Deposit of Assets. Except as otherwise set forth in the Trust Agreement, prior to depositing assets in the Trust Account, the Reinsurer or the Ceding Company, as applicable, will execute assignments or endorsements in blank, or transfer legal title to the Trustee of all shares, obligations or any other assets requiring assignments, in order that the Ceding Company, or the Trustee upon the direction of the Ceding Company, may whenever necessary negotiate these assets without the consent or signature from the Reinsurer or any other entity.
Appears in 4 contracts
Samples: Reinsurance Agreement (Prudential Discovery Premier Group Variable Contract Account), Reinsurance Agreement (Prudential Discovery Premier Group Variable Contract Account), Reinsurance Agreement (Prudential Discovery Select Group Variable Contract Account)
Deposit of Assets. Except as otherwise set forth in Subject to the Restricted Asset Exceptions to the extent permitted under the Trust Agreement, prior to depositing assets in the Trust Account, the Reinsurer or the Ceding Company, as applicable, will execute assignments or endorsements in blank, or transfer legal title to the Trustee of all shares, obligations or any other assets requiring assignments, in order that the Ceding Company, or the Trustee upon the direction of the Ceding Company, may whenever necessary negotiate these any such assets without the consent or signature from the Reinsurer or any other entity.
Appears in 4 contracts
Samples: Coinsurance and Modified Coinsurance Agreement (Guardian Separate Account R), Coinsurance and Modified Coinsurance Agreement (Guardian Separate Account R), Coinsurance and Modified Coinsurance Agreement (Equitable Holdings, Inc.)
Deposit of Assets. Except as otherwise set forth in Subject to the terms of the Trust Agreement, prior to depositing assets in the Trust Account, the Reinsurer or the Ceding Company, as applicable, will execute assignments or endorsements in blank, or transfer legal title to the Trustee of all shares, obligations or any other assets requiring assignments, in order that the Ceding Company, or the Trustee upon the direction of the Ceding Company, may whenever necessary negotiate these any such assets without the consent or signature from the Reinsurer or any other entity.
Appears in 2 contracts
Samples: Coinsurance and Modified Coinsurance Agreement (Equitable Financial Life Insurance Co), Coinsurance and Modified Coinsurance Agreement (Equitable Holdings, Inc.)
Deposit of Assets. Except as otherwise set forth in Subject to the terms of the Trust Agreement, prior to depositing assets in the Trust Account, the Reinsurer or the Ceding Company, as applicable, will execute assignments or endorsements in blank, or transfer legal title to the Trustee of all shares, obligations or any other assets requiring assignments, in order that the Ceding Company, or the Trustee upon the direction of the Ceding Company, may whenever necessary negotiate these assets without the consent or signature from the Reinsurer or any other entity.
Appears in 1 contract
Samples: Coinsurance and Modified Coinsurance Agreement (Farmers Annuity Separate Account A)
