Exhibit 10.40
Execution Copy
$75,000,000 AGGREGATE PRINCIPAL AMOUNT
ODYSSEY RE HOLDINGS CORP.
7.65% SENIOR NOTES
DUE 2013
Underwriting Agreement
dated November 13, 2003
BANC OF AMERICA SECURITIES LLC
CREDIT SUISSE FIRST BOSTON LLC
J.P. MORGAN SECURITIES INC.
TABLE OF CONTENTS
ODYSSEY RE HOLDINGS CORP.
(a Delaware corporation)
$75,000,000
7.65% SENIOR NOTES due 2013
Page
SECTION 1.
Representations and Warranties
2
SECTION 2.
Purchase and Sale
8
SECTION 3.
Delivery and Payment
9
SECTION 4.
Offering by Underwriters
9
SECTION 5.
Agreements
9
SECTION 6.
Conditions to the Obligations of the Underwriters
11
SECTION 7.
Payment of Expenses
13
SECTION 8.
Indemnification and Contribution
14
SECTION 9.
Default by an Underwriter
17
SECTION 10.
Termination
17
SECTION 11.
Representations and Indemnities to Survive
18
SECTION 12.
Notices
18
SECTION 13.
Successors
19
SECTION 14.
GOVERNING LAW
19
SECTION 15.
Counterparts
19
SECTION 16.
Headings
20
SECTION 17.
Definitions
20
Exhibit 10.40
Execution Copy
$75,000,000 AGGREGATE PRINCIPAL AMOUNT
ODYSSEY RE HOLDINGS CORP.
7.65% SENIOR NOTES
DUE 2013
Underwriting Agreement
dated November 13, 2003
BANC OF AMERICA SECURITIES LLC
CREDIT SUISSE FIRST BOSTON LLC
J.P. MORGAN SECURITIES INC.
TABLE OF CONTENTS
ODYSSEY RE HOLDINGS CORP.
(a Delaware corporation)
$75,000,000
7.65% SENIOR NOTES due 2013
UNDERWRITING AGREEMENT
Page
SECTION 1.
Representations and Warranties
2
SECTION 2.
Purchase and Sale
8
SECTION 3.
Delivery and Payment
9
SECTION 4.
Offering by Underwriters
9
SECTION 5.
Agreements
9
SECTION 6.
Conditions to the Obl