Examples of Required Balance in a sentence
To the extent such aggregate fair market value of such assets exceeds the greater of (a) 102% of the Obligations and (b) the Trust Required Balance as of the last day of such month, the Reinsurer may request the Trustee with the consent of the Company to effect the withdrawal of such excess from the Trust Account, such of the Company not to be unreasonably or arbitrarily withheld, conditioned or delayed.
Within 10 days after delivery of each such report in respect of such calendar month, the Reinsurer shall deposit additional assets complying with Section 5.04 if required, such that the fair market value of the assets on deposit in the Trust Account is equal to the greater of (a) the Obligations and (b) the Trust Required Balance as of the last day of such month.
On the date during which such applicable Effective Time occurs, the Ceding Company shall cause the transfer of assets agreed to by the Assuming Company with a Statutory Book Value equal to the Required Balance with respect to such Novated Contracts from the Trust Account to the Assuming Company.