Common use of Use of Credit Extensions Clause in Contracts

Use of Credit Extensions. Request Letters of Credit only to support the Borrower’s obligations under Reinsurance Agreements and Primary Policies and for regulatory purposes.

Use of Credit Extensions. Request Letters of Credit only to support the BorrowerMax Re’s obligations under Reinsurance Agreements and Primary Policies and regulatory purposes and use Loan proceeds only for regulatory purposesgeneral corporate purposes of the Borrowers.