Common use of Termination of Trust Account Clause in Contracts

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. Following (i) the recapture of Reinsured Risks hereunder pursuant to Section 8.03 8.3 and the payment in full of the Recapture Terminal Settlements thereof (including the resolution of all disputed items in accordance with Section 8.04(c8.4(c)) or (ii) a termination of this Agreement Reinsured Risks hereunder pursuant to Section 8.05 8.5 and the payment in full of the Termination Terminal Settlements thereof (including the resolution of all disputed items in accordance with Section 8.06(c8.6(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.