Common use of Withdrawal of Assets from the Trust Account Clause in Contracts

Withdrawal of Assets from the Trust Account. (a) Without notice to or the consent of the Grantor, the Beneficiary shall have the right, at any time and from time to time, to withdraw from the Trust Account upon written notice to the Trustee (the "Withdrawal Notice") such Assets as are specified in such Withdrawal Notice. The Withdrawal Notice may designate a third party (the "Designee") to whom Assets specified therein shall be delivered. The Beneficiary need present no statement or document in addition to a Withdrawal Notice in order to withdraw any Assets.

Appears in 2 contracts

Samples: Reinsurer Trust Agreement (Penn Treaty American Corp), Reinsurer Trust Agreement (Penn Treaty American Corp)

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Withdrawal of Assets from the Trust Account. (a) Without notice to or the consent of the Grantor, the Beneficiary shall have the right, at any time and from time to time, to withdraw from the Trust Account Account, upon written notice to the Trustee in substantially the form of Exhibit A hereto (the "a “Withdrawal Notice") ”), such Assets as are specified in such Withdrawal Notice. The Withdrawal Notice may designate a third party (the "Designee") to whom Assets specified therein shall be delivered. The Beneficiary need present no statement or document in addition to a Withdrawal Notice in order to withdraw any AssetsAssets from the Trust Account.

Appears in 1 contract

Samples: Trust Agreement (Horace Mann Life Insurance Co Separate Account)

Withdrawal of Assets from the Trust Account. (a) Without notice to or the consent of the Grantor, the Beneficiary shall have the right, at any time and from time to time, to withdraw from the Trust Account Account, upon written notice to the Trustee in substantially the form of Exhibit C hereto (the "a “Withdrawal Notice") ”), such Assets as are specified in such Withdrawal Notice. The Withdrawal Notice may designate a third party (the "Designee") to whom Assets specified therein shall be delivered. The Beneficiary need present no statement or document in addition to a Withdrawal Notice in order to withdraw any Assets.

Appears in 1 contract

Samples: Trust Agreement (Lincoln Life & Annuity Variable Annuity Account H)

Withdrawal of Assets from the Trust Account. (a) Without notice to or the consent of the Grantor, the Beneficiary shall have the right, at any time and from time to time, to withdraw from the Trust Account Account, upon written notice to the Trustee in substantially the form of Exhibit B hereto (the "a “Withdrawal Notice") ”), such Assets as are specified in such Withdrawal Notice. The Withdrawal Notice may designate a third party (the "Designee") to whom Assets specified therein shall be delivered. The Beneficiary need present no statement or document in addition to a Withdrawal Notice in order to withdraw any Assets.

Appears in 1 contract

Samples: Purchase Agreement (Tower Group, Inc.)

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Withdrawal of Assets from the Trust Account. (a) Without notice to or the consent of the Grantor, the Beneficiary shall have the right, at any time and from time to time, to withdraw from the Trust Account Account, upon written notice to the Trustee Trustee, substantially the form of Exhibit D hereto (the "Withdrawal Notice") ”), such Assets at Fair Market Value as are specified in such Withdrawal Notice. The Withdrawal Notice may designate a third party (the "Designee") to whom Assets specified therein shall be delivered. The Beneficiary need not present no any statement or document in addition to a Withdrawal Notice in order to withdraw any Assets.

Appears in 1 contract

Samples: Master Transaction Agreement (Cna Financial Corp)

Withdrawal of Assets from the Trust Account. (a) Without notice to or the consent of the Grantor, the Beneficiary shall have the right, at any time and from time to time, to withdraw from the Trust Account Account, upon written notice to the Trustee (the "“Beneficiary Withdrawal Notice") ”), such Assets as are specified in such Beneficiary Withdrawal Notice. The Beneficiary Withdrawal Notice may designate a third party (the "Designee") to whom Assets specified therein shall be delivered. The Beneficiary need present no statement or document in addition to a Beneficiary Withdrawal Notice in order to withdraw any Assets.. A copy of the form of the Beneficiary Withdrawal Notice is attached as Exhibit A.

Appears in 1 contract

Samples: Automatic Yrt Agreement (C M Life Variable Life Separate Account I)

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