Collateral Trust Assets. (a) Prior to the occurrence of a Reinsurance Credit Event, the assets that may be held in the Collateral Trust Account shall consist of Eligible Investments. Upon the occurrence of a Reinsurance Credit Event, however, in accordance with the requirements of the Collateral Trust Agreement and Section 9.6 herewith, the assets in the Collateral Trust Account shall consist of Permitted Investments.
Appears in 2 contracts
Samples: Trust Agreement (Cna Financial Corp), Trust Agreement (Cna Financial Corp)
Collateral Trust Assets. (a) Prior to the occurrence of a Reinsurance Credit Event, the assets that may be held in the Collateral Trust Account shall consist of Eligible Investments. Upon the occurrence of a Reinsurance Credit Event, however, in accordance with the requirements of the Collateral Trust Agreement and Section 9.6 herewith14.6 hereof, the assets in the Collateral Trust Account shall consist only of Permitted Investments.
Appears in 1 contract
Samples: Trust Agreement (Hartford Financial Services Group Inc/De)
Collateral Trust Assets. (a) Prior to the occurrence of a Reinsurance Retrocession Credit Event, the assets that may be held in the Collateral Trust Account shall consist solely of Eligible Investments. Upon and after the occurrence of a Reinsurance Retrocession Credit Event, however, in accordance with the requirements of the Collateral Trust Agreement and Section 9.6 herewith7.7, hereof, the assets in the Collateral Trust Account shall consist solely of Permitted Investments.
Appears in 1 contract
Samples: Administrative Services Agreement (American International Group Inc)
