PAYMENT OF FW CANADIAN ACCOUNT BALANCE Sample Clauses

PAYMENT OF FW CANADIAN ACCOUNT BALANCE. AND CASH ADVANCES 7.01 Subject to receipt of any required regulatory approvals, the Retrocessionaire shall have the right, upon ten Business Days prior written notice to the Retrocedant, to call for payment in cash of the FW Canadian Account Balance at any time (i) after September 30,2037, or (ii) on an earlier date as agreed to by the Parties, whichever first occurs. If the Retrocessionaire shall have made a call for payment in accordance with this Section (a “FW Canadian Cash Call”), the Retrocedant shall, after providing the next quarterly statement following such FW Canadian Cash Call, be thereafter relieved from the obligation to maintain the FW Canadian Account Balance and, except as otherwise provided herein, all amounts required under this Agreement to be debited or credited to the FW Canadian Account Balance shall be settled in cash. 7.02 The Retrocessionaire acknowledges and agrees that any payments from funds held under the Canadian Trust Agreement requires the consent of OSFI.