Contract
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Citibank, N.A. |
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Citigroup Centre Canada Square Canary Wharf LONDON E14 5LB |
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Tel x00 (0)
000 000 0000 Fax x00 (0) 000 000 0000 |
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27 January, 2006
Mr X
Xxxxxxx
January 27th, 2006
Aspen Insurance Ltd
Xxxxxxxx
Xxxx
3rd Floor
00 Xxxxxxxx
Xx
Xxxxxxxx
XX00
Dear
Sirs
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| Re | Pledge Agreement between Aspen Insurance Ltd and Citibank London dated January 17, 2006 and Account Control Agreement between Bank of New York and Citibank London dated January 17, 2006 |
With reference to the above Pledge
Agreement, without prejudice to the provision of Section 2 and 6
(k), the Collateral Value and permitted securities, subject to your
counter-signature of a copy of this letter, shall be as set out in the
annex to this letter.
Save as expressly provided in this letter, the provisions of the Pledge Agreement and the Account Control Agreement shall remain in full force and effect.
Please countersign and return the enclosed copy of this letter.
Yours faithfully
for Citibank
Ireland Financial Services
We confirm our
agreement to the
above
Citibank, N.A. is incorporated with limited liability under the National Bank Act of the U.S.A. and has its head office at 000 Xxxx Xxxxxx, Xxx Xxxx, XX 00000, X.X.X.. Citibank, N.A. London branch is registered in the U.K. at Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB under No. BR001018 and is regulated by the FSA. VAT No. GB 429 6256 29. Ultimately owned by Citigroup Inc., New York, U.S.A.
Table of Contents
ANNEX
BANK of NEW YORK / ASPEN INSURANCE COMPANY LTD
and
CITIBANK, N.A.
PLEDGE AND ACCOUNT CONTROL AGREEMENT
SCHEDULE 1
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| 1. | The Required Value is:− |
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| US$ 50,000,000.00 (United State Dollars Fifty Million) (or such other amount as may be agreed between the Chargor and notified to the Pledgor from time to time.) |
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| The account is currently funded with $51,100,000 U.S. Treasury Bills due July 20th, 2006. |
Citibank,
N.A. is incorporated with limited liability under the National Bank Act
of the U.S.A. and has its head office at 000 Xxxx Xxxxxx, Xxx Xxxx, XX
00000, X.X.X.. Citibank, N.A. London branch is registered in the U.K.
at Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB under
No. BR001018 and is regulated by the FSA. VAT No. GB 429 6256 29.
Ultimately owned by Citigroup Inc., New York,
U.S.A.
