Common use of Right of Recapture or Trust Clause in Contracts

Right of Recapture or Trust. At any time after the occurrence (or nonoccurrence, as the case may be) of any of the following, the Company shall have the right, upon delivery of written notice to the Reinsurer, to (i) recapture any and all of the Policies in a manner provided for in Section 9.02, or (ii) require that the Reinsurer establish a trust in a manner provided for in Section 9.03:

Right of Recapture or Trust. At any time after the occurrence (or nonoccurrence, as the case may be) of any of the following, the Company shall have the right, upon delivery of written notice to the Reinsurer, to (i) recapture any and all of the Policies in a manner provided for in Section 9.02, or (ii) require that the Reinsurer establish a trust in reasonably acceptable to the Company (the "Trust") and deposit Qualifying Assets therein having a manner provided for in Section 9.03fair market value equal to the amount of the general account Statutory Reserves:

Right of Recapture or Trust. At any time after the --------------------------- occurrence (or nonoccurrence, as the case may be) of any of the following, the Company shall have the right, upon delivery of written notice to the Reinsurer, to (i) recapture any and all of the Policies in a manner provided for in Section 9.02, or (ii) require that the Reinsurer establish a trust in reasonably acceptable to the Company (the "Trust") and deposit Qualifying Assets therein having a manner provided for in Section 9.03fair market value equal to the amount of the general account Statutory Reserves with respect to the Policies: