COMMUTATION AGREEMENTCommutation Agreement • July 29th, 2008 • RAM Holdings Ltd. • Surety insurance
Contract Type FiledJuly 29th, 2008 Company IndustryThis Commutation Agreement (“Agreement”) is entered into as of July 25, 2008 (the “Effective Date”) by and between XL Financial Assurance Ltd., a Bermuda exempted company (“XLFA”), and RAM Reinsurance Company Ltd., a Bermuda exempted company (“RAM Re”). XLFA and RAM Re are hereinafter referred to collectively as the “Parties” and individually as a “Party”.