Standby Letter of Credit Agreement Sample Contracts

Second Amended and Restated Standby Letter of Credit Agreement (Committed/Secured) June 10, 2024
Standby Letter of Credit Agreement • August 2nd, 2024 • Everest Group, Ltd. • Fire, marine & casualty insurance • New York

SECOND AMENDED AND RESTATED STANDBY LETTER OF CREDIT AGREEMENT (the “Agreement”), dated as of June 10, 2024, by and among EVEREST REINSURANCE (BERMUDA), LTD., a company incorporated and existing under the laws of Bermuda (the “Account Party”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association (“Bank”).

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EX-10.1 2 dex101.htm STANDBY LETTER OF CREDIT AGREEMENT STANDBY LETTER OF CREDIT AGREEMENT To: WELLS FARGO BANK, NATIONAL ASSOCIATION
Standby Letter of Credit Agreement • May 5th, 2020 • California

Applicant hereby agrees for good and valuable consideration that the Existing Agreement, regardless of whether it was addressed to you or some other person or entity, be replaced in its entirety by this Agreement so that the Existing Credits which were originally issued under and in connection with the Existing Agreement will now be deemed for all purposes Credits issued under and in connection with this Agreement and not the Existing Agreement. Applicant also hereby requests that you, Wells Fargo Bank, National Association (“Wells Fargo”), issue in your name and at your sole option, unless provided otherwise in any Loan Document, one or more standby letters of credit pursuant to Applications for the issuance of such Credits and the terms and conditions of this Agreement. The Existing Credits were issued at Applicant’s request for Applicant’s account, and Each other Credit will be issued at Applicant’s request and for its account, and, unless otherwise specifically provided in any Loan

Standby Letter of Credit Agreement (Uncommitted) October 3, 2024
Standby Letter of Credit Agreement • October 4th, 2024 • Renaissancere Holdings LTD • Fire, marine & casualty insurance • New York

To induce Nordea Bank Abp, New York Branch (“Nordea”) (and/or any of its branches or affiliates, subject to the reasonable approval of Nordea and the Applicants (as defined below), 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 Europe AG, a Swiss corporation (Aktiengesellschaft) (“RREAG”) or any other entity identified by the Guarantor (as defined below) to Nordea as an Applicant (as hereinafter defined), subject to the reasonable approval of Bank pursuant to Section 29 (such entity, collectively with RRL and RREAG, “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 term

EX-4.4 6 bbsi-ex44_27.htm EX-4.4 AMENDED AND RESTATED STANDBY LETTER OF CREDIT AGREEMENT (CREDIT AGREEMENT/LOAN AGREEMENT VERSION)
Standby Letter of Credit Agreement • May 5th, 2020

THIS AMENDED AND RESTATED STANDBY LETTER OF CREDIT AGREEMENT (this “Agreement”) is by and between/among the undersigned (individually and collectively, “Applicant”; jointly and severally, if more than one) and to induce Wells Fargo Bank, National Association and/or any of its branches or affiliates (individually and collectively, “Bank”), in its sole discretion, to issue one or more Credits (as defined below) at the request of Applicant and for the account of Applicant named in the Application (as defined below), Applicant agrees that the following terms and conditions of this Agreement shall apply to any Credit:

Agreement for Standby Letter of Credit Advances/Confirmation
Standby Letter of Credit Agreement • February 20th, 2015 • Texas

This Agreement for Standby Letter of Credit Advances/Confirmation (as amended, restated, or otherwise modified from time to time, the "Agreement") is by and between the undersigned Member institution ("Member") and Federal Home Loan Bank of Dallas (the "Bank"). Member submits applications from time to time to Bank for the issuance of Credits (defined below). In consideration of the issuance of such Credits by the Bank (at the option of the Bank from time to time following its approval of an application submitted by Member), Member, by and through the undersigned authorized officers, agrees to the following terms and conditions of this Agreement.

Standby Letter of Credit Agreement (Committed/Secured)
Standby Letter of Credit Agreement • February 28th, 2022 • Everest Re Group LTD • Fire, marine & casualty insurance • New York

STANDBY LETTER OF CREDIT AGREEMENT (the “Agreement”), dated as of October 8, 2021, by and between Everest Reinsurance (Bermuda), Ltd., an exempted company incorporated and existing under the laws of Bermuda and registered as a Class 4 and Class C insurer pursuant to the Bermuda Insurance Act (as defined below) (the “Account Party”), and LLOYDS BANK CORPORATE MARKETS PLC (“Bank”).

