Amended and Restated Standby Letter of Credit AgreementStandby Letter of Credit Agreement • June 24th, 2019 • Renaissancere Holdings LTD • Fire, marine & casualty insurance • New York
To induce Wells Fargo Bank, National Association and/or any of its branches or affiliates, in its sole discretion, to issue one or more standby letters of credit (as may be amended from time to time, each a “Credit” and collectively, the “Credits”) (such issuers of a Credit, individually and collectively, “Bank”) at the request of Renaissance Reinsurance Ltd., a Bermuda company (“RRL”), Renaissance Reinsurance U.S. Inc., a Maryland corporation (“RRUS”), DaVinci Reinsurance Ltd., a Bermuda company (“DaVinci”), or RenaissanceRe Europe AG, a Swiss corporation (Aktiengesellschaft) (“RRE AG” and, collectively with RRL, RRUS and DaVinci, “Applicants” and, individually, an “Applicant”) and for the account of the Applicant named in the Application (as defined below), Applicants and RenaissanceRe Holdings Ltd., a Bermuda company (“Guarantor”), agree that the following terms and conditions of this Standby Letter of Credit Agreement (this “Agreement”) shall apply to each Credit:
