Extract to table

This Trust is intended to qualify as a multi-beneficiary trust under NY Insurance Law § 1308, and the parties intend that this Agreement and the Trust established hereunder shall at all times comply with, and be interpreted in a manner consistent with, the requirements of NY Insurance Law § 1308 and 11 NYCRR 125

The Maximum Aggregate Exposure shall be subject to adjustment as provided in Section 3

2 — Rules of Interpretation The following rules of construction and interpretation shall apply to this Agreement: (a) References to any statute, regulation, rule, or other enactment shall be deemed to include any amendments, modifications, successor enactments, or re-enactments thereof, unless the context requires otherwise

(b) The headings and captions of Articles, Sections, Schedules, and Exhibits in this Agreement are for convenience of reference only and shall not affect the interpretation or construction of this Agreement

(d) The words "include," "includes," and "including" shall be deemed to be followed by the phrase "without limitation

" (e) References to "days" shall mean calendar days unless "business days" is expressly specified, in which case "business days" shall mean any day other than a Saturday, Sunday, or day on which commercial banks in New York City are authorized or required by law to close