Standby Letter of Credit Agreement (Credit Agreement/Loan Agreement Version)
Standby Letter of Credit Agreement • November 8th, 2012 • Barrett Business Services Inc • Services-help supply services

THIS STANDBY LETTER OF CREDIT AGREEMENT (this “Agreement”) is by and between/among the undersigned (individually and collectively, “Applicant”; jointly and severally, if more than one) and Wells Fargo Bank, National Association and/or any of its branches or affiliates (individually and collectively, “Bank”).

FOURTH AMENDMENT TO AMENDED AND RESTATED STANDBY LETTER OF CREDIT AGREEMENT
Standby Letter of Credit Agreement • December 13th, 2023 • Renaissancere Holdings LTD • Fire, marine & casualty insurance • New York

This FOURTH AMENDMENT TO AMENDED AND RESTATED STANDBY LETTER OF CREDIT AGREEMENT, dated as of December 12, 2023 (this “Amendment”), is by and among Renaissance Reinsurance Ltd., a Bermuda company, DaVinci Reinsurance Ltd., a Bermuda company, Renaissance Reinsurance U.S. Inc., a Maryland corporation, RenaissanceRe Europe AG, a Swiss corporation, and RenaissanceRe Specialty U.S. Ltd., a Bermuda company, as applicants (collectively, the “Applicants” and each, an “Applicant”), RenaissanceRe Holdings Ltd., a Bermuda company, as guarantor (the “Guarantor” and together with the Applicants, the “Credit Parties” and each, a “Credit Party”), and Wells Fargo Bank, National Association (“Bank”).

APPLICATION AND AGREEMENT FOR STANDBY LETTER OF CREDIT
Standby Letter of Credit Agreement • April 22nd, 2021 • North Carolina

FOR BANK USE ONLY Letter of Credit No. Variable Interest Rate:Interest shall accrue at the variable rate of percentage points above the highest Prime Rate as published from time to time in the Money Rates table of The Wall Street Journal. Annual Commission: An amount equal to 1.50% percent of the face amount of the Credit or $375.00, whichever is greater.

SECOND AMENDMENT TO AMENDED AND RESTATED STANDBY LETTER OF CREDIT AGREEMENT
Standby Letter of Credit Agreement • November 2nd, 2022 • Renaissancere Holdings LTD • Fire, marine & casualty insurance • New York

This SECOND AMENDMENT TO AMENDED AND RESTATED STANDBY LETTER OF CREDIT AGREEMENT, dated as of May 5, 2022 (this “Amendment”), is by and among Renaissance Reinsurance Ltd., a Bermuda company, DaVinci Reinsurance Ltd., a Bermuda company, Renaissance Reinsurance U.S. Inc., a Maryland corporation, RenaissanceRe Europe AG, a Swiss corporation, as applicants (collectively, the “Current Applicants” and each, a “Current Applicant”), RenaissanceRe Specialty US Ltd., a Bermuda company (the “New Applicant” and together with the Current Applicants, the “Applicants” and each, an “Applicant”), RenaissanceRe Holdings Ltd., a Bermuda company, as guarantor, (the “Guarantor” and together with the Applicants, the “Credit Parties” and each, a “Credit Party”) and Wells Fargo Bank, National Association (“Bank”).

STANDBY LETTER OF CREDIT AGREEMENT
Standby Letter of Credit Agreement • November 9th, 2004 • Assured Guaranty LTD • Surety insurance • New York

ASSURED GUARANTY RE OVERSEAS LTD., a company organized under the laws of Bermuda (with its successors and assigns, “AGRO”), and

PRINCIPAL’S CODE:
Standby Letter of Credit Agreement • May 31st, 2021

This is an Agreement for a Standby Letter of Credit (SBLC) issued by HSBC BANK PLC, London for a total face value of € ,000,000.00 ( Million Euros) with first tranches in the amount of € ,000,000.00 ( Million Euros), and is entered into on this date of

THIRD AMENDMENT TO AMENDED AND RESTATED STANDBY LETTER OF CREDIT AGREEMENT
Standby Letter of Credit Agreement • February 22nd, 2023 • Renaissancere Holdings LTD • Fire, marine & casualty insurance • New York

This THIRD AMENDMENT TO AMENDED AND RESTATED STANDBY LETTER OF CREDIT AGREEMENT, dated as of February 22, 2023 (this “Amendment”), is by and among Renaissance Reinsurance Ltd., a Bermuda company, DaVinci Reinsurance Ltd., a Bermuda company, Renaissance Reinsurance U.S. Inc., a Maryland corporation, RenaissanceRe Europe AG, a Swiss corporation, and RenaissanceRe Specialty US Ltd., a Bermuda company, as applicants (collectively, the “Applicants” and each, an “Applicant”), RenaissanceRe Holdings Ltd., a Bermuda company, as guarantor (the “Guarantor” and together with the Applicants, the “Credit Parties” and each, a “Credit Party”), and Wells Fargo Bank, National Association (“Bank”).

