Common use of Participating Guaranty Associations Clause in Contracts

Participating Guaranty Associations. Under Section 15.1 of the Restructuring Plan, each PGA authorized NOLHGA to act as the agent of such PGA to execute any of the Definitive Agreements necessary to implement the Restructuring Plan. NOLHGA is acting as the agent of the PGAs to execute this Agreement on their behalf. Any of NOLHGA’s member life and health insurance guaranty associations that become PGAs under the Restructuring Plan shall be PGAs for purposes of this Agreement and parties to this Agreement upon execution of this Agreement by NOLHGA on their behalf.

Participating Guaranty Associations. Under Section 15.1 of the Restructuring Plan, each PGA authorized NOLHGA to act as the agent of such PGA to execute any of the Definitive Agreements necessary to implement the Restructuring Plan. NOLHGA XXXXXX is acting as the agent of the PGAs to execute this Agreement on their behalf. Any of NOLHGA’s member life and health insurance guaranty associations that become PGAs under the Restructuring Plan shall be PGAs for purposes of this Agreement and parties to this Agreement upon execution of this Agreement by NOLHGA XXXXXX on their behalf.

Participating Guaranty Associations. Under Section 15.1 of the Restructuring Plan, each PGA authorized NOLHGA to act as the agent of such PGA to execute any of the Definitive Agreements necessary to implement the Restructuring Plan. NOLHGA is acting as the agent of the PGAs to execute this Agreement on their behalf. Any of NOLHGA’s member life and health insurance guaranty associations that become PGAs under the Restructuring Plan shall be PGAs for purposes of this Exh. 1.73 - 7 Agreement and parties to this Agreement upon execution of this Agreement by NOLHGA on their behalf.