TERMS AGREEMENTTerms Agreement • April 9th, 1998 • Ambac Financial Group Inc • Surety insurance • New York
We understand that Ambac Financial Group, Inc., a Delaware corporation (the "Company"), proposes to issue and sell $200,000,000 aggregate principal amount of its Senior Debt Securities (such securities being hereinafter referred to as the "Underwritten Securities"). Subject to the terms and conditions set forth and incorporated by reference herein, the underwriters named below (the "Underwriters") offer to purchase, severally and not jointly, the principal amount of Underwritten Securities set forth opposite their names below at the purchase price set forth below.
Exhibit No. 5.3 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY (AS DEFINED IN THE INDENTURE) OR A NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE...Ambac Financial Group Inc • April 9th, 1998 • Surety insurance
