Common use of PAYMENTS; ADDITIONAL CONSIDERATIONS; ADMINISTRATION Clause in Contracts

PAYMENTS; ADDITIONAL CONSIDERATIONS; ADMINISTRATION. Payments by the Parties. Payments by the Parties at the Closing. On the Closing Date, the Ceding Company shall transfer, or shall cause to be transferred, to the Trust Account (on behalf of the Reinsurer) and, if applicable, to the Reinsurer, the Transferred Life Assets allocated to this Agreement as contemplated in Section 2.09(f) of the Master Transaction Agreement. On the Closing Date, the Reinsurer shall pay to the Ceding Company an amount equal to the Adjusted Ceding Commission as contemplated in Section 2.09(f) of the Master Transaction Agreement. On the Closing Date, the Reinsurer shall transfer cash and Eligible Assets to, or have a right to withdraw cash and Eligible Assets from, the Trust Account such that the aggregate Fair Market Value of cash and Eligible Assets in the Trust Account following such transfer or withdrawal is at least equal to the Estimated Required Balance. The Ceding Company shall take all actions reasonably requested by the Reinsurer to permit any such withdrawal by the Reinsurer on the Closing Date, including providing written consent to the Trustee.

PAYMENTS; ADDITIONAL CONSIDERATIONS; ADMINISTRATION. Payments by the Parties. Payments by the Parties at the Closing. On the Closing Date, the Ceding Company shall transfer, or shall cause to be transferred, to the Trust Account (on behalf of the Reinsurer) and, if applicable, to the Reinsurer, the Transferred Life Assets allocated to this Agreement as contemplated in Section 2.09(f) of the Master Transaction Agreement. On the Closing Date, the Reinsurer shall pay to the Ceding Company an amount equal to the Adjusted Ceding Commission as contemplated in Section 2.09(f) of the Master Transaction Agreement. On the Closing Date, the Reinsurer shall transfer cash and Eligible Assets to, or have a right to withdraw cash and Eligible Assets from, the Trust Account such that the aggregate Fair Market Value of cash and Eligible Assets in the Trust Account following such transfer or withdrawal is at least equal to the Estimated New York Required Balance. The Ceding Company shall take all actions reasonably requested by the Reinsurer to permit any such withdrawal by the Reinsurer on the Closing Date, including providing written consent to the Trustee.