Reserve Trust Account definition

Reserve Trust Account means an account in the name of the Issuer with Ogier referencing the Programme.
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Reserve Trust Account means an account in the name of the Issuer with Elian SPV Services Limited referencing the Programme.
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Reserve Trust Account means the trust account established pursuant to the Reserve Trust Agreement.
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Examples of Reserve Trust Account in a sentence

  • The Notice of Intention shall specify the date on which the Grantor intends the Reserve Trust Account to terminate (the "Proposed Date").

  • Upon the reasonable written request of the Grantor or the Beneficiary, the Trustee shall promptly permit the Grantor or the Beneficiary, their respective agents, employees or independent auditors to examine, audit, excerpt, transcribe and copy, at their own expense, during the Trustee's normal business hours any books, documents, papers and records relating to the Reserve Trust Account or the Assets.

  • From and after the date hereof, the Reinsurer will not grant any further security interest in, or lien on, the assets in the SLDI Reserve Trust Account or the SLDI Security Trust Account.

  • The assets held in the SLDI Reserve Trust Account shall be valued at their fair market value as of the date as of which such assets are required to be valued.

  • The assets that may be held in the SLDI Reserve Trust Account (the "Eligible Assets") shall consist of cash and investments of the type permitted by Bermuda Law; provided, that (i) each such investment that is a security is issued by an institution that is not the Reinsurer, the Company or an Affiliate of either party, and (ii) such investments comply with the requirements specified by the Eligible Asset Guidelines as set forth on Schedule 4.4.

  • Prior to depositing assets in the SLDI Reserve Trust Account, Reinsurer will execute assignments or endorsements in blank, or transfer legal title to the trustee of all shares, obligations or any other assets requiring assignments, in order that the Company, or the trustee upon the direction of the Company, may whenever necessary negotiate these assets without the consent or signature from the Reinsurer or any other entity.

  • From and after the date hereof, the Reinsurer will not authorize the filing of any other financing statement with respect to any asset in the SLDI Reserve Trust Account or the SLDI Security Trust Account, nor authorize the granting of "control" (as defined in the UCC) over any of such asset to any Person other than the Company.

  • The Reinsurer shall maintain Eligible Assets in the SLDI Reserve Trust Account with an aggregate fair market value at least equal to the Required Balance.

  • In accordance with the Asset Purchase Agreement, the Reinsurer, as grantor, is creating the SLDI Reserve Trust Account with a trustee approved by the Company, naming the Company as sole beneficiary thereof.

  • The trustee shall hold assets in the SLDI Reserve Trust Account pursuant to the terms of the SLDI Reserve Trust Agreement.


More Definitions of Reserve Trust Account

Reserve Trust Account means the account established pursuant to this Agreement by the Grantor with the Trustee as Account No. 327695.
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Reserve Trust Account shall have the meaning specified in the preamble.
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Reserve Trust Account shall have the meaning specified in the preamble. The term "Reserve Credit" means full statutory financial statement credit for the reinsurance ceded to the Grantor under the Reinsurance Agreement in the Beneficiary's NAIC Annual Statement Blank and in all statutory financial statements of the Beneficiary required to be filed with the Governmental Body charged with supervision of insurance companies in the State of Connecticut. The term "Reserve Credit Event" means any event that would cause the Beneficiary to not be permitted to receive Reserve Credit on any of its statutory financial statements provided that such event has not been remedied prior to the last calendar day of the calendar quarter in which such event occurs. The term "S&P" shall mean Standard & Poor's Ratings Services, a Standard & Poor's Financial Services LLC business, or any successor thereto. The term "Security Entitlement" shall mean "security entitlement" as defined in the UCC. The term "Statutory Book Value" shall mean, with respect to any Eligible Asset, the dollar amount thereof stated on the statutory financial statements as admitted assets of the Grantor, as determined in accordance with the statutory accounting requirements in the Grantor's state of domicile, but disregarding any prescribed or permitted practices applicable to the Grantor. The term "Termination Date" shall have the meaning specified in Section 12(b) of this Agreement. The term "Termination Notice" shall have the meaning specified in Section 12(b) of this Agreement. The term "Third Party Appraiser" shall mean a nationally recognized independent appraisal firm which is mutually acceptable to the Grantor and the Beneficiary or, if the Grantor and the Beneficiary are unable to agree on such an appraisal firm, an independent appraisal firm selected by mutual agreement of the Grantor's and the Beneficiary's independent accountants. The term "Triggering Event" shall mean means either of the following occurrences: (a) the Grantor's RBC Ratio falls below 300% as of a quarter-end and the Grantor has not cured such shortfall as of the applicable RBC Reporting Deadline; provided, that in the event there is a material change in the factors and formulae prescribed by the insurance regulatory authority in the Grantor's state of domicile with respect to the components of and methodologies contained in such calculation, the parties hereto shall amend this Agreement to incorporate an alternate calculation that is reasonably equiv...
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