Redemption, Investment and Substitution of Assets. (a) The Trustee shall surrender for payment all maturing Assets and all Assets called for redemption (and provide written notice to the Beneficiary to that effect) and deposit the principal amount of the proceeds of any such payment to the Trust Account.
Appears in 2 contracts
Samples: Trust Agreement (Platinum Underwriters Holdings LTD), Trust Agreement (Platinum Underwriters Holdings LTD)
Redemption, Investment and Substitution of Assets. (a) The Trustee shall shall, upon call or at maturity of any Asset, surrender for payment all maturing Assets and all Assets called such Asset for redemption (or payment and provide written notice to the Beneficiary to that effect) and shall deposit the principal amount of the proceeds of any such redemption or payment to in the Trust Account.
Appears in 2 contracts
Samples: Reinsurance Trust Agreement, Reinsurance Trust Agreement (Gainsco Inc)
Redemption, Investment and Substitution of Assets. (a) The Trustee shall surrender for payment all maturing Assets and all Assets called for redemption (and provide written notice to the Beneficiary to that effect) and deposit the principal amount of the proceeds of any such payment to the Trust Accounttrust fund.
Appears in 1 contract
Samples: Trust Agreement (Platinum Underwriters Holdings LTD)
Redemption, Investment and Substitution of Assets. (a) The Trustee shall surrender for payment all maturing Assets assets and all Assets assets called for redemption (and provide written notice to the Beneficiary to that effect) and deposit the principal amount of the proceeds of any such payment to the Trust Accounttrust fund.
Appears in 1 contract
Samples: Trust Agreement (Platinum Underwriters Holdings LTD)
