Common use of Application of Credits Clause in Contracts

Application of Credits. Subject to the limitations in paragraph (b) of this section, the amount of an eligible insured deposi- tory institution’s one-time credit shall be applied to the maximum extent al- lowable by law against that institu- tion’s quarterly assessment payment under subpart A of this part, until the institution’s credit is exhausted.

Appears in 4 contracts

Sources: Transferability of Credits, Transfer Agreement, Transfer Agreement