Common use of REGULATION GG Clause in Contracts

REGULATION GG. Such Lending Fund 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). Such Lending Fund shall promptly notify Provider if it does engage in an Internet gambling business; provided, however, failure of such Lending Fund to notify Provider shall not result in any additional Provider rights pursuant to Article 8 or any additional right to indemnification by BTC or such Lending Fund pursuant to Article 19. In accordance with Regulation GG, such Lending Fund 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 Provider pursuant to this Agreement or otherwise between or among any Party hereto.