Common Contracts
2 similar null contracts by Xl Capital LTD
LETTER OF CREDIT FACILITY AND REIMBURSEMENT AGREEMENTXl Capital LTD • March 15th, 2004 • Surety insurance
CLAUSE PAGE 1. DEFINITIONS 4 2. THE FACILITY 18 3. UTILISATION OF THE FACILITY 19 4. TERMINATION OF LETTERS OF CREDIT 21 5. PAYMENT OF DEMANDS 25 6. THE ACCOUNT PARTY’S LIABILITIES IN RELATION TO LETTERS OF CREDIT 26 7. DEFAULT INTEREST 27 8. TERMINATION AND REDUCTION OF THE COMMITMENTS 28 9. FEES 28 10. TAXES 31 11. TAX RECEIPTS 32 12. INCREASED COSTS 33 13. ILLEGALITY 34 14. MITIGATION OBLIGATIONS; REPLACEMENT OF LENDERS. 35 15. PAYMENTS GENERALLY; PRO RATA TREATMENT; SHARING OF SET-OFFS. 36 16. GUARANTEE AND INDEMNITY 38 17. REPRESENTATIONS AND WARRANTIES 42 18. AFFIRMATIVE COVENANTS 46 19. NEGATIVE COVENANTS 51 20. EVENTS OF DEFAULT 56 21. THE AGENT, THE ARRANGER AND THE LENDERS 58 22. NOTICES 66 23. WAIVERS AND AMENDMENTS 67 24. COSTS AND EXPENSES 68 25. INDEMNITIES 69 26. ALTERATION TO THE PARTIES 70 27. SET OFF 75 28. MISCELLANEOUS PROVISIONS 76 29. GOVERNING LAW AND JURISDICTION 77 30. TREATMENT OF CERTAIN INFORMATION; CONFIDENTIALITY 78 31. THIRD PARTY RIGHTS 79
THE GUARANTORS (as defined herein) THE LENDERS PARTY HERETO (as defined herein) CITIBANK INTERNATIONAL PLC as Agent and Security Trustee SALOMON BROTHERS INTERNATIONAL LIMITED as Arranger LETTER OF CREDIT FACILITY AND REIMBURSEMENT AGREEMENTXl Capital LTD • March 31st, 2003 • Surety insurance
CLAUSE PAGE DEFINITIONS 4 THE FACILITY 17 UTILISATION OF THE FACILITY 18 TERMINATION OF LETTERS OF CREDIT 20 PAYMENT OF DEMANDS 23 THE ACCOUNT PARTY’S LIABILITIES IN RELATION TO LETTERS OF CREDIT 24 DEFAULT INTEREST 25 TERMINATION AND REDUCTION OF THE COMMITMENTS 25 FEES 26 TAXES 28 TAX RECEIPTS 29 INCREASED COSTS 30 ILLEGALITY 31 MITIGATION OBLIGATIONS; REPLACEMENT OF LENDERS 31 PAYMENTS GENERALLY; PRO RATA TREATMENT; SHARING OF SET-OFFS 32 GUARANTEE AND INDEMNITY 35 REPRESENTATIONS AND WARRANTIES 38 AFFIRMATIVE COVENANTS 42 NEGATIVE COVENANTS 46 EVENTS OF DEFAULT 50 THE AGENT, THE ARRANGER AND THE LENDERS 52 NOTICES 59
