Funding of Trust. The Tail Loss Trust Funding Obligation shall be deposited in the Tail Loss Trust within sixty (60) days of the second (2nd) anniversary of the Termination Date (as defined in the Policy). Amounts shall be held in the Tail Loss Trust until (1) released to the Company pursuant to a claim under this Contract, or (2) the Tail Loss Termination Date, in which event any remaining balance shall be released to the Subscribing Reinsurer as set forth paragraph J of this Article.
Appears in 9 contracts
Samples: Quota Share Reinsurance Contract, Quota Share Reinsurance Contract, Quota Share Reinsurance Contract
