Common use of Ongoing Funding of Collateral Trust Account Clause in Contracts

Ongoing Funding of Collateral Trust Account. In accordance with the requirements of the Collateral Trust Agreement, unless there is a Collateral Triggering Event or a Reinsurance Credit Event, the Reinsurer shall not be required to deposit additional assets into the Collateral Trust Account after the Closing Date. All transfers to and withdrawals from the Collateral Trust Account shall be in accordance with the terms set forth herein and subject to the requirements set forth in the Collateral Trust Agreement.

Appears in 2 contracts

Samples: Loss Portfolio Transfer Reinsurance Agreement (Cna Financial Corp), Master Transaction Agreement (Cna Financial Corp)

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Ongoing Funding of Collateral Trust Account. In accordance with the requirements of the Collateral Trust Agreement, unless there is a Collateral Triggering Event or a Reinsurance Credit Event, the Reinsurer shall not be required to deposit additional assets into the Collateral Trust Account after the Closing Inception Date. All transfers to and withdrawals from the Collateral Trust Account shall be in accordance with the terms set forth herein and subject to the requirements set forth in the Collateral Trust Agreement.

Appears in 1 contract

Samples: Aggregate Excess of Loss Reinsurance Agreement (Hartford Financial Services Group Inc/De)

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Ongoing Funding of Collateral Trust Account. In accordance with the requirements of the Collateral Trust Agreement, unless there is a Collateral Triggering Event or a Reinsurance Credit Event, the Reinsurer shall not be required to deposit additional assets into the Collateral Trust Account after the Closing Date. All transfers to and withdrawals from the Collateral Trust Account shall be in accordance with the terms set forth herein and subject to the requirements set forth in the Collateral Trust Agreement.All

Appears in 1 contract

Samples: Loss Portfolio Transfer Reinsurance Agreement

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