Common use of Tail Loss Trust Clause in Contracts

Tail Loss Trust. (Any capitalized terms not defined in this Article shall have the meanings otherwise ascribed to them under this Contract. The Company and the Subscribing Reinsurer(s) are sometimes each referred to in this Article as a "Party," and, collectively, as the "Parties.") X. Xxxxxxxx to the terms of this Article, the Subscribing Reinsurer(s) will fund the Tail Loss Trust in an amount equal to the Subscribing Reinsurer's Tail Loss Trust Funding Obligation, provided that the Insured, pursuant to the terms of the Policy, notifies the Company that (1) limit the Insured's Aggregate Retention (as defined in the Policy) under the Policy; (2) expand the Company's liability under the Policy, or; (3) expand the Reinsurer's liability under this Contract. B. As used in this Article: