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Exhibit 10.3.8
ACKNOWLEDGMENT TO
INVESTMENT FACILITIES AND
SERVICES AGREEMENT
This
agreement among The Continental Insurance Company of New Jersey
(“Participating Subsidiary”), CNA Financial Corporation
(“CNA”) and Loews/CNA Holdings Inc.
(“Loews”) dated as of January 1, 2006, is an
acknowledgment by a Participating Subsidiary to the Investment
Facilities and Services Agreement dated as of January 1, 2006
among CNA, the Participating Subsidiaries and Loews (which shall be
referred to herein as the “Agreement” and this
acknowledgment shall be referred to herein as the
“Acknowledgment”). All capitalized terms which are not
defined herein shall have the same meaning as they have in the
Agreement. The Acknowledgment shall terminate without further
action on the part of any party when Participating Subsidiary is no
longer a subsidiary of CNA and Loews has been notified in writing
of such change in status. Participating Subsidiary, CNA and Loews
agree to be bound by all of the terms of the Agreement except as
stated otherwise in this Acknowledgment.
The
Acknowledgment shall be effective as of January 1, 2006
subject to regulatory approval of the Agreement and the
Acknowledgment from the Participating Subsidiary’s
domiciliary insurance department. Any amendments to, assignments of
or te
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