Common use of Deposit of Assets to the Trust Account Clause in Contracts

Deposit of Assets to the Trust Account. (a) The Grantor has established account number [ ] in the name of “Primerica Life Insurance Company Trust Account” with the Trustee (such account, the “Trust Account”) and the Trustee shall administer the Trust Account in its name as Trustee for the sole use and benefit of the Beneficiary. (b) The Grantor shall transfer to the Trustee, for deposit to the Trust Account, or request the Beneficiary to transfer directly to the Trustee on the Grantor’s behalf, such assets as it may from time to time desire (all such assets actually received in the Trust Account are herein referred to individually as an “Asset” and collectively as the “Assets”). The Assets shall consist only of Eligible Securities (as hereinafter defined). (c) The Grantor hereby represents and warrants that title to any Assets transferred by the Grantor to the Trustee for deposit to the Trust Account will be recorded in the name of the Trustee, and any such Assets will be in such form that the Beneficiary whenever necessary may, and the Trustee upon direction by the Beneficiary will, negotiate any such Assets without consent or signature from the Grantor or any person in accordance with the terms of this Agreement. Any out-of-pocket costs of transfer of title between the Grantor and the Trustee shall be borne by the Grantor.

Appears in 4 contracts

Samples: Reinsurance Trust Agreement, Reinsurance Trust Agreement (Primerica, Inc.), Reinsurance Trust Agreement (Primerica, Inc.)

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Deposit of Assets to the Trust Account. (a) The Grantor has established account number [ ] 390222 in the name of “Primerica Life Insurance Company Trust AccountPRIME RE CO - PRIMERICA 10% ECONOMI” with the Trustee (such account, the “Trust Account”) and the Trustee shall administer the Trust Account in its name as Trustee for the sole use and benefit of the Beneficiary. (b) The Grantor shall transfer to the Trustee, for deposit to the Trust Account, or request the Beneficiary to transfer directly to the Trustee on the Grantor’s behalf, such assets as it may from time to time desire (all such assets actually received in the Trust Account are herein referred to individually as an “Asset” and collectively as the “Assets”). The Assets shall consist only of Eligible Securities (as hereinafter defined). (c) The Grantor hereby represents and warrants that title to any Assets transferred by the Grantor to the Trustee for deposit to the Trust Account will be recorded in the name of the Trustee, and any such Assets will be in such form that the Beneficiary whenever necessary may, and the Trustee upon direction by the Beneficiary will, negotiate any such Assets without consent or signature from the Grantor or any person in accordance with the terms of this Agreement. Any out-of-pocket costs of transfer of title between the Grantor and the Trustee shall be borne by the Grantor.

Appears in 1 contract

Samples: Trust Agreement (Primerica, Inc.)

Deposit of Assets to the Trust Account. (a) The Grantor has established account number [ ] 390221 in the name of “Primerica Life Insurance Company Trust AccountPRIME RE CO - PRIMERICA 10% EXCESS” with the Trustee (such account, the “Trust Account”) and the Trustee shall administer the Trust Account in its name as Trustee for the sole use and benefit of the Beneficiary. (b) The Grantor shall transfer to the Trustee, for deposit to the Trust Account, or request the Beneficiary to transfer directly to the Trustee on the Grantor’s behalf, such assets as it may from time to time desire (all such assets actually received in the Trust Account are herein referred to individually as an “Asset” and collectively as the “Assets”). The Assets shall consist only of Eligible Securities (as hereinafter defined). (c) The Grantor hereby represents and warrants that title to any Assets transferred by the Grantor to the Trustee for deposit to the Trust Account will be recorded in the name of the Trustee, and any such Assets will be in such form that the Beneficiary whenever necessary may, and the Trustee upon direction by the Beneficiary will, negotiate any such Assets without consent or signature from the Grantor or any person in accordance with the terms of this Agreement. Any out-of-pocket costs of transfer of title between the Grantor and the Trustee shall be borne by the Grantor.

Appears in 1 contract

Samples: Trust Agreement (Primerica, Inc.)

