Adjustments and Withdrawals. 1. Each Reinsurer agrees to maintain the Eligible Assets in such Reinsurer's Trust Account such that the Outstanding Collateral Amount with respect to such Reinsurer shall be equal to or greater than the Security Amount with respect to such Reinsurer as of each Collateral Calculation Date.
2. If the Security Amount with respect to any Reinsurer as of any Collateral Calculation Date exceeds the Outstanding Collateral Amount with respect to such Reinsurer as of such Collateral Calculation Date, then, subject to Section 1(e) of the Trust Agreement, such Reinsurer shall, within five (5) Business Days following such Reinsurer becoming aware of such difference, deposit additional Eligible Assets in such Reinsurer's Trust Account equal to the amount of such difference. If, however, the Outstanding Collateral Amount with respect to any Reinsurer as of any Collateral Calculation Date exceeds 102% of the Security Amount with respect to such Reinsurer as of such Collateral Calculation Date, then, subject to Section 1(e) of the Trust Agreement, within five (5) Business Days following the Reinsurer's request, and upon verification of such amount by the Original Insured, the Original Insured shall allow the release to such Reinsurer of Assets from such Reinsurer's Trust Account with an aggregate fair market value no greater than such excess (with all Excess Assets (as defined in such Reinsurer's Trust Agreement) to be released to such Reinsurer prior to release of any Eligible Assets to such Reinsurer). In furtherance of the foregoing, the Original Insured shall undertake all actions that shall reasonably be necessary to allow such release of Assets, including, but not limited to, delivery of any notices that might be required by the trustee of the applicable Trust Account; provided, however, that the Original Insured shall only be required to allow the release to such Reinsurer of Assets from such Reinsurer's Trust Account pursuant to this Article 12 - TRUST ACCOUNT subparagraph D(2) to the extent withdrawal by such Reinsurer is permitted under Section 7 of such Reinsurer's Trust Agreement.
3. Subject to Article 22 - ASSUMPTION OF LIABILITY and Article 23 - ALTERNATE PAYEE, the Original Insured shall have the right to withdraw from a Reinsurer's Trust Account, and each Reinsurer hereby agrees and permits the Original Insured to pay from its respective Trust Account, such Reinsurer's quota share of any and all amount(s) owed by the Company to the Original Insured under ...
Adjustments and Withdrawals. 1. The Reinsurer agrees to maintain the Assets such that the Outstanding Collateral Amount shall be equal to or greater than the Security Amount as of the end of each calendar month.
2. Within five (5) Business Days after the end of each calendar month, the Reinsurer shall deliver to the Company and the Original Insured a statement showing the updated Security Amount as of such month-end, which shall be calculated based on information regarding the Class of Reference Tranches received in accordance with Article V(A) of the Policy. If the statement shows that the Security Amount exceeds the Outstanding Collateral Amount, the Reinsurer shall, within five (5) Business Days after delivery of the statement, deposit additional Assets in the Trust Account by the amount of such difference. If, however, the statement shows that the Outstanding Collateral Amount exceeds the Security Amount, the Original Insured shall, within five
