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”).
