Common use of Use of Letters of Credit Clause in Contracts

Use of Letters of Credit. The Borrower shall request letters of credit only to support its obligations under Reinsurance Agreements.

Appears in 3 contracts

Samples: Letter of Credit Reimbursement Agreement (Max Re Capital LTD), Letter of Credit Reimbursement Agreement (Max Re Capital LTD), Letter of Credit Reimbursement Agreement (Max Re Capital LTD)

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Use of Letters of Credit. The Borrower shall request ------------------------ letters of credit only to support its obligations under Reinsurance Agreements.

Appears in 1 contract

Samples: Letter of Credit Reimbursement Agreement (Max Re Capital LTD)

Use of Letters of Credit. The Borrower shall request letters of ------------------------ credit only to support its obligations under Reinsurance Agreements.

Appears in 1 contract

Samples: Letter of Credit Reimbursement Agreement (Max Re Capital LTD)

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Use of Letters of Credit. The Borrower shall request letters of credit only to support its obligations under Reinsurance AgreementsAgreements and Primary Policies.

Appears in 1 contract

Samples: Letter of Credit Reimbursement Agreement (Max Re Capital LTD)

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