COMMUTATION AND RELEASE AGREEMENTCommutation and Release Agreement • July 21st, 2009 • Radian Group Inc • Surety insurance • New York
This Commutation and Release Agreement (the “Commutation Agreement”), dated July 20, 2009, is entered into by and among Ambac Assurance Corporation (“AAC”), Ambac Assurance UK Limited (“AUK” and, collectively with AAC, the “Company”) and Radian Asset Assurance Inc. (the “Reinsurer”). Each of the Company and the Reinsurer are referred to herein as a “Party” and collectively as the “Parties”.
