Common use of Adjustment of Trust Account Assets Clause in Contracts

Adjustment of Trust Account Assets. (a) The Required Amount as of the end of each calendar quarter shall be certified to the Trustee by the Grantor in the manner set forth in Section 5.3 hereof. (b) If the aggregate fair market value of the Permitted Investments maintained in the Trust Account as of any calendar quarter end is less than the Required Amount as of such calendar quarter end, then within five (5) Business Days of its receipt of the certification set forth in Section 5.3, the Grantor shall deposit into the Trust Account such additional Assets with an aggregate fair market value as are necessary to ensure that the aggregate fair market value of the Permitted Investments held in the Trust Account is no less than 100% of the Required Amount as of the immediately prior calendar quarter end.

Appears in 2 contracts

Samples: Master Transaction Agreement (American International Group Inc), Trust Agreement (Cna Financial Corp)

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Adjustment of Trust Account Assets. (a) The Required Amount as of the end of each calendar quarter shall be certified to the Trustee by the Grantor in the manner set forth in Section 5.3 hereof5.3. (b) If the aggregate fair market value of the Permitted Investments maintained in the Trust Account as of any calendar quarter end is less than the Required Amount as of such calendar quarter end, then within five (5) Business Days of its receipt of the certification set forth in Section 5.3, the Grantor shall deposit into the Trust Account such additional Assets with an aggregate fair market value as are necessary to ensure that the aggregate fair market value of the Permitted Investments held in the Trust Account is no less than 100% of the Required Amount as of the immediately prior calendar quarter end.

Appears in 1 contract

Samples: Aggregate Excess of Loss Reinsurance Agreement (Hartford Financial Services Group Inc/De)

Adjustment of Trust Account Assets. (a) The Required Amount and the Security Amount as of the end of each calendar quarter shall be certified to the Trustee by the Grantor in the manner set forth in Section 5.3 hereof. (b) If the aggregate fair market value of the Permitted Investments maintained in the Trust Account as of any calendar quarter end is less than the Required Amount as of such calendar quarter end, then within five (5) Business Days of its receipt of the certification set forth in Section 5.3, the Grantor shall deposit into the Trust Account such additional Assets with an aggregate fair market value as are necessary to ensure that the aggregate fair market value of the Permitted Investments held in the Trust Account is no less than 100% of the Required Amount as of the immediately prior calendar quarter end.

Appears in 1 contract

Samples: Trust Agreement (American International Group Inc)

Adjustment of Trust Account Assets. (a) The Required Amount as of the end of each calendar quarter shall be certified to the Trustee by the Grantor in the manner set forth in Section 5.3 3.3 hereof. (b) If the aggregate fair market value of the Permitted Investments maintained in the Trust Account as of any calendar quarter end is less than the Required Amount as of such calendar quarter end, then within five (5) Business Days of its receipt of the certification set forth in Section 5.33.3, the Grantor shall deposit into the Trust Account such additional Assets with an aggregate fair market value as are necessary to ensure that the aggregate fair market value of the Permitted Investments held in the Trust Account is no less than 100% of the Required Amount as of the immediately prior calendar quarter end.

Appears in 1 contract

Samples: Loss Portfolio Transfer Reinsurance Agreement (Cna Financial Corp)

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Adjustment of Trust Account Assets. (a) The Required RCE Funding Amount as of the end of each calendar quarter shall be certified to the Trustee by the Grantor Beneficiary in the manner set forth in Section 5.3 4.3 hereof. (b) If the aggregate fair market value Fair Market Value of the Permitted Investments RCE Eligible Assets maintained in the Trust Account as of any calendar quarter end is less than the Required RCE Funding Amount as of such calendar quarter end, then within five (5) Business Days calendar days of its receipt of the certification set forth in Section 5.34.3, the Grantor shall deposit into the Trust Account such additional Assets with an aggregate fair market value Fair Market Value as are necessary to ensure that the aggregate fair market value Fair Market Value of the Permitted Investments RCE Eligible Assets held in the Trust Account is no less than 100% of the Required RCE Funding Amount as of the immediately prior calendar quarter end.

Appears in 1 contract

Samples: Master Transaction Agreement (Cigna Corp)

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