Common use of Adjustment of Security and Withdrawals Clause in Contracts

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

Appears in 4 contracts

Samples: Reinsurance Agreement (Prudential Discovery Select Group Variable Contract Account), Reinsurance Agreement (Prudential Discovery Premier Group Variable Contract Account), Reinsurance Agreement (Prudential Discovery Select Group Variable Contract Account)

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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 Accounting Period ending after the Effective Time Closing Date based onon (1) the Required Balance as of the end of such Accounting Period and (2) the Statutory Book Value and Fair Market Value of Eligible Assets as of the end of such Accounting Period, as applicable. The amount of security held in the Trust Account shall be adjusted as follows:

Appears in 1 contract

Samples: Coinsurance and Modified Coinsurance Agreement (Farmers Annuity Separate Account A)

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