Common use of Amendments to Section 5: Representations and Warranties Clause in Contracts

Amendments to Section 5: Representations and Warranties. 1.3.1 The lead in to Section 5 shall be deleted and replaced with the following: "The Borrower represents and warrants to the Issuer as follows:” 1.3.2 Section 5.9 shall be amended by deleting it in its entirety and replacing it with the following: “The Borrower does not have any Subsidiaries except PXRE Holding (Ireland) Limited, an Irish Holding company, PXRE Reinsurance (Barbados) Ltd., a Barbados corporation and reinsurance company and Mid-Atlantic Risk Systems Ltd., a Bermuda corporation, and any subsidiaries of such subsidiaries.”

Amendments to Section 5: Representations and Warranties. 1.3.1 The lead in to Section 5 shall be deleted and replaced with the following: "“The Borrower represents and warrants to the Issuer as follows:” 1.3.2 Section 5.9 shall be amended by deleting it in its entirety and replacing it with the following: “The Borrower does not have any Subsidiaries except PXRE Holding (Ireland) Limited, an Irish Holding company, PXRE Reinsurance (Barbados) Ltd., a Barbados corporation and reinsurance company and Mid-Atlantic Risk Systems Ltd., a Bermuda corporation, and any subsidiaries of such subsidiaries.”