Board Oversight of Compliance with Agreement Sample Clauses

Board Oversight of Compliance with Agreement. 15. Within thirty (30) days, the Board shall designate a committee to monitor and coordinate the Holding Company’s compliance with the provisions of this Agreement. The Oversight Committee shall be comprised of four (4) or more directors, the majority of whom shall be independent(6) directors.
Sample 1See All (5)
AutoNDA by SimpleDocs
Board Oversight of Compliance with Agreement. 30. Effective immediately, the Board shall monitor and coordinate the Association’s compliance with the provisions of this Agreement and the completion of all corrective actions required in the 2010 XXX. The Board shall review and adopt all policies and procedures required by this Agreement prior to submission to the OTS.
Sample 1
Board Oversight of Compliance with Agreement. 7. Within 45 days after the end of each calendar quarter, commencing with the quarter ending June 30, 2009, the Board shall
Sample 1Sample 2
Board Oversight of Compliance with Agreement. 10. Within thirty (30) days after the end of each quarter, beginning with the quarter ending September 30, 2010, the Board shall adopt and submit to the Regional Director a board resolution (Compliance Resolution), formally resolving that the Holding Company complied with each provision of this Agreement currently in effect during the immediately preceding quarter, except as otherwise stated. The Compliance Resolution shall: (a) specify in detail any instance of noncompliance; (b) set forth the corrective action initiated or taken in each instance of noncompliance; and (c) identify all notices of exemption or non-objection issued by the Regional Director.
Sample 1
Board Oversight of Compliance with Agreement. (a) Beginning with the close of the quarter ending June 30, 2009, and on at least a quarterly basis thereafter, the board of directors of each Regulated Entity shall require management to provide such information and reports as to allow the Holding Company Board, Association Board and their respective Audit Committees to monitor the Association’s compliance with the requirements of this Agreement, including such information or reports that are: (i) requested by the Holding Company Board, Association Board; or their respective Audit Committees or (ii) otherwise necessary to facilitate such monitoring.
Sample 1

Related to Board Oversight of Compliance with Agreement

  • Compliance with Agreement Buyer shall have performed and complied in all material respects with all of its obligations under this Agreement which are to be performed or complied with by it prior to or on the Closing Date.

  • Compliance with Agreements Promptly and fully comply with all Contractual Obligations to which any one or more of them is a party, except for any such Contractual Obligations (a) the nonperformance of which would not cause a Default or Event of Default, (b) then being contested by any of them in good faith by appropriate proceedings, or (c) if the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.

  • Compliance with Agreements and Law Each Restricted Person will perform all material obligations it is required to perform under the terms of each indenture, mortgage, deed of trust, security agreement, lease, franchise, agreement, contract or other instrument or obligation to which it is a party or by which it or any of its properties is bound. Each Restricted Person will conduct its business and affairs in compliance with all Laws applicable thereto.

  • Compliance with Agreements and Covenants Purchaser shall have performed and complied in all material respects with all of its covenants, obligations and agreements contained in this Agreement to be performed and complied with by it on or prior to the Closing Date.

  • Compliance with Agreements and Conditions Buyer shall have performed and complied with all material agreements and conditions required by this Agreement to be performed or complied with by Buyer prior to or on the Closing Date.

  • Compliance with FCPA Each of the Credit Parties and their Subsidiaries is in compliance with the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq., and any foreign counterpart thereto. None of the Credit Parties or their Subsidiaries has made a payment, