Reinsurance Credit Event definition

Reinsurance Credit Event has the meaning set forth in Section 4.01.

Reinsurance Credit Event shall have the meaning provided in the Reinsurance Agreement.

Reinsurance Credit Event shall have the meaning set forth in Section 10.01.

Examples of Reinsurance Credit Event in a sentence

• In accordance with the requirements of the Collateral Trust Agreement, unless there is a Collateral Triggering Event or a Reinsurance Credit Event, the Reinsurer shall not be required to deposit additional assets into the Collateral Trust Account after the Closing Date.

• Upon the occurrence of a Reinsurance Credit Event, however, in accordance with the requirements of the Collateral Trust Agreement and Section 9.6 herewith, the assets in the Collateral Trust Account shall consist of Permitted Investments.

• Such notice shall indicate whether the Reinsurance Credit Event resulted or is likely to result from any financial impairment of the Reinsurer or from other causes.

• By: Name: Title: CNA INSURANCE COMPANY LIMITED By: Name: Title: NATIONAL INDEMNITY COMPANY By: Name: Title: CONFIDENTIAL Exhibit D Form of Reinsurance Credit Event II Trust Agreement SEE ATTACHED.

• Trust Assets by Reinsured Prior to the Occurrence of a Reinsurance Credit Event.

More Definitions of Reinsurance Credit Event

Reinsurance Credit Event means an event that causes the Company to be unable, for any reason attributable to the Reinsurer or to a change in Applicable Law, to take full statutory financial statement credit for the reinsurance provided by this Agreement.

Reinsurance Credit Event has the meaning set forth in Section 15.1(a).

Reinsurance Credit Event means any financial impairment of the Grantor that results in any Beneficiary being unable to obtain full statutory financial statement credit for the reinsurance provided by the LPT Reinsurance Agreement in any applicable United States jurisdiction at any point in time during the term of the LPT Reinsurance Agreement.

Reinsurance Credit Event means any event, other than the financial impairment of the Grantor, that results in the Beneficiary being unable to obtain full statutory financial statement credit for the reinsurance provided by the LPT Reinsurance Agreement in any applicable jurisdiction at any point in time during the term of the LPT Reinsurance Agreement.

Reinsurance Credit Event shall have the meaning set forth in the Retrocession Agreement

Reinsurance Credit Event has the meaning set forth in Section 15.1(a). “Reinsurance Credit Event I” has the meaning set forth in Section 9.6(a)(i). “Reinsurance Credit Event II” has the meaning set forth in Section 9.6(a)(i). “Reinsurance Credit Event II Trust Accounts” has the meaning set forth in Section 9.6(a)(iv). “Reinsurance Credit Event II Trust Agreement” has the meaning set forth in Section 9.6(a)(iii). “Reinsured” has the meaning set forth in the Preamble. The term “Reinsured” as used herein shall include any predecessor or successor of such companies, including by reason of merger, consolidation or otherwise. “Reinsured Contracts” means all policies, contracts, certificates, binders and cover notes of insurance or reinsurance issued by any Reinsured or CNA Insurer, or by any GRM Direct & Assumed, Syndicate, Pool or Association, covering or pertaining to the Business Covered. “Reinsured Liabilities” has the meaning set forth in Section 2.1. “Reinsurance Premium” has the meaning set forth in Section 3.1. 9

Reinsurance Credit Event is as defined in Article XV.