Liquidity and Withdrawal Rights. The Company shall have the right to withdraw from time to time any amounts from the Investment Account (i) that it determines to invest in the Investment Grade Account in order to satisfy the HPS Investment Guidelines and/or New Jersey law, regulations or Department of Banking and Insurance requirements and/or as needed to maintain or obtain a desired rating from a Rating Agency, (ii) that are necessary for payment of claims or to maintain liquidity for payment of claims, or (iii) as required for payment of expenses for the continued operations of the Company’s business, by delivering written notice to the Investment Manager at least 5 Business Days in advance of the withdrawal date in the case of any withdrawal pursuant to clause (i) or (ii) and at least 30 Business Days in advance of the withdrawal date in the case of any withdrawal pursuant to clause (iii).
Appears in 4 contracts
Samples: Investment Management Agreement (Watford Holdings Ltd.), Investment Management Agreement (Watford Holdings Ltd.), Investment Management Agreement (Watford Holdings Ltd.)