DRAWING ON THE TRUST ACCOUNT. i. Qualifying Assets in the Trust Account established hereunder may be withdrawn by the Ceding Company at any time, notwithstanding any other provision of this Agreement, and shall be utilized and applied by the Ceding Company or any successor by operation of law of the Ceding Company including, without limitation, any liquidator, rehabilitator, receiver or conservator of the Ceding Company, without diminution because of insolvency on the part of the Ceding Company or the Reinsurer, only for the following purposes:
Appears in 3 contracts
Samples: Quota Share Reinsurance Agreement (Oscar Health, Inc.), Axa France Vie (Oscar Health, Inc.), Quota Share Reinsurance Agreement (Oscar Health, Inc.)
DRAWING ON THE TRUST ACCOUNT. i. Qualifying Assets in the Trust Account established hereunder may be withdrawn by the Ceding Company at any time, notwithstanding any other provision of this Agreement, and shall be utilized and applied by the Ceding Company or any successor in interest by operation of law of the Ceding Company law, including, without limitation, any liquidator, rehabilitator, receiver or conservator of the Ceding Company, without diminution because of insolvency on the part of the Ceding Company or the Reinsurer, only for the following purposes:
Appears in 1 contract
Samples: Quota Share Reinsurance Agreement (Oscar Health, Inc.)
DRAWING ON THE TRUST ACCOUNT. i. Qualifying Assets in the Trust Account established hereunder may be withdrawn by the Ceding Company at any time, notwithstanding any other provision of this Agreement, and shall be utilized and applied by the Ceding Company or any successor by operation of law of the Ceding Company including, without limitation, any liquidator, rehabilitator, receiver or conservator of the Ceding Company, without diminution because of insolvency on the part of the Ceding Company or the Reinsurer, only for the following purposes:
Appears in 1 contract
Samples: Trust Agreement (Lincoln Life & Annuity Variable Annuity Account H)
