Rebalancing the Trust Account. If the Trust Account Balance as of the end of any calendar month after the Closing Date is less than (x) the Required Balance as set forth in the statement contemplated by Section 6.2(b) for such calendar month, minus if applicable, amounts withdrawn by the Company in accordance with Section 9.8 that are subject to a good faith dispute, provided that such reduction shall only be permitted to the extent that such disputed amount has not already been reflected in the NAIC Reserves incorporated in the Required Balance, minus (y) if applicable, the Retrocession Trust Account Balance (if any) as set forth in such statement, then, unless such shortfall shall have been cured by assets deposited into the Retrocession Trust Account, the Reinsurer shall deposit additional Eligible Trust Account Assets into the Trust Account within fifteen (15) Business Days following the date such shortfall is determined so that the Trust Account Balance is no less than the Required Balance set forth in such statement, minus if applicable, amounts withdrawn by the Company in accordance with Section 9.8 that are subject to a good faith dispute, provided that such reduction shall only be permitted to the extent that such disputed amount has not already been reflected in the NAIC Reserves incorporated in the Required Balance, minus if applicable, the Retrocession Trust Account Balance (if any) set forth in such statement; provided, however, that as of and after the occurrence of a Reinsurance Credit Event and provided that a statutory trust is put in place to secure reinsurance credit in accordance with Section 17.1, for purposes of any provision of this Agreement, if applicable, the Retrocession Trust Account Balance shall not be subtracted for purposes of the calculations under the preceding sentence other than, if applicable, amounts withdrawn by the Company in accordance with Section 9.8 that are subject to a good faith dispute, provided that such reduction shall only be permitted to the extent that such disputed amount has not already been reflected in the NAIC Reserves incorporated in the Required Balance. Without limiting the foregoing, if an asset in the Trust Account no longer qualifies as an Eligible Trust Account Asset, then, within fifteen (15) Business Days following the date on which the Reinsurer becomes aware of such circumstance, the Reinsurer shall replace such asset with one or more Eligible Trust Account Assets in accordance with Section 9.7. Notwithstanding the for...
Rebalancing the Trust Account. Pursuant to the Administrative Services Agreement, within thirty (30) days after the end of each calendar quarter that the Administrative Services Agreement is in effect, Administrator thereunder shall prepare and deliver to Company a Quarterly Report that shall include, among other things, a determination of the Gross Statutory Reserves and the Fair Market Value of the assets in the Trust Account, in each case as of the end of the prior calendar quarter. If the Fair Market Value of assets in the Trust Account as of the statement date of any Quarterly Report is less than 100% of the Gross Statutory Reserves as of such date, Reinsurer shall promptly (but in no event later than 5 Business Days after the Quarterly Report is received), cause additional assets to be deposited into the Trust Account having an aggregate Fair Market Value at least equal to the amount of such deficiency. If, however, the Fair Market Value of the assets in the Trust Account as of the statement date of such Quarterly Report is greater than 102% of the Gross Statutory Reserves as of such date, Company shall withdraw such excess from the Trust Account in accordance with the provisions of Section 8.7(b) and pay such excess to Reinsurer immediately upon withdrawal.
Rebalancing the Trust Account. At any time after the establishment of the Trust Account and initial deposit of Eligible Assets pursuant to Section 6.1: (a) If the Trust Account Balance as of the end of any Accounting Period is less than the Required Balance as set forth in the Trust Account Report for such Accounting Period, then the Reinsurer shall deposit additional Eligible Assets into the Trust Account within ten (10) Business Days following the date of delivery of such Trust Account Report such that the Trust Account Balance is no less than the Required Balance set forth in such Trust Account Report. (b) [***]. Section 6.5.
Rebalancing the Trust Account. (a) In the absence of an ongoing Adverse Financial Event, RBC Ratio Triggering Event, or Reinsurance Credit Event, if the sum of the aggregate Book Value of all Eligible Trust Account Assets in the Trust Account as of the end of any calendar quarter after the Closing Date, together with interest accrued thereon, plus the aggregate Book Value of assets withdrawn from the Trust Account and held by the Company, the face amount of any Letters of Credit delivered by the Reinsurer to the Company under this Agreement and any amounts drawn under any Letters of Credit delivered by the Reinsurer to the Company under this Agreement and held by the Company, is less than the Required Balance as set forth in an Required Balance Report for such calendar quarter, then the Reinsurer shall deposit additional Eligible Trust Account Assets and/or Letters of Credit into the Trust Account with an aggregate Book Value at least equal to such shortfall within fifteen (15) Business Days following the delivery of such Required Balance Report.
