Common use of Withdrawals from Trust Account Clause in Contracts

Withdrawals from Trust Account. (a) The Ceding Company and the Reinsurer agree that the assets maintained in the Trust Account may be withdrawn by the Ceding Company, or any successor by operation of law of the Ceding Company including, without limitation, any liquidator, rehabilitator, receiver or conservator of the Ceding Company, without diminution because of insolvency on the part of the Ceding Company or the Reinsurer, in accordance with the terms of the Trust Agreement, for one or more of the following purposes:

Withdrawals from Trust Account. (a) The Ceding Company and the Reinsurer agree that the assets maintained in the Trust Account may be withdrawn by the Ceding Company, or any successor by operation of law of the Ceding Company including, without limitation, any liquidator, rehabilitator, receiver or conservator of the Ceding Company, without diminution because of insolvency on the part of the Ceding Company or the Reinsurer, in accordance with the terms of the Trust Agreement, Agreement for one or more of the following purposes: