New York Trust Agreement definition

New York Trust Agreement means the Company’s Declaration of Trust, dated October 10, 1994, creating a trust in accordance with the New York Insurance Law.
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New York Trust Agreement means the New York Regulation 114 Trust Agreement in the form set forth in Exhibit B.
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New York Trust Agreement shall have the meaning ascribed to it in the Preamble.
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Examples of New York Trust Agreement in a sentence

  • The New York Trust Agreement shall contain those provisions necessary to effect the terms and conditions of this New York Reinsurance Agreement and shall comply with the requirements of the State of New York, including New York Insurance Regulation 114.

  • This New York Trust Agreement may not be amended, supplemented or otherwise modified except by a written agreement that identifies itself as an amendment to this New York Trust Agreement executed by the Parties.Section 6.5 Governing Law .

  • Grantor also shall ensure that (i) all Assets transferred to Trustee for deposit in the Trust Account will consist only of Eligible Assets, and (ii) each such Asset shall be at the time of transfer free and clear of all claims, liens, interests and encumbrances whatsoever (other than those arising under this New York Trust Agreement).

  • If any provision of this New York Trust Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this New York Trust Agreement shall remain in full force and effect.

  • No waiver shall be effective unless it is in writing and signed by the Party granting the waiver.[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK;SIGNATURES APPEAR ON FOLLOWING PAGE]10IN WITNESS WHEREOF, the Parties have caused this New York Trust Agreement to be executed by their respective duly authorized officers on the dates indicated below with an Effective Date of February 18, 2014.

  • Reinsurer shall establish in accordance with such New York Trust Agreement a trust account (the “Reg 114 Trust Account”) with an independent financial institution reasonably acceptable to New York Ceding Company for the sole use and benefit of New York Ceding Company, for so long as there are New York Insurance Policies reinsured under this New York Reinsurance Agreement.

  • Grantor agrees to pay all costs, fees and expenses charged by Trustee for acting as Trustee pursuant to this New York Trust Agreement, including costs, fees and expenses incurred by Trustee for legal services deemed necessary by Trustee as a result of Trustee’s so acting; provided however , that no such costs, fees or expenses shall be paid out of the Assets.

  • The provisions of this Section 4.5 shall survive the termination of this New York Trust Agreement or the earlier resignation or removal of Trustee.Section 4.6 Indemnification of Trustee .

  • Subject to Section 3.2 of this New York Trust Agreement, Trustee shall allow no substitution or withdrawal of any Asset from the Trust Account in the absence of a Withdrawal Notice.

  • Any provision of this New York Trust Agreement held invalid or unenforceable only in part or degree shall remain in full force and effect to the extent not held invalid or unenforceable.Section 6.8 Waiver of Breach .


More Definitions of New York Trust Agreement

New York Trust Agreement means the New York Regulation 114 Trust Agreement in the form set forth in Exhibit B .
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New York Trust Agreement means the New York Regulation 114 Trust Agreement in the form set forth in Exhibit B. “Party” or “Parties” shall have the meaning ascribed to it in the Preamble. “Person” means any individual, corporation, partnership, limited partnership, joint venture, limited liability company, trust or unincorporated organization or Governmental Authority or any other entity. “Qualifying Trust Assets” shall have the meaning ascribed to it in Section 4.2(c). “Quarterly Reports” shall have the meaning ascribed to it in Section 4.5. “Reg 114 Trust Account” shall have the meaning ascribed to it in Section 4.2(a). “SHIP” means Senior Health Insurance Company of Pennsylvania. “Supplemental Trust Account” shall have the meaning ascribed to it in Section 4.3(a). “Special Considerations Letter” means the letter published each year by the New York Department of Financial Services regarding special considerations relating to year-end reserves and other solvency issues. “Third Party Accountant” means a nationally recognized independent accounting firm which is mutually acceptable to New York Ceding Company and Reinsurer, or, if New York Ceding Company and Reinsurer are unable to agree on such an accounting firm, an independent accounting firm selected by mutual agreement of New York Ceding Company’s and Reinsurer’s independent auditors. 4 “Trust Amount” means pursuant to Section 4.1, the book value of the statutory reserves necessary for New York Ceding Company to take full statutory credit for the reinsurance ceded pursuant to this New York Reinsurance Agreement. “WNIC” shall have the meaning ascribed to it in the Recitals. “WNIC Indemnity Reinsurance Agreement” means that certain Indemnity Reinsurance Agreement, dated as of [•], 2013, by and between WNIC and Beechwood Re Ltd. “WNIC Supplemental Trust Account” shall have the meaning ascribed to it in Section 4.3(f). Article II
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Related to New York Trust Agreement

  • Trust Agreement means this Amended and Restated Trust Agreement, as the same may be modified, amended or supplemented in accordance with the applicable provisions hereof, including all exhibits hereto, including, for all purposes of this Trust Agreement and any such modification, amendment or supplement, the provisions of the Trust Indenture Act that are deemed to be a part of and govern this Trust Agreement and any such modification, amendment or supplement, respectively.

