Effectiveness of Board Resignations. All four directors of SCA designated by the XL Parties shall have tendered their resignations effective as of the Closing;
Appears in 4 contracts
Samples: Commutation and Release Agreement (Security Capital Assurance LTD), Release and Restructuring Agreement (Security Capital Assurance LTD), Release and Restructuring Agreement (Xl Capital LTD)
Effectiveness of Board Resignations. All four directors of SCA designated by the XL Parties shall have tendered their resignations effective as of the Closing;; and
Appears in 4 contracts
Samples: Release and Restructuring Agreement (Security Capital Assurance LTD), Commutation and Release Agreement (Security Capital Assurance LTD), Release and Restructuring Agreement (Xl Capital LTD)