AMENDED AND RESTATED COMMUTATION AGREEMENTCommutation Agreement • April 15th, 2009 • RAM Holdings Ltd. • Surety insurance • New York
This Amended and Restated Commutation Agreement (the “Agreement”) is entered into by and between MBIA Insurance Corporation, MBIA Assurance S.A. (now known as MBIA UK Insurance Limited), Capital Markets Assurance Corporation, and any other insurance or reinsurance company subsidiaries of MBIA Inc. (collectively, the “Company” or “MBIA”), on the one hand; and RAM Reinsurance Company Ltd. (the “Reinsurer” or “RAM Re”), on the other hand (collectively, with MBIA, the “Parties”); amends and entirely restates the Commutation Agreement by, between, and among them effective November 30, 2008; and is effective as of 30th day of November 2008 (the “Effective Date”).