Deposit of Assets to the Trust Account. (a) The Grantor has established shall establish a trust account, with the account number [ ] in the name of 390226 and designated as Primerica Life Insurance Company Trust AccountAH & L - NATIONAL BENEFIT 1with the Trustee (such account, the “Trust Account”) ), and the Trustee shall administer the Trust Account in its name as Trustee for the sole use and benefit of the BeneficiaryBeneficiary as provided herein. (b) The Grantor shall transfer to the Trustee, for deposit to the Trust Account, or request the Beneficiary to transfer directly to the Trustee on the Grantor’s behalf, such assets as it may from time to time desire (all such assets actually received in the Trust Account are herein referred to individually as an “Asset” and collectively as the “Assets”). The Assets shall consist only of cash (United States legal tender) and Eligible Securities (as hereinafter defined). (c) The Grantor hereby represents and warrants that title to any all Assets transferred by the Grantor to the Trustee for deposit to the Trust Account will be recorded in the name of the Trustee, and any such Assets will be in such form that the Beneficiary whenever necessary may, and the Trustee upon direction by the Beneficiary will, negotiate any such Assets without consent or signature from the Grantor or any person in accordance with the terms of this Agreement, and such Assets will be recorded in the name of the Trustee to the extent title to any such Assets is transferred by the Grantor to the Trustee. Any out-of-pocket costs of transfer of title between the Grantor and the Trustee shall be borne by the Grantor.

Appears in 1 contract

Samples: Trust Agreement (Primerica, Inc.)

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Deposit of Assets to the Trust Account. (a) The Grantor has established shall establish a trust account, with the account number [ ] in the name of and designated as Primerica American Health and Life Insurance Company Trust Account” with the Trustee (such account, the “Trust Account”) ), and the Trustee shall administer the Trust Account in its name as Trustee for the sole use and benefit of the BeneficiaryBeneficiary as provided herein. (b) The Grantor shall transfer to the Trustee, for deposit to the Trust Account, or request the Beneficiary to transfer directly to the Trustee on the Grantor’s behalf, such assets as it may from time to time desire (all such assets actually received in the Trust Account are herein referred to individually as an “Asset” and collectively as the “Assets”). The Assets shall consist only of cash (United States legal tender) and Eligible Securities (as hereinafter defined). (c) The Grantor hereby represents and warrants that title to any all Assets transferred by the Grantor to the Trustee for deposit to the Trust Account will be recorded in the name of the Trustee, and any such Assets will be in such form that the Beneficiary whenever necessary may, and the Trustee upon direction by the Beneficiary will, negotiate any such Assets without consent or signature from the Grantor or any person in accordance with the terms of this Agreement, and such Assets will be recorded in the name of the Trustee to the extent title to any such Assets is transferred by the Grantor to the Trustee. Any out-of-pocket costs of transfer of title between the Grantor and the Trustee shall be borne by the Grantor.

Appears in 1 contract

Samples: Trust Agreement (Primerica, Inc.)

Deposit of Assets to the Trust Account. (a) The Grantor has established account number [ ] 390223 in the name of “Primerica Life Insurance Company Trust AccountPRIME RE CO - PRIMERICA 80%” with the Trustee (such account, the “Trust Account”) and the Trustee shall administer the Trust Account in its name as Trustee for the sole use and benefit of the Beneficiary. (b) The Grantor shall transfer to the Trustee, for deposit to the Trust Account, or request the Beneficiary to transfer directly to the Trustee on the Grantor’s behalf, such assets as it may from time to time desire (all such assets actually received in the Trust Account are herein referred to individually as an “Asset” and collectively as the “Assets”). The Assets shall consist only of Eligible Securities (as hereinafter defined). (c) The Grantor hereby represents and warrants that title to any Assets transferred by the Grantor to the Trustee for deposit to the Trust Account will be recorded in the name of the Trustee, and any such Assets will be in such form that the Beneficiary whenever necessary may, and the Trustee upon direction by the Beneficiary will, negotiate any such Assets without consent or signature from the Grantor or any person in accordance with the terms of this Agreement. Any out-of-pocket costs of transfer of title between the Grantor and the Trustee shall be borne by the Grantor.

Appears in 1 contract

Samples: 80% Coinsurance Trust Agreement (Primerica, Inc.)

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