Borrowers shall, and in the case of a accreditor issued on behalf of a subsidiary of a borrower, make reasonable economic efforts to ensure that that subsidiary uses the L/C facility to support insurance obligations, obligations arising from reinsurance contracts and retrocession agreements and similar risk obligations, as well as for general business purposes. A letter of credit or „accrediting“ is a letter from a bank that guarantees that payment from a buyer to a seller is received on time and in the right amount. If the buyer is unable to make a payment for the purchase, the bank is required to cover the total or remaining amount of the purchase. It can be proposed as an establishment. February 25, 2019 Acquisition Agreement between Cincinnati Financial Corporation as borrower and bank Of Nova Scotia as amended on November 4, 2019 (the Facility Agreement) This second amendment to the Flow Facility Agreement (this „Amendment“) will be entered into as of June 3, 2020 by and between CAVELLO BAY REINSURANCE LIMITED as borrower. ENSTAR GROUP LIMITED, KENMARE HOLDINGS LTD., ENSTAR (US ASIA-PAC) HOLDINGS LIMITED and ENSTAR HOLDINGS (US) LLC as guarantors, lenders (the „Renewing Lenders“), NATIONAL AUSTRALIA BANK LIMITED, LONDON BRANCH as administrative agent and NATIONAL AUSTRALIA BANK LIMITED as several L/C banks of issue. This is a direct payment method in which the issuing bank takes advantage of payments to the beneficiary. On the other hand, a standby credit is a secondary payment method in which the bank only pays the beneficiary if the holder cannot. .
UNINSURED CREDIT AND CREDIT AGREEMENT OF JULY 31, 2018 between THIRD POINT REINSURANCE LTD., a company founded and organized under Bermuda law (the „Company“), THIRD POINT REINSURANCE COMPANY LTD., a company founded and organized under Bermuda-U.S. law („Third Point Reinsurance“), Third Point Reinsurance (USA) Ltd., a company founded and organized under U.S. law of Bermuda („Third Point“), and with Third Point Reinsurance, the „Account Parties“ and a „Account Part“, the lenders from time to time (a „Lender“ and, together, the „Lenders“) and suntrust BANK as the Administrative Agent and LC Issuer. Unless otherwise stated, all majestes terms used therein and defined in section 1.01 are used as defined herein. For those who go abroad, this letter guarantees that the banks issue respect the projects developed by some foreign banks. Due to the nature of international trade, including factors such as remoteness, different laws in each country and difficulties in knowing each party personally, the use of credits has become a very important aspect of international trade. This eighth amended and adapted Master Accreditation Agreement (this „Agreement“) will be entered into in Columbus, Ohio, on September 30, 2017 (the „Effective Date“) by and between the U.S. BANK NATIONAL ASSOCIATION, a national banking federation (the „Bank“), and M/I HOMES, INC., an Ohio corporation (the „Company“).
. ACCREDITATION AGREEMENT OF August 5, 2019 (this „Agreement“) between CAVELLO BAY REINSURANCE LIMITED as borrower, ENSTAR GROUP LIMITED, KENMARE HOLDINGS LTD., ENSTAR (US ASIA-PAC) HOLDINGS LIMITED and ENSTAR HOLDINGS (US) LLC as guarantors who from time to time are the lenders and national AUSTRALIA BANK LIMITED as several L/C Issuing Bank and Administrative Agent.