Common use of Acknowledgement of Necessity of Conservation Court Approval Clause in Contracts

Acknowledgement of Necessity of Conservation Court Approval. IA American acknowledges and agrees that this Agreement, the Rehabilitation Agreement, the Assumption Endorsement, the Service Agreement and all related agreements concerning the transactions contemplated by these agreements, are subject to approval by the Conservation Court and that this Agreement is null and void without the approval of the Conservation Court.

Acknowledgement of Necessity of Conservation Court Approval. IA American acknowledges and agrees that this Agreement, the Rehabilitation Assumption Reinsurance Agreement, the Assumption EndorsementReinsurance, the Service Agreement and all related agreements concerning the transactions contemplated by these agreements, are subject to approval by the Conservation Court and that this Agreement is null and void without the approval of the Conservation Court.