Common use of Tail Loss Trust Agreement Clause in Contracts

Tail Loss Trust Agreement. The Tail Loss Trust Agreement shall be in a form similar to the Reinsurance Trust Agreement with such changes as necessary to be consistent with the terms of this Article and as mutually agreed between the Parties, and shall be subject only to changes that may be requested by the Tail Loss Trustee. The Parties agree to act reasonably and in good faith with respect to such requests in order to ensure that each Subscribing Reinsurer is able to satisfy its obligations hereunder to fund the Tail Loss Trust and to pay or reimburse the Company for the Subscribing Reinsurer's share of Claims (as defined in the Policy) paid or payable by the Company relating to Tail Loss Loans pursuant to the provisions of the Policy reinsured under this Contract from the Tail Loss Trust.