75,000,000 AGGREGATE PRINCIPAL AMOUNT ODYSSEY RE HOLDINGS CORP. 7.65% SENIOR NOTES DUE 2013 Underwriting Agreement dated November 13, 2003 BANC OF AMERICA SECURITIES LLC CREDIT SUISSE FIRST BOSTON LLC J.P. MORGAN SECURITIES INC.Odyssey Re Holdings Corp • February 18th, 2004 • Fire, marine & casualty insurance • New York
breaches, Defaults, liens, changes or encumbrances as would not, individually or in the aggregate, result in a Material Adverse Change; or (iv) to the best knowledge of such counsel, will not result in any violation of any law, administrative regulation or administrative or court decree applicable to the Company or any subsidiary.