  • Original Trust Agreement has the meaning specified in the recitals to this Trust Agreement.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

  • Collateral Trust Agreement means the Collateral Trust Agreement, dated as of the date hereof, among, among others, the Borrower, the subsidiaries of the Borrower party thereto from time to time as grantors, the MIP Shareholders party thereto from time to time and GLAS Trust Company LLC, in its respective capacities, including as Collateral Trustee.

  • Class A Trust Agreement Has the meaning specified in the Intercreditor Agreement.

  • Initial Trust Agreement shall have the meaning assigned to such term in Section 2.12 of the Trust Agreement.

  • Titling Trust Agreement means the Amended and Restated Trust and Servicing Agreement, dated as of August 26, 1998, among NILT Trust, as the Grantor and the UTI Beneficiary, the Servicer, the Delaware Trustee, the Titling Trustee and the Trust Agent.

  • Vehicle Trust Agreement means that certain amended and restated trust agreement, dated as of September 27, 1996, as further amended as of May 25, 2000 and December 1, 2006 between BMW Manufacturing L.P., as grantor and initial beneficiary, and BNY Mellon Trust of Delaware, formerly known as The Bank of New York (Delaware), as trustee.

  • Voting Trust Agreement means the Voting Trust Agreement entered into ---------------------- as of April 15, 1996 by and among Xxxxxx X. Xxxx; Xxxxx X. Xxxx, Xx.; Xxxxx X. Xxxx, Xx.; and F. Xxxxxx Xxxxxxx as the Voting Trustees and the stockholders of LSAI Holding Corp. who are parties thereto.

  • Class B Trust Agreement “Class B Trustee”, “Closing Date”, “Continental”, “Continental Bankruptcy Event”, “Controlling Party”, “Corporate Trust Office”, “Delivery Period Expiry Date”, “Downgraded Facility”, “Downgrade Event”, “Equipment Notes”, “Fee Letter”, “Final Legal Distribution Date”, “Financing Agreement”, “Investment Earnings”, “Liquidity Facility”, “Liquidity Obligations”, “Loan Trustee”, “Non-Extended Facility”, “Note Purchase Agreement”, “Operative Agreements”, “Participation Agreement”, “Performing Equipment Note”, “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Scheduled Payment”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, and “Underwriting Agreement”.

  • Litigation Trust Agreement means the trust agreement dated as of the Plan Implementation Date, between SFC and the Litigation Trustee, establishing the Litigation Trust.

  • SUBI Trust Agreement means the Vehicle Trust Agreement as supplemented by that certain supplement, dated as of September 23, 2010, among the parties to the Vehicle Trust Agreement, as amended or supplemented from time to time.

  • Trust Agreements shall have the meanings ascribed to them in the introductory paragraph of the Authorized Participant Agreement.

  • Pass Through Trust Agreement means each of the two separate Trust Supplements relating to the Pass Through Trusts, together in each case with the Basic Pass Through Trust Agreement, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Supplemental Trust Agreement means any trust agreement then in full force and effect which has been duly executed and delivered by the Authority and the Trustee amendatory hereof or supplemental hereto; but only if and to the extent that such Supplemental Trust Agreement is executed and delivered pursuant to the provisions hereof.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Basic Pass Through Trust Agreement means the Pass Through Trust Agreement, dated October 3, 2012, between Owner and Pass Through Trustee, but does not include any Trust Supplement.

  • Security Trust Agreement means that certain security trust agreement dated on or about the Merger Closing Date made between the Security Trustee and the Lenders and relating to the appointment of the Security Trustee as trustee of the Security.

  • Principal Trust Deed means the principal trust deed 17 April 2013 between the Lender and the Trustee, as it may be amended or supplemented from time to time.

  • Trust Agent means U.S. Bank, as Trust Agent under the Titling Trust Agreement.

  • Voting and Exchange Trust Agreement means the voting and exchange trust agreement to be made among Parent, CallCo, the Company and the Share Trustee in connection with the Plan of Arrangement substantially in the form of Exhibit D to the Transaction Agreement, as may be amended, supplemented or otherwise modified from time to time in accordance with its terms.

  • Trustee Agreement means the trustee agreement entered into on or before the Issue Date, between the Issuer and the Trustee, or any replacement trustee agreement entered into after the Issue Date between the Issuer and a trustee, regarding, inter alia, the remuneration payable to the Trustee or a replacement trustee.

  • Trust Common Securities means the securities representing common undivided beneficial interests in the assets of the Trust.

  • Original Declaration of Trust shall have the meaning set forth in the recitals to this Declaration of Trust;