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. 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.
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. 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. 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:
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. I 1.1 The Trust Account for a Beneficiary shall terminate upon the death of the Beneficiary. The Trustee shall verify the death of the Beneficiary and shall promptlydetermine the principal balance of the Trust Account. After payment of taxes due from the Trust Account to the State and/or Federal governments, and after payment to the Trustee of reasonable fees and administrative expenses associated with the termination of the Trust Account, the remaining balance shall be distributed as follows:
Termination of Trust Account. Following (i) the recapture of all Reinsured Risks hereunder pursuant to Section 8.3 and (ii) the payment in full of the Recapture Terminal Settlements thereof (including the resolution of all disputed items in accordance with Section 8.4(c)), if any, 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.
