Common use of Acknowledgement of the FDIC’s Debt Guarantee Program Clause in Contracts

Acknowledgement of the FDIC’s Debt Guarantee Program. The parties to this Agreement acknowledge that the Issuer has not opted out of the debt guarantee program (the “Debt Guarantee Program”) established by the Federal Deposit Insurance Corporation (“FDIC”) under its Temporary Liquidity Guarantee Program. As a result, this debt is guaranteed under the FDIC Temporary Liquidity Guarantee Program and is backed by the full faith and credit of the United States. The details of the FDIC guarantee are provided in the FDIC’s regulations, 12 CFR Part 370, and at the FDIC’s website, xxx.xxxx.

Appears in 4 contracts

Samples: Master Agreement, Master Agreement (General Electric Capital Corp), Master Agreement (Deere John Capital Corp)

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