Standby Letter of Credit Agreement
Standby Letter of Credit Agreement • August 11th, 1998 • Bucyrus International Inc • Mining machinery & equip (no oil & gas field mach & equip) • Wisconsin
December 24, 1997 Medley Group, Inc. 1100 Ponce de Leon Boulevard Coral Gables, FL 33134 Gentlemen: This letter is being written to memorialize our agreement whereby Medley Credit Acceptance Corp., a Delaware corporation ("MCAC"), will post, for the...
Standby Letter of Credit Agreement • June 11th, 1998 • Medley Credit Acceptance Corp • Short-term business credit institutions

This letter is being written to memorialize our agreement whereby Medley Credit Acceptance Corp., a Delaware corporation ("MCAC"), will post, for the benefit of Medley Group, Inc., a Delaware corporation ("Group"), a $1.7 million standby letter of credit (the "Letter of Credit"). MCAC has been advised by Group that the Letter of Credit is being posted for the express purpose of securing the performance of certain equipment leases concurrently being sold by Group to an unrelated third party.

FIRST AMENDMENT TO STANDBY
Standby Letter of Credit Agreement • August 5th, 2021 • Everest Re Group LTD • Fire, marine & casualty insurance • New York
Contract
Standby Letter of Credit Agreement • November 5th, 2024 • Everest Group, Ltd. • Fire, marine & casualty insurance

Certain information in the marked exhibit below has been omitted because it is both (i) not material and (ii) is the type that the registrant treats as private or confidential. Omissions are designated as “[*****]”.

Bank of america standby letter of credit application
Standby Letter of Credit Agreement • April 6th, 2021 • California

printer-friendly Standby Letter of Credit Agreement - Wells Fargo Bank NA and Handspring Inc. STANDBY LETTER OF CREDIT AGREEMENT ================================================================================ TO: WELLS FARGO BANK, NATIONAL ASSOCIATION Applicant hereby requests that you, Wells Fargo Bank, National Association ("Wells Fargo"), issue in your name one or more standby letters of credit pursuant to Applications for the issuance of such Credits and the terms and conditions of this Agreement. Each Credit will be issued at Applicant's request and for its account, and, unless otherwise specifically provided in any Loan Document, at your option. Applicant agrees that the terms and conditions in this Agreement shall apply to each Application and the Credit issued pursuant to each Application, and to transactions under each Application, each Credit and this Agreement. SECTION 1. DEFINITIONS. As used in this Agreement, the following terms shall have the meanings set forth after eac

DEED OF AGREEMENT
Standby Letter of Credit Agreement • August 20th, 2019

RECEIVER confirms with full corporate and legal responsibility that funds are available to fulfill the requirements for the receiving of this instrument and RECEIVER further confirms to cooperate with the PROVIDER.

FIRST AMENDMENT TO STANDBY LETTER OF CREDIT AGREEMENT (Uncommitted/Secured)
Standby Letter of Credit Agreement • May 21st, 2015 • Renaissancere Holdings LTD • Fire, marine & casualty insurance • New York

This FIRST AMENDMENT TO STANDBY LETTER OF CREDIT AGREEMENT (this “First Amendment”), dated as of May 15, 2015, is entered into among PLATINUM UNDERWRITERS BERMUDA, LTD., a Bermuda company (“Platinum Bermuda”), RENAISSANCE REINSURANCE U.S. INC., a Maryland corporation (“Platinum US” and, together with Platinum Bermuda, the “Platinum Applicants”), RENAISSANCE REINSURANCE LTD., a Bermuda company (“RRL”), RENAISSANCERE SPECIALTY RISKS LTD., a Bermuda company (“RSRL”), DAVINCI REINSURANCE LTD., a Bermuda company (“DaVinci” and, collectively with RRL and RSRL, the “Existing Applicants”), RENAISSANCERE HOLDINGS LTD., a Bermuda company (“Guarantor” and, collectively with the Existing Applicants, the “Existing Credit Parties”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (the “Bank”).

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Standby Letter of Credit Agreement (Standard Version)
Standby Letter of Credit Agreement • November 13th, 2013 • Proassurance Corp • Fire, marine & casualty insurance • England

To induce Wells Fargo Bank, National Association and/or any of its branches or affiliates (individually and collectively, “Bank”), 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”) at the request of the undersigned (individually and collectively, “Applicant”; jointly and severally, if more than one) and for the account of Applicant named in the Application (as defined below), Applicant agrees that the following terms and conditions of this Standby Letter of Credit Agreement (this “Agreement”) shall apply to any Credit:

STANDBY LETTER OF CREDIT AGREEMENT
Standby Letter of Credit Agreement • August 15th, 2003 • Xl Capital LTD • Surety insurance • New York

In consideration of National Australia Bank Limited, New York Branch (the “Bank”) issuing its irrevocable standby letter of credit (the “Credit”) substantially in the form of Exhibit A hereto in favor of the Beneficiary identified therein (as defined in the Credit, the “Beneficiary”), XL Capital Ltd, a company incorporated under the laws of the Cayman Islands, X.L. America, Inc., a Delaware corporation, XL Insurance (Bermuda) Ltd, a Bermuda limited liability company, XL Europe Ltd, a company incorporated under the laws of Ireland, and XL Re Ltd, a Bermuda limited liability company, jointly and severally (collectively the “Applicants”), hereby agree with the Bank as follows:

Contract
Standby Letter of Credit Agreement • March 20th, 2017

RRNAH, RenaissanceRe Finance, and Platinum Finance guarantee RenaissanceRe’s obligations under the Revolving Credit Agreement. Subject to certain exceptions, additional subsidiaries of RenaissanceRe are required to become guarantors if such subsidiaries issue or incur certain types of indebtedness.

Standby Letter of Credit Agreement
Standby Letter of Credit Agreement • May 15th, 2014 • Bebe Stores, Inc. • Women's, misses', and juniors outerwear • California
Standby Letter of Credit Agreement
Standby Letter of Credit Agreement • February 24th, 2023 • Everest Re Group LTD • Fire, marine & casualty insurance
STANDBY LETTER OF CREDIT AGREEMENT
Standby Letter of Credit Agreement • August 18th, 2015

THIS STANDBY LETTER OF CREDIT AGREEMENT (this “Agreement”), dated and effective as of , 2015 is for the provision of a letter of credit, and is by and between the TRANSBAY JOINT POWERS AUTHORITY, a joint powers authority created under California Government Code Sections 6500 et seq. (“TJPA”), and

Enhanced Retail Funding, LLC 40 Broad Street Boston, Massachusetts 02109
Standby Letter of Credit Agreement • September 15th, 1998 • Gantos Inc • Retail-women's clothing stores
Standby Letter of Credit Agreement (Committed/Secured)
Standby Letter of Credit Agreement • November 4th, 2021 • Everest Re Group LTD • Fire, marine & casualty insurance • New York

STANDBY LETTER OF CREDIT AGREEMENT (the “Agreement”), dated as of August 27, 2021, by and among EVEREST REINSURANCE (BERMUDA), LTD., a company incorporated and existing under the laws of Bermuda (the “Account Party”), and BAYERISCHE LANDESBANK, a financial institution organized under the laws of the Federal Republic of Germany (“Bank”).

STANDBY LETTER OF CREDIT AGREEMENT
Standby Letter of Credit Agreement • March 15th, 2004 • Xl Capital LTD • Surety insurance • New York
STANDBY LETTER OF CREDIT AGREEMENT
Standby Letter of Credit Agreement • March 31st, 2003 • Xl Capital LTD • Surety insurance • New York

In consideration of National Australia Bank Limited, New York Branch (the “Bank”) issuing its irrevocable standby letter of credit (the “Credit”) substantially in the form of Exhibit A hereto in favor of the Beneficiary (as defined in the Credit, the “Beneficiary”) identified by written notice from the Applicant (as defined below) from the list attached as Exhibit B hereto and for the account of XL Capital Ltd, XL America, Inc, XL Insurance (Bermuda) Ltd, XL Europe Ltd and XL Re Ltd , jointly and severally, (the “Applicant”), the Applicant hereby agrees with the Bank as follows:

STANDBY LETTER OF CREDIT AGREEMENT Dated as of July 22, 2004 between ADE CORPORATION and FLEET NATIONAL BANK
Standby Letter of Credit Agreement • September 9th, 2004 • Ade Corp • Instruments for meas & testing of electricity & elec signals

This STANDBY LETTER OF CREDIT AGREEMENT is made as of July 22, 2004, by and among ADE CORPORATION (the “Borrower”), a Delaware corporation having its principal place of business at 80 Wilson Way, Westwood, Massachusetts 02090, and FLEET NATIONAL BANK, a national banking association.

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