Common use of Adjustment of Security and Withdrawals Clause in Contracts

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.

Appears in 3 contracts

Samples: Modified Coinsurance Agreement (Scottish Re Group LTD), Coinsurance Agreement (Scottish Re Group LTD), Coinsurance Funds Withheld Agreement (Scottish Re Group LTD)

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Adjustment of Security and Withdrawals. The Reinsurer shall maintain Eligible Assets in the SLDI SLD Reserve Trust Account with an aggregate fair market value at least equal to the Required Balance. The amount of assets held in the SLDI SLD Reserve Trust Account shall be adjusted following the end of each calendar quarter.

Appears in 2 contracts

Samples: Coinsurance Agreement (Scottish Re Group LTD), Modified Coinsurance Agreement (Scottish Re Group LTD)

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