Transcription of Attachment A Novation Agreement
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Attachment A Novation Agreement Novation Agreement This Novation Agreement , dated as of September 14, 2012 (this Agreement ), by and between Financial Guaranty Insurance Company, a New York stock insurance company ( FGIC ), and National Public Finance Guarantee Corporation (formerly named MBIA Insurance Corp. of Illinois), a New York stock insurance company ( National and, together with FGIC, the Parties ). RECITALS WHEREAS, FGIC and MBIA Insurance Corporation, a New York stock insurance company ( MBIA ), entered into (i) a Reinsurance Agreement , dated as of September 30, 2008 (the Reinsurance Agreement ), pursuant to which FGIC ceded as reinsurance to MBIA, and MBIA assumed as reinsurance from FGIC, the interest of FGIC in and to, and the risks associated with each of the Covered Policies (as defined below) (net of certain pre-existing third party reinsurance relating to the Covered Policies provided to FGIC), and (ii) an Administrative Services Agreement , dated as of December 1, 2008 (the Administrative Services Agreement ), pursuant to which MBIA agreed to provide all administrative and other services on behalf of and for FGIC with respect to the Covered Policies; WHEREAS, pursuant to an Assignment a
NOVATION AGREEMENT This NOVATION AGREEMENT, dated as of September 14, 2012 (this “Agreement” ), by and between Financial Guaranty Insurance Company, a New York
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