Common use of No Triggering Event Clause in Contracts

No Triggering Event. Since the date of this Agreement, there shall not have occurred any event that, assuming the Reinsurance Agreements were in force, would result in or would reasonably be expected to result in a Triggering Event or Recapture Triggering Event (as each such term is defined in the Reinsurance Agreements) that is continuing as of the Closing Date (without regard to any applicable cure period provided for in the Reinsurance Agreements).

No Triggering Event. Since the date of this Agreement, there shall not have occurred any event that, assuming the Reinsurance Agreements were in force, would result in or would reasonably be expected to result in constitute a Triggering Event or Recapture Triggering Event (as each such term is defined in the Reinsurance Agreements) that is continuing as of the Closing Date (without regard to any applicable cure period provided for in the Reinsurance Agreements).