Adjustment of Security. (a) The amount of security required to be provided by the Reinsurer hereunder shall be adjusted following the end of each Monthly Accounting Period based on (i) the Required Balance as of the end of such Monthly Accounting Period as set forth in the applicable Monthly Settlement and Required Balance Report and (ii) the Book Value of Permitted Investments as of the end of such Monthly Accounting Period as set forth in the applicable Monthly Asset Report. The amount of security required to be held in the Trust Account shall be adjusted as follows:
Appears in 6 contracts
Samples: Reinsurance Agreement (Unum Group), Reinsurance Agreement (Unum Group), Reinsurance Agreement (Unum Group)
