Termination of Trust Account. Notwithstanding anything to the contrary herein, if, in the absence of a Triggering Event, the report required to be delivered by the Reinsurer as described in Section 5.7(a) demonstrates that the Required Balance is less than or equal to [REDACTED], then (a) the Reinsurer and the Ceding Company shall promptly deliver a joint notice to the Trustee to terminate the Trust Account and (b) the Reinsurer shall have no further obligation to maintain any asset in the Trust Account pursuant to this Agreement.
Termination of Trust Account. Notwithstanding anything to the contrary herein, if the report required to be delivered by the Reinsurer as described in Section 4.6 with respect to any Quarterly Accounting Period demonstrates that the sum of the Required Balance plus the amount of any outstanding Financed Amounts is less than or equal to $50,000,000, then (i) the Reinsurer and the Ceding Company shall promptly deliver a Notice of Minimum Balance to the Trustee and (ii) the Reinsurer shall have no further obligation to maintain any assets in the Trust Account pursuant to this Agreement.
Termination of Trust Account. Following (i) the recapture of Reinsured Risks hereunder pursuant to Section 8.03 and the payment in full of the Recapture Terminal Settlements thereof (including the resolution of all disputed items in accordance with Section 8.04(c)) or (ii) a termination of this Agreement pursuant to Section 8.05 and the payment in full of the Termination Terminal Settlements thereof (including the resolution of all disputed items in accordance with Section 8.06(c)), the Trust Account shall be terminated and any remaining amounts or amount held in trust pursuant to Article V shall be released to the Reinsurer. The Ceding Company shall promptly take all actions, including providing written consent to the Trustee, to permit such termination of the Trust Account and release of such assets to the Reinsurer.
Termination of Trust Account. Notwithstanding anything to the contrary herein, if, in the absence of a Triggering Event or Recapture Event, the Security Funding Report demonstrates that the Required Balance is less than or equal to $5 million, then (a) the Reinsurer and the Ceding Company shall promptly deliver a joint notice to the Trustee to terminate the Trust Account and (b) the Reinsurer shall have no further obligation to maintain any asset in the Trust Account pursuant to this Agreement.
Termination of Trust Account. Following the recapture of all Reinsured Risks hereunder pursuant to Section 8.3 and the payment in full of the Recapture Terminal Settlement thereof, the Trust Account shall be terminated and any remaining amounts or amount held in trust pursuant to Article V shall be released to the Reinsurer. The Ceding Company shall promptly take all actions, including providing written consent to the Trustee in a joint notice with the Reinsurer pursuant to Section 12 of the Trust Agreement, to permit such termination of the Trust Account and release of such assets to the Reinsurer.
Termination of Trust Account. Section 6.1 Termination with the Beneficiary's Written Consent. Upon receipt of the Beneficiary's written consent, the Grantor shall terminate this Agreement by:
(a) giving thirty five (35) days' advance written notice to the Trustee and the Trustee giving thirty (30) days' advance written notice of such termination via certified mail to the Beneficiary; and
(b) providing the Beneficiary with alternative security acceptable to the Beneficiary, in its sole discretion, prior to the effective date of termination. Upon such termination, the Trustee shall release Assets held and deposited under this Agreement to the Beneficiary and shall take any and all steps necessary to transfer absolutely and unequivocally all right, title and interest in such Assets and to deliver physical custody, if applicable, in such Assets to the Beneficiary or as otherwise directed by the Beneficiary.
Termination of Trust Account. Unless the Trust Agreement had been earlier terminated in accordance with Section 5.12, following the recapture or termination of this Agreement [***], the Trust Account shall be terminated and any remaining amounts or amount held in trust pursuant to Article V shall be released to the Reinsurer. The Ceding Company shall promptly take all actions, including providing written consent to the Trustee, to permit such termination of the Trust Account and release of such assets to the Reinsurer. The Ceding Company shall also return all Letters of Credit to the Reinsurer for cancellation.
ARTICLE IX. [***]
Section 9.1 [***]
Section 9.2 [***]
Section 9.3 [***] Section 9.4 [***]
Termination of Trust Account. At least 30 days, but not more than 45 days, prior to the termination of the Trust Account, written notice of termination shall be delivered by the Trustee to the Beneficiaries’ Agent
Termination of Trust Account. 45 Section 8.6. Reinsurer Termination for Non-Payment 45 Section 8.7. [***] 45 ARTICLE IX. INDEMNIFICATION 45
Termination of Trust Account. Notwithstanding anything to the contrary herein, if, prior to the occurrence of a Change in Control, the Required Balance as set forth in the report required to be delivered by the Reinsurer as described in Section 7.6 with respect to any Monthly Accounting Period is zero (the "Minimum Balance"), then (i) the Reinsurer and the Company shall promptly deliver a joint written notice to the Trustee to terminate the Trust Account, and (ii) the Reinsurer shall have no further obligation to maintain any assets in the Trust Account pursuant to this Agreement or the Trust Agreement.
