Adjustment of Security and Withdrawals. Subject to Section 7.7, the amount of security provided by the Reinsurer shall be adjusted following the end of each Monthly Accounting Period to be equal to the Required Balance as of the end of such Monthly Accounting Period (such amounts to be calculated by the Reinsurer and a report thereof to be furnished to the Company no later than ten (10) Business Days following the end of such Monthly Accounting Period) as follows:
Adjustment of Security and Withdrawals. The amount of security provided by the Reinsurer shall be adjusted following the end of each Accounting Period as provided herein.
Adjustment of Security and Withdrawals. (a) The amount of security required to be provided by Reinsurer hereunder shall be adjusted following the end of each Accounting Period ending after the Effective Time based on
Adjustment of Security and Withdrawals. The Reinsurer shall maintain Eligible Assets in the SLDI Reserve Trust Account with an aggregate fair market value at least equal to the Required Balance. The amount of assets held in the SLDI Reserve Trust Account shall be adjusted following the end of each calendar quarter.
Adjustment of Security and Withdrawals. (a) The Reinsurer shall furnish a report (a “Month-End Required Balance Report”) to the Ceding Company following the end of each calendar month containing (i) the Reinsurer’s calculation of the Required Balance as of the end of such calendar month, in each case prepared in accordance with the Required Balance Model and Calculation Methodologies, the Ceding Company Statutory Reserves report received by the Reinsurer pursuant to this Section 5.8(a) and the other terms and conditions of this Agreement (in each case, the “Month-End Required Balance”), (ii) an updated Reinsurer Sensitivity Grid prepared in accordance with Schedule F-1 for use in calculating the Required Balances used for purposes of rebalancing the Trust Account on the applicable Monthly Funding Date [***] thereafter until such time as the Month-End Required Balance and the Reinsurer Sensitivity Grid are subsequently updated in accordance with this Section 5.8(a), and (iii) a calculation of the Required Balance as of the end of the Business Day immediately preceding the date upon which the Month-End Required Balance Report is furnished to the Ceding Company, calculated using such Month-End Required Balance, as adjusted by the updated Reinsurer Sensitivity Grid and, if applicable, the Ceding Company Sensitivity Grid (the “Adjusted Month-End Required Balance”). The Reinsurer shall deliver each Month-End Required Balance Report no later than 6:00 p.m. (New York time) on the tenth (10th) Business Day following the end of each calendar month; provided, however, that for each calendar month ending during a continuation of a FMV Triggering Event, the Reinsurer shall deliver the Month-End Required Balance Report no later than 6:00 p.m. (New York time) on the earlier of (x) the second (2nd) Business Day following the day on which the Reinsurer receives from the Ceding Company the Ceding Company’s calculation of the Ceding Company Statutory Reserves and the updated Ceding Company Sensitivity Grid for such calendar month and (y) the sixteenth (16th) Business Day following the end of each calendar month; provided, that in no event shall the Reinsurer be required to deliver the Month-End Required Balance Report prior to the tenth (10th) Business Day following the end of each calendar month. In order for the Reinsurer to prepare the Month-End Required Balance Reports for each calendar month during a continuation of a FMV Triggering Event, no later than fifteen (15) Business Days following the end of each cal...
Adjustment of Security and Withdrawals. (a) No later than thirty (30) days following the end of each calendar quarter (the “Security Reporting Date”), the Reinsurer shall furnish a report to the Ceding Company setting forth (x) the Required Balance as of the end of such calendar quarter calculated by the Reinsurer as Administrator and (y) the Statutory Book Value of Eligible Assets as of the end of such calendar quarter (the “Security Funding Report”). The amount of security held in the Trust Account shall be adjusted as follows:
Adjustment of Security and Withdrawals. (a) The amount of security required to be provided by Reinsurer hereunder shall be adjusted following the end of each calendar quarter after the date hereof based on (i) the Required Balance as of the end of such calendar quarter calculated by the Reinsurer and furnished to the Ceding Company in a report no later than forty-five (45) days following the end of such calendar quarter (the “Security Funding Reporting Date”) and (ii) the Statutory Book Value or Fair Market Value, as applicable, of Eligible Assets as of the end of such calendar quarter as furnished by the Reinsurer to the Ceding Company in a report no later than the Security Funding Reporting Date. The amount of security held in the Trust Account shall be adjusted as follows:
Adjustment of Security and Withdrawals. The Reinsurer shall maintain Eligible Assets in the FAFLIC Trust Account with an aggregate fair market value at least equal to the Required Balance. The amount of assets held in the FAFLIC Trust Account shall be adjusted following the end of each calendar month.
Adjustment of Security and Withdrawals. (a) The Reinsurer shall furnish a report (a “Month-End Required Balance Report”) to the Ceding Company following the end of each Monthly Accounting Period containing (i) the Reinsurer’s calculation of the Required Balance as of the end of such Monthly Accounting Period, in each case taking into account the Ceding Company Report for such Monthly Accounting Period that is provided by the Ceding Company pursuant to Section 5.7(b) and the other terms and conditions of this Agreement and (ii) the Asset Report for such Monthly Accounting Period.
Adjustment of Security and Withdrawals. (a) The amount of security required to be provided by the Reinsurer hereunder shall be adjusted following the end of each Quarterly Accounting Period ending after the Effective Time based on (i) the Ceding Company Statutory Reserves as of the end of such Quarterly Accounting Period and furnished by the Ceding Company to the Reinsurer in a report (the “Ceding Company Statutory Reserves Report”) no later than ten (10) Business Days following the end of such Quarterly Accounting Period; and (ii) the Required Balance and the aggregate Statutory Book Value, in each case as of the end of such Quarterly Accounting Period as calculated and furnished by the Reinsurer to the Ceding Company in a report (the “
