Common use of Adjustments and Withdrawals Clause in Contracts

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.

Appears in 5 contracts

Samples: Quota Share Reinsurance Contract, Quota Share Reinsurance Contract, Quota Share Reinsurance Contract

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Adjustments and Withdrawals. 1. Each Reinsurer agrees to maintain the Eligible Assets in such Reinsurer's ’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.

Appears in 5 contracts

Samples: Quota Share Reinsurance Contract, Acis 2020 Afrm1, Quota Share Reinsurance Contract

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