Amendment N°3 to the facility which can be utilized by the issue of letters of credit and participations dated December 26, 2002(the “Contract”).Amendment to the Facility Agreement • April 29th, 2005 • Scor • Life insurance
Between the entry into Amendment N°2 (dated November 13, 2003) and Amendment n°3 (September 8, 2004) the securities pledges (« nantissements ») relating to the securities of the « pledged subsidiaries » (« Filiales Nanties ») have been released according to the Contract’s provisions, following the constitution by SCOR of a cumulated amount of French Government OAT Bonds pledges (“Gages OAT”) that is higher than the euro exchange of 105% of the outstanding discounted bills (“Encours de Référence”).
Term Sheet relating to the principal terms and conditions of Amendment N°1 to the facility agreement dated November 14, 2003 originally entered into by and between :Facility Agreement • April 29th, 2005 • Scor • Life insurance
WESTLB AG has, by a letter dated August 10, 2004, notified BNP Paribas (the Issuing Bank) of its decision to withdraw from the contract dated November 14, 2003 by which the Issuing Bank and the other above-mentioned banks (the Participating Banks) have granted to SCOR Vie a line of credit utilizable through the issue of letters of credit.
