Standby Letter of Credit AgreementStandby Letter of Credit Agreement • December 30th, 2014 • 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”), RenaissanceRe Specialty Risks Ltd., a Bermuda company (“RSRL”), or DaVinci Reinsurance Ltd., a Bermuda company (“DaVinci” and, collectively with RRL and RSRL, “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:
