval of the Department.

  • The funds in the Supplemental Trust Account collateralize the ceded contingency reserves.

  • Effective January 1, 2016, statutory contingency reserves are ceded, pursuant to the terms of the treaty, and are collateralized by assets held in the Supplemental Trust Account.

  • A members’ forum was conducted on 26 June 2017 to share the results of the study and to provide an opportunity for members to discuss and raise comments on developing country park land.

  • We trust that you love us and are working all things together for good for those of us who love you.

  • Classroom grades are based on Mindtap computer based assignments and handouts that will be given throughout the course at the instructor’s discretion.

  • At such time as the Department approves the principal payments on the BAM Series B Surplus Notes the proceeds will be retained in the Supplemental Trust Account until it reaches its target level of $400 million.

  • Trustee shall have no responsibility to determine whether the Assets in the Supplemental Trust Account are sufficient to secure Grantor’s obligations to Beneficiary.


More Definitions of Supplemental Trust Account

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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Related to Supplemental Trust Account

  • Supplemental Trust Agreement means any trust agreement then in full force and effect which has been duly executed and delivered by the Authority and the Trustee amendatory hereof or supplemental hereto; but only if and to the extent that such Supplemental Trust Agreement is executed and delivered pursuant to the provisions hereof.

  • Supplemental Trust Deed means the supplemental trust deed which constitutes and secures, inter alia, the Notes, dated 3 November 2016 and made between the Lender, the Trustee and the agents named therein.

  • Supplemental Transfer Date For any Supplemental Transfer Agreement, the date the related Supplemental Mortgage Loans are transferred to the Trust Fund pursuant to the related Supplemental Transfer Agreement.

  • Supplemental Interest Account As defined in Section 4.07 hereof.

  • Successor Preferred Guarantee Trustee means a successor Preferred Guarantee Trustee possessing the qualifications to act as Preferred Guarantee Trustee under Section 4.1.

  • Original Trust Agreement has the meaning specified in the recitals to this Trust Agreement.

  • Purchase Contract Agent means the Person named as the “Purchase Contract Agent” in the first paragraph of this Agreement, acting in its capacity as such hereunder, until a successor Purchase Contract Agent shall have become such pursuant to the applicable provisions of this Agreement, and thereafter “Purchase Contract Agent” shall mean such Person or any subsequent successor who is appointed pursuant to this Agreement.

  • Certificate Insurer As defined in the Series Supplement.

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

  • Trust Common Securities means the securities representing common undivided beneficial interests in the assets of the Trust.

  • Additional Trust Fund Expense Any expense of the Trust Fund that (i) arises out of a default on a Mortgage Loan or a Serviced Pari Passu Companion Loan or an otherwise unanticipated event, (ii) is not included in the calculation of a Realized Loss, (iii) is not covered by a Servicing Advance or a corresponding collection from the related Borrower, and (iv) is not covered by Default Charges collected on the Mortgage Loans to the extent provided herein.

  • Securities Administrator Xxxxx Fargo Bank, N.A., or its successor in interest, or any successor securities administrator appointed as herein provided.

  • Supplemental Certificate shall have the meaning specified in Section 6.03.

  • Class C Certificateholder means the person in whose name a Class C Certificate is registered on the Certificate Register.

  • institutional trustee means the Trustee.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Certificate Insurer Default The existence and continuance of any of the following:

  • Non-Lead Certificate Administrator means the “certificate administrator” under any Non-Lead Securitization Servicing Agreement.

  • Class B Certificateholder The registered holder of a Class B Certificate.

  • Certificate of Trust means the Certificate of Trust in the form of Exhibit B to be filed for the Trust pursuant to Section 3810(a) of the Statutory Trust Statute.

  • Preferred Guarantee Trustee means Wilmington Trust Company, until a Successor Preferred Guarantee Trustee has been appointed and has accepted such appointment pursuant to the terms of this Preferred Securities Guarantee and thereafter means each such Successor Preferred Guarantee Trustee.