MLI CDS Agreements. The SCA Parties have entered into an agreement with Xxxxxxx Xxxxx International (“MLI”) pursuant to which MLI will terminate the MLI CDS Agreements prior to or simultaneously with the Closing (the “MLI Agreement”). A true and correct copy of the MLI Agreement has been delivered to the XL Parties. The MLI Agreement remains in full force and effect and has not been amended, waived, terminated or repealed in any way. The amount of consideration for the termination of the MLI CDS Agreements pursuant to the MLI Agreement is no greater than $500 million in the aggregate together with the release of all claims related to such MLI CDS Agreements.
Appears in 3 contracts
Samples: Release and Restructuring Agreement (Security Capital Assurance LTD), Commutation and Release Agreement (Security Capital Assurance LTD), Registration Rights Agreement (Xl Capital LTD)
MLI CDS Agreements. The SCA Parties have entered into an agreement with Xxxxxxx Xxxxx Mxxxxxx Lxxxx International (“MLI”) pursuant to which MLI will terminate the MLI CDS Agreements prior to or simultaneously with the Closing (the “MLI Agreement”). A true and correct copy of the MLI Agreement has been delivered to the XL Parties. The MLI Agreement remains in full force and effect and has not been amended, waived, terminated or repealed in any way. The amount of consideration for the termination of the MLI CDS Agreements pursuant to the MLI Agreement is no greater than $500 million in the aggregate together with the release of all claims related to such MLI CDS Agreements.
Appears in 1 contract
Samples: Release and Restructuring Agreement (Xl Capital LTD)
