Trust Account Creation and Funding Provisions. A. On or prior to the date hereof, each Subscribing Reinsurer has entered into, or shall enter into, a Master Reinsurance Trust Agreement (the "Trust Agreement") in the form attached as Exhibit C to such Subscribing Reinsurer's Interests and Liabilities Agreement. On the date hereof, each Subscribing Reinsurer shall deposit in the trust account established thereunder (the "Trust Account") an amount equal to its Trust Funding Obligations (as defined below), determined solely with respect to this Contract and the Policy. Each Subscribing Reinsurer shall at all times maintain on deposit in the Trust Account Assets (as defined in the Trust Agreement) which have a fair market value equal to such Subscribing Reinsurer's Trust Funding Obligations.
Trust Account Creation and Funding Provisions. A. On or prior to the date hereof, each Subscribing Reinsurer has entered into, or shall enter into, a Master Reinsurance Trust Agreement (the "Trust Agreement") in the form attached as Exhibit C to such Subscribing Reinsurer's Interests and Liabilities Agreement. On the date hereof, each Subscribing Reinsurer shall deposit in the trust account established thereunder (the "Trust Account") an amount equal to its Trust Funding Obligations (as defined below), determined solely with respect to this Contract and the Policy. Each Subscribing Reinsurer shall at all times maintain on deposit in the Trust Account Assets (as defined in the Trust Agreement) which have a fair market value equal to such Subscribing Reinsurer's Trust Funding Obligations. No party other than the Subscribing Reinsurer and the Beneficiary shall have any rights to the Trust Account as such rights are described in the Trust Agreement.
B. Each Subscribing Reinsurer's Trust Funding Obligations shall be equal to the sum, with respect to the Policy and each additional insurance policy (an "Additional Policy" and together with the Policy, the "Reinsured Policies"), if any, issued by the Company and each Additional Policy issued by Mangrove Cell 6 IC, an incorporated protected cell of Mangrove Insurance Solutions, PCC, a sponsored captive insurance company organized under the laws of the District of Columbia or any other protected cell (an "Other Company"), in each case, to the Insured and reinsured by the Subscribing Reinsurer under a reinsurance agreement (an "Additional Reinsurance Contract" and together with this Contract, the "Subscribing Reinsurance Contracts"), of the products of (i) such Subscribing Reinsurer's percentage share under this Contract or such Additional Reinsurance Contract, as applicable, multiplied by (ii) the Insurer's Deal Percentage as identified in the relevant Policy, or if not identified, 100%, multiplied by (iii) the Limit of Liability under the Policy or such Additional Policy, as applicable, and as such term is defined therein, multiplied by (iv) the "Required Collateral Percentage" identified on Schedule 1 to this Contract or in such Additional Reinsurance Contract, as applicable; provided, that (a) if a Termination Event has occurred with respect to a Subscribing Reinsurer, such Subscribing Reinsurer's Trust Funding Obligations shall not be less than the sum of, with respect to each Reinsured Policy and corresponding Subscribing Reinsurance Contract, the products ...
