Common use of Trust Balance Clause in Contracts

Trust Balance. In the event the balance of the Tail Loss Trust is insufficient to cover the Subscribing Reinsurer's claims liabilities under this Contract relating to Tail Loss Loans, the Subscribing Reinsurer, immediately upon notification by the Company or the Tail Loss Trustee, shall make payment of such deficiency in accordance with paragraph D of the Reports and Remittances Article in fulfillment of its obligations under this Contract.

Appears in 7 contracts

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

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