Common use of Trust Account Distinguished Clause in Contracts

Trust Account Distinguished. The Tail Loss Trust shall be maintained separately from any other trust account established in connection with this Contract and any other Additional Reinsurance Contracts for which the Company is a beneficiary or co-beneficiary, and shall be subject to the Tail Loss Trust Agreement. For the avoidance of doubt, the Tail Loss Trust shall be in addition to and maintained apart from the Reinsurance Trust Account, which is subject to the Reinsurance Trust Agreement.

Appears in 7 contracts

Samples: capitalmarkets.fanniemae.com, capitalmarkets.fanniemae.com, capitalmarkets.fanniemae.com

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.