Authorized Investments. The assets that may be held in the Trust Account shall consist only of Authorized Investments. The Reinsurer shall, in accordance with Section 5.7(a), provide to the Ceding Company a quarterly report listing each asset in the Trust Account and the Fair Market Value and Book Value of each such asset as of the end of the 1006844591v17 relevant calendar quarter and certify that each such asset is an Authorized Investment. For the purpose of valuing assets in the Trust Account, the Parties agree that the definition of Fair Market Value set forth herein shall apply to the determination of “Fair Market Value” under the Trust Agreement.
Appears in 2 contracts
Samples: Reinsurance Agreement (Prudential Discovery Select Group Variable Contract Account), Reinsurance Agreement (Prudential Discovery Premier Group Variable Contract Account)
Authorized Investments. The assets that may be held in the Trust Account shall consist only of Authorized Investments. The Reinsurer shall, in accordance with Section 5.7(a), provide to the Ceding Company a quarterly report listing each asset in the Trust Account and the Fair Market Value and Book Value of each such asset as of the end of the 1006844591v17 relevant calendar quarter and certify that each such asset is an Authorized Investment. For the purpose of valuing assets in the Trust Account, the Parties agree that the definition of Fair Market Value set forth herein shall apply to the determination of “Fair Market Value” under the Trust Agreement.
Appears in 2 contracts
Samples: Reinsurance Agreement (Prudential Discovery Premier Group Variable Contract Account), Reinsurance Agreement (Prudential Discovery Select Group Variable Contract Account)
