Tail Loss Trustee definition

Tail Loss Trustee means the Trustee identified in the Tail Loss Trust Agreement.
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Examples of Tail Loss Trustee in a sentence

  • The Company shall calculate and report amounts in the Tail Loss Trust to the Subscribing Reinsurer and the Tail Loss Trustee on the thirtieth (30th) day of the calendar month immediately following the month in which any claim is paid from the Tail Loss Trust.

  • The Tail Loss Trust Agreement shall be in a form similar to the Reinsurance Trust Agreement with such changes as necessary to be consistent with the terms of this Article and as mutually agreed between the Parties, and shall be subject only to changes that may be requested by the Tail Loss Trustee.

  • In the event the balance of the Tail Loss Trust is insufficient to cover the Subscribing Reinsurer's claims liabilities under this Contract relating to Tail Loss Loans, the Subscribing Reinsurer, immediately upon notification by the Company or the Tail Loss Trustee, shall make payment of such deficiency in accordance with paragraph D of the Reports and Remittances Article in fulfillment of its obligations under this Contract.

  • The Company shall instruct the Tail Loss Trustee to release the remaining monies in the Tail Loss Trust to the Subscribing Reinsurer within twenty (20) business days of the Tail Loss Termination Date.

Related to Tail Loss Trustee

  • NIM Trustee The trustee for the NIM Securities.

  • Insurance Trustee means an entity authorized to carry on the business of a trust company under the laws of Alberta selected from time to time on resolution of the Board, whose duties include the receiving, holding and disbursing of proceeds of policies of insurance pursuant to these Bylaws and the Act. If no Insurance Trustee is appointed, then the Insurance Trustee shall be the Board;

  • Escrow Trustee means the bank or trust company designated by the Fiscal Officer in the Certificate of Award as the initial escrow agent with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and, thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee.

  • Subordination Agent Has the meaning specified in the Intercreditor Agreement.

  • Insured Person s year” means a year from the date of commencement of the insured person’s policy, or from the anniversary date of the commencement of the insured person.

  • Bond Trustee means the company designated as such in the preamble to these Bond Terms, or any successor, acting for and on behalf of the Bondholders in accordance with these Bond Terms.

  • Owner Trustee means Wilmington Trust Company, a Delaware trust company, not in its individual capacity but solely as owner trustee under this Agreement, and any successor Owner Trustee hereunder.

  • R&W Insurer means AIG Specialty Insurance Company.

  • Liquidating Agent has the meaning specified in Section 7.2(a).

  • Successor Servicer means any entity appointed as a successor to the Servicer pursuant to Section 8.02.

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

  • Litigation Trustee means a Person to be determined by SFC and the Initial Consenting Noteholders prior to the Effective Time, with the consent of the Monitor, to serve as trustee of the Litigation Trust pursuant to and in accordance with the terms thereof.

  • Annuity issuer means an insurer that has issued a contract to fund periodic payments under a structured settlement.

  • Extraordinary Trust Fund Expense Any amounts reimbursable to the Trustee, or any director, officer, employee or agent of the Trustee, from the Trust Fund pursuant to Section 8.05, any amounts payable from the Distribution Account in respect of taxes pursuant to Section 10.01(g)(iii) and any amounts payable by the Trustee for the recording of the assignments of mortgage pursuant to Section 2.01.

  • Extraordinary Trust Fund Expenses Any amounts reimbursable to the Master Servicer or the Depositor pursuant to Section 6.03, any amounts payable from the Distribution Account in respect of taxes pursuant to Section 10.01(g)(iii), any amounts reimbursable to the Trustee, the Trust Administrator, Citibank or a Custodian from the Trust Fund pursuant to Section 2.01 or Section 8.05 and any other costs, expenses, liabilities and losses borne by the Trust Fund (exclusive of any cost, expense, liability or loss that is specific to a particular Mortgage Loan or REO Property and is taken into account in calculating a Realized Loss in respect thereof) for which the Trust Fund has not and, in the reasonable good faith judgment of the Trust Administrator, shall not, obtain reimbursement or indemnification from any other Person.

  • Trustee means any person, including the founder of a trust, to whom property is bequeathed in order for such property to be administered for the benefit of another person.

  • Fidelity Bond A fidelity bond to be maintained by the Servicer pursuant to Section 4.12.

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • Replacement Agent means the Fiscal Agent or, in respect of any Tranche of Notes, the Paying Agent named as such in the relevant Final Terms or Drawdown Prospectus (as the case may be);

  • Commercial Shared-Loss Agreement means the Commercial Shared-Loss Agreement attached to the Purchase and Assumption Agreement as Exhibit 4.15B.

  • Appointed Trustee means each person acting in a Corporate Trust Capacity under each applicable Corporate Trust Contract.

  • Insured Persons means the person/s named in the Schedule to the Policy, who is/are Indian Resident /s and for whom the insurance is also proposed and appropriate premium paid.

  • Administrative Trustee means each of the Persons identified as an “Administrative Trustee” in the preamble to this Trust Agreement, solely in each such Person’s capacity as Administrative Trustee of the Trust and not in such Person’s individual capacity, or any successor Administrative Trustee appointed as herein provided.