Common use of REGULATION GG Clause in Contracts

REGULATION GG. Each Company and GEAM on behalf of each Account hereby represents and warrants that it does not engage in an “Internet gambling business,” as such term is defined in Section 233.2(r) of Federal Reserve Regulation GG (12 CFR 233) (“Regulation GG”). Each Company and GEAM on behalf of each Account hereby covenants and agrees that it shall not engage in an Internet gambling business. In accordance with Regulation GG, each Company and GEAM on behalf of each Account is hereby notified that “restricted transactions,” as such term is defined in Section 233.2(y) of Regulation GG, are prohibited in any dealings with the Accounting Agent pursuant to this Agreement or otherwise between or among any party hereto.

Appears in 6 contracts

Samples: Master Accounting Services Agreement (Elfun Income Fund), Master Accounting Services Agreement (Elfun Tax Exempt Income Fund), Master Accounting Services Agreement (Elfun International Equity Fund)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.