The Trust Account. The Trustees shall, upon issuance of the STRYPES, establish with the Paying Agent an account to be called the "Trust Account". All moneys received by the Trustees in respect of the Contract, the U.S. Treasury Securities and any Temporary Investments held pursuant to Section 3.4 hereof, all moneys received from the sale of the STRYPES to the Sponsors, and any proceeds from the sale of the STRYPES to the Underwriters after the purchase of the Contract and the U.S. Treasury Securities shall be credited to the Trust Account.
The Trust Account. On the date hereof there shall be established and, at all times thereafter until the trusts created by this Agreement shall have terminated, there shall be maintained with the Collateral Agent an account that shall be entitled the “AK Steel Collateral Trust” (the “Trust Account”). The Trust Account shall be established and maintained by the Collateral Agent at its designated corporate trust offices. All moneys that are received by the Collateral Agent after the occurrence of an Actionable Default in connection with any collection, sale, foreclosure or other realization upon any Collateral shall be deposited in the Trust Account and thereafter shall be held and applied by the Collateral Agent in accordance with the terms of this Agreement. To the extent necessary, appropriate or desirable, the Collateral Agent from time to time may establish sub-accounts as part of the Trust Account for the purpose of better identifying and maintaining proceeds of Collateral, all of which sub-accounts shall be treated as and be deemed equivalent to, the Trust Account for all purposes hereof.
The Trust Account. The Trustees shall, upon issuance of the Securities, establish with the Paying Agent an account to be called the "Trust Account". All moneys received by the Trustees in respect of the Contract, the Treasury Securities, any other U.S. Government Securities delivered to the Trust and any Temporary Investments held pursuant to Section 3.5, all moneys received from the sale of the Securities to the Sponsor, and any proceeds from the sale to the Underwriters of the Securities remaining after the purchase of the Contract and the Treasury Securities shall be credited to the Trust Account.
The Trust Account. 13 Section 3.02.
The Trust Account. The Trustees shall, upon issuance of the Securities, establish with the Paying Agent an account to be called the "Trust Account". All moneys received by the Trustees in respect of the Contracts, the Treasury Securities, any other U.S. Treasury securities delivered to the Trust and any Temporary Investments held pursuant to Section 3.5 hereof, all moneys received from the sale of the Securities to the Sponsor, and any proceeds from the sale to the Underwriters of the Securities after the purchase of the Contracts and the Treasury Securities and the payment of the Trust's expenses described in Section 3.2 hereof shall be credited to the Trust Account.
The Trust Account. The Trustees shall, upon issuance of the TrUEPrS, establish with the Paying Agent an account to be called the "Trust Account". All moneys received by the Trustees in respect of the Debt Securities and the Jersey Preference Shares, and all moneys received from the sale of the TrUEPrS to the Sponsor, shall be credited to the Trust Account, which shall be non-interest bearing.
The Trust Account. The Trustees shall, upon issuance of the TIMES, establish with the Paying Agent an account to be called the "Trust Account". All moneys received by the Trustees in respect of the Contract, the Treasury Securities and any Temporary Investments held pursuant to Section 3.5 hereof, all moneys received from the sale of the TIMES to the Sponsor, and any proceeds from the sale to the Underwriters of the TIMES after the purchase of the Contract and the Treasury Securities and the payment of the Trust's expenses described in Section 3.2 hereof shall be credited to the Trust Account.
The Trust Account. (a) On the Closing Date, the Trust Account shall be funded as follows:
(i) Cedent shall place in the Trust Account cash and/or "Acceptable Investments" (as such term is defined under the Trust Agreement, and together with cash, "Qualifying Assets") in an amount equal to Royal's estimate of the Net Unearned Premium Reserve less the amount of the Aggregate Ceding Commission; provided, however, Cedent shall not be required to place Qualifying Assets into the Trust Account in excess of the amount actually collected in respect of the Net Unearned Premium Reserve by Cedent at or prior to the Closing Date less the amount of the Aggregate Ceding Commission; and provided, further, with respect to premium actually collected by RSUI at or prior to the Closing Date in respect of the Net Unearned Premium Reserve and not paid to Cedent, Cedent shall cause RSUI to place, on the Closing Date, Qualifying Assets in such amount into the Trust Account.
(ii) Cedent shall assign to the Trust Account all Premium Receivables net of premium receivables to be ceded to the Unaffiliated Reinsurers with respect to such Reinsured Contracts (the "Net Premium Receivables") in accordance with the Assignment of Net Premium Receivables Agreement attached hereto as EXHIBIT C. Net Premium Receivables which are actually collected shall be referred to herein as the "Collected Net Premium."
(iii) Reinsurer shall place in the Trust Account Qualifying Assets in an amount equal to the Aggregate Ceding Commission.
(iv) Reinsurer shall assign to the Trust Account all reinsurance recoverables of the Reinsurer relating to the catastrophe excess of loss reinsurance purchased with respect to the Reinsured Contracts (the "Cat Cover Reinsurance Recoverables") in accordance with the Assignment of Reinsurance Recoverables Agreement attached hereto as EXHIBIT D.
(b) At any time on and after the Closing Date, until the Trust Agreement is terminated pursuant to the provisions found therein, Cedent and Reinsurer agree to the following:
(i) Cedent shall, and Reinsurer shall cause RSUI to place in the Trust Account all Collected Net Premium as soon as practicable upon receipt of the Collected Net Premium, but no later than five (5) Business Days after receipt of such Collected Net Premium.
(ii) In the event Cedent reasonably determines that any portion of the Net Premium Receivables is uncollectible, Reinsurer shall place in the Trust Account Qualifying Assets equal to the amount of the Net Premium Receivables whi...
The Trust Account. Positive balances shown in your online Account represent Funds actually held by the Bank in the Trust Account. The Bank will hold title to all Funds deposited in the Trust Account for the proportionate benefit of the ArbiterPay Payors as shown on the records maintained by ArbiterPay or the Bank, as applicable. The Funds will be held in the Trust Account until such time as you direct the Bank through the Website to make Payments to specific ArbiterPay Users and such Payments are requested by and distributed to the respective ArbiterPay User. By depositing Funds and providing Payment information on the Website, you are authorizing the Bank and ArbiterPay, acting as your designated agent, to make Payments from the Trust Account as described in this Agreement.
The Trust Account. On the date hereof there shall be established and, at all times thereafter until the trusts created by this Agreement shall have terminated, there shall be maintained with the Collateral Agent an account that shall be entitled the “Xxxxxxx Kodak Company Second Lien Collateral Trust” (the “Trust Account”). The Trust Account shall be established and maintained by the Collateral Agent at its corporate trust offices. All moneys that are received by the Collateral Agent after the occurrence of an Actionable Default in connection with any collection, sale, foreclosure or other realization upon any Second Lien Collateral shall be deposited in the Trust Account and thereafter shall be held and applied by the Collateral Agent in accordance with the terms of this Agreement and the Intercreditor Agreement. To the extent necessary, appropriate or desirable, the Collateral Agent from time to time may establish sub-accounts as part of the Trust Account for the purpose of better identifying and maintaining proceeds of Second Lien Collateral, all of which sub-accounts shall be treated as and be deemed equivalent to, the Trust Account for all purposes hereof.
