SERVICE AGREEMENTService Agreement • August 15th, 2003 • Xl Capital LTD • Surety insurance
LE MANS Re A corporation with capital of € 204,642,240 whose Registered Office is situate in LE MANS (72000) (FRANCE) Immeuble Novaxis, 33 A 49 bd Alexandre Oyor registered with the Registrar of Business Companies in Le Mans under n° 412341943 herein represented by Mr Jacques LEMAIRE in his capacity as Manager – Administration and Finance, fully empowered to enter into the undertakings provided for herein, Hereinafter called the “Company ” of the first part,
LETTER OF CREDIT FACILITY AND REIMBURSEMENT AGREEMENT AMENDED AND RESTATED AS OF 26 JUNE 2003Credit Facility and Reimbursement Agreement • August 15th, 2003 • Xl Capital LTD • Surety insurance
CITIBANK INTERNATIONAL PLC, as agent and trustee for the Lenders (and when acting in such capacities the Agent and Security Trustee respectively); and
STANDBY LETTER OF CREDIT AGREEMENTLetter of Credit Agreement • August 15th, 2003 • Xl Capital LTD • Surety insurance • New York
In consideration of National Australia Bank Limited, New York Branch (the “Bank”) issuing its irrevocable standby letter of credit (the “Credit”) substantially in the form of Exhibit A hereto in favor of the Beneficiary identified therein (as defined in the Credit, the “Beneficiary”), XL Capital Ltd, a company incorporated under the laws of the Cayman Islands, X.L. America, Inc., a Delaware corporation, XL Insurance (Bermuda) Ltd, a Bermuda limited liability company, XL Europe Ltd, a company incorporated under the laws of Ireland, and XL Re Ltd, a Bermuda limited liability company, jointly and severally (collectively the “Applicants”), hereby agree with the Bank as follows:
PUT OPTION AGREEMENT between and MANGROVE BAY TRUST Dated July 11, 2003Put Option Agreement • August 15th, 2003 • Xl Capital LTD • Surety insurance
This Put Option Agreement, dated as of July 11, 2003 (the "Agreement"), is by and between XL Capital Ltd, a Cayman Islands exempted limited company (the "Counterparty"), and Mangrove Bay Trust, a Delaware statutory trust (the "Trust").
BNP PARIBASXl Capital LTD • August 15th, 2003 • Surety insurance
Following our recent interview and our telephone conversation today, we confirm our agreement relating the renewal of the reinsurance stand-by letters of credit on the following terms:
TRUST AGREEMENT among and and THE BANK OF NEW YORKTrust Agreement • August 15th, 2003 • Xl Capital LTD • Surety insurance • New York
This trust agreement (the "Trust Agreement"), made and entered into by and between XL REINSURANCE AMERICA INC. (formerly known as NAC Reinsurance Corporation), a New York property and casualty insurance company, XL RE LTD (formerly known as XL Mid Ocean Reinsurance), a Bermuda property and casualty reinsurer, and THE BANK OF NEW YORK, a banking association organized under the laws of New York.
ASSIGNMENT AGREEMENTAssignment Agreement • August 15th, 2003 • Xl Capital LTD • Surety insurance • New York
This Assignment Agreement (this "Agreement") is entered into as of July 11, 2003, by and among XL Re Ltd, a company organized in Bermuda (the "Assignor"), Mangrove Bay Trust, a Delaware statutory trust (the "Assignee") and, solely for purposes of acknowledging Section 1(b) of this Agreement, The Bank of New York, a banking corporation organized under the laws of New York (the "Trustee").
ASSET PUT OPTION AGREEMENT between MERRILL LYNCH INTERNATIONAL and Dated as of July 11, 2003Asset Put Option Agreement • August 15th, 2003 • Xl Capital LTD • Surety insurance
This ASSET PUT OPTION AGREEMENT, dated as of July 11, 2003 (this Agreement"), is by and between Merrill Lynch International, an English corporation (the "Counterparty") and XL Reinsurance America Inc. (formerly known as NAC Reinsurance Corporation), a New York property and casualty insurance company (the "Option Holder").
364-DAY CREDIT AGREEMENT dated as of June 25, 2003 between XL CAPITAL LTD, X.L. AMERICA, INC., XL INSURANCE (BERMUDA) LTD, XL EUROPE LTD and XL RE LTD, as Account Parties and Guarantors, The LENDERS Party Hereto and JPMORGAN CHASE BANK, as...364-Day Credit Agreement • August 15th, 2003 • Xl Capital LTD • Surety insurance • New York
364-Day Credit Agreement dated as of June 25, 2003, between XL CAPITAL LTD, a company incorporated under the laws of the Cayman Islands, British West Indies ("XL Capital"), X.L. AMERICA, INC., a Delaware corporation ("XL America"), XL INSURANCE (BERMUDA) LTD, a Bermuda limited liability company ("XL Insurance"), XL EUROPE LTD, a company incorporated under the laws of Ireland ("XL Europe") and XL RE LTD, a Bermuda limited liability company ("XL Re" and, together with XL Capital, XL America, XL Insurance and XL Europe, each an "Account Party" and each a "Guarantor" and collectively, the "Account Parties" and the "Guarantors"; the Account Parties and the Guarantors being collectively referred to as the "Obligors"), the LENDERS party hereto, and JPMORGAN CHASE BANK, as Administrative Agent.
