Common use of Minimum Risk-Based Capital Clause in Contracts

Minimum Risk-Based Capital. (a) Holdings will not permit the Risk Based Capital Ratio for Trenwick America Reinsurance Corporation to be less than 325%. (b) Holdings will not permit the Risk Based Capital Ratio for any Regulated Insurance Company which is a Domestic Subsidiary (other than Trenwick America Reinsurance Corporation) to be less than 300%.

Minimum Risk-Based Capital. (a) Holdings The Borrower will not permit the Risk Based Capital Ratio for Trenwick America Reinsurance Corporation to be less than 325%. (b) Holdings The Borrower will not permit the Risk Based Capital Ratio for any Regulated Insurance Company which is a Domestic Subsidiary (other than Trenwick America Reinsurance Corporation) to be less than 300275%.

Minimum Risk-Based Capital. (a) Holdings will not permit the Risk Based Capital Ratio for Trenwick America Reinsurance Corporation to be less than 325%. (b) Holdings will not permit the Risk Based Capital Ratio for any Regulated Insurance Company which is a Domestic Subsidiary (other than Trenwick America Reinsurance Corporation) to be less than 300%; provided that, during the period from the Amendment Effective Date through December 31, 2002 the Risk Based Capital Ratio for Chartwell Insurance Company shall not be less than 225%."