Deposit of Assets to the Trust Account. (a) The Grantor hereby establishes the Trust Account, and the Trustee shall administer the Trust Account in its name as Trustee in accordance with the provisions of this Agreement.
Appears in 2 contracts
Samples: Reinsurer Trust Agreement (Penn Treaty American Corp), Reinsurer Trust Agreement (Penn Treaty American Corp)
Deposit of Assets to the Trust Account. (a) The Grantor hereby establishes shall establish the Trust Account, Account and the Trustee shall administer the Trust Account account in its name as Trustee in accordance with for the provisions of this AgreementBeneficiary. The Trust Account shall be subject to withdrawal by the Beneficiary solely as provided herein.
Appears in 2 contracts
Samples: Acquisition Agreement (Gainsco Inc), Trust Agreement (Zenith National Insurance Corp)
Deposit of Assets to the Trust Account. (a) The Grantor hereby establishes shall establish the Trust AccountAccount for the sole use and benefit of the Beneficiary, and the Trustee shall administer the Trust Account in its name as Trustee in accordance with trustee for the provisions of this AgreementBeneficiary. The Trust Account shall be subject to withdrawal by the Beneficiary solely as provided herein.
Appears in 2 contracts
Samples: Reinsurance Trust Agreement, Reinsurance Trust Agreement (Gainsco Inc)
