Exhibit 10.24 U.S. $50,000,000 REVOLVING CREDIT AGREEMENT Dated as of July 1, 1999Revolving Credit Agreement • August 13th, 1999 • Ambac Financial Group Inc • Surety insurance
This FIRST AMENDMENT TO CREDIT AGREEMENT, dated as of August 3, 1999 (this "First Amendment"), among AMBAC FINANCIAL GROUP, INC. ("AMBAC Financial"), --------------- --------------- AMBAC ASSURANCE CORPORATION ("AMBAC Assurance"; together with AMBAC...Credit Agreement • August 13th, 1999 • Ambac Financial Group Inc • Surety insurance • New York
Rabobank New York Branch 245 Park Avenue New York, NY 10167-0062 U.S.A. 212-916-7800 April 26, 1999 Ambac Assurance Corporation One State Street Plaza New York, New York 10004 Attn: Anne Gill Deutsche Bank AG, New York Branch, as Agent 31 West 52nd...Credit Agreement • August 13th, 1999 • Ambac Financial Group Inc • Surety insurance
Reference is hereby made to the Amended and Restated Credit Agreement dated as of December 2, 1998 (the "Credit Agreement"), among Ambac Assurance Corporation (the "Borrower"), the Banks party thereto from time to time and Deutsche Bank AG, New York Branch, as Agent (the "Agent"), and (b) the Increase Request dated April 23, 1999 delivered by the Borrower. Terms defined in the Credit Agreement are used herein as therein defined unless otherwise defined herein.
