ACKNOWLEDGMENT TO INVESTMENT FACILITIES AND SERVICES AGREEMENT
EXHIBIT 10.7
ACKNOWLEDGMENT TO
INVESTMENT FACILITIES AND
SERVICES AGREEMENT
INVESTMENT FACILITIES AND
SERVICES AGREEMENT
This agreement among CNA National Warranty Corporation (“Participating Subsidiary”), CNA Financial
Corporation (“CNA”) and Loews/CNA Holdings Inc. (“Loews”) dated as of January 1, 2008, is an
acknowledgment by a Participating Subsidiary to the Investment Facilities and Services Agreement
dated as of January 1, 2006, as amended on January 1, 2007, 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, 2008.
Upon reasonable notice, the Participating Subsidiary, or its designated representative, including
but not limited to any applicable regulatory authority, shall have access at any reasonable time to
inspect and audit the billing statements of Loews that pertain to the services provided under the
Agreement, and it may make copies of any records pertaining thereto.
CNA NATIONAL WARRANTY CORPORATION
By:
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/s/ X. X. Xxxxxx | |||
Title:
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President | |||
CNA FINANCIAL CORPORATION | ||||
By:
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/s/ Xxxxxxxx X. Xxxxxx | |||
Title:
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Senior Vice President and Controller | |||
Loews/CNA Holdings Inc. | ||||
By:
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/s/ Xxxx X. Xxxxxx | |||
Title:
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SVP |