The Term Credit Agreement is evidenced by a promissory note (“Note”), which permits draws of up to the maximum amount available under the facility, calls for the payment of principal in 10 equal semiannual installments of 10% of amount drawn under the facility, commencing on September 25, 2007, and continuing on March 25, 2008 and the next 8 semiannual periods thereafter.
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PROXY STATEMENT . Annual General Meeting of Shareholders . To Be Held June 24, 2004 . PROXY SOLICITATION AND VOTING . General . This Proxy Statement is being furnished in connection with the Board of Director’s solicitation of proxies from the shareholders of American Safety Insurance Holdings, Ltd. for use at the Annual General Meeting of Shareholders (the “Annual Meeting”).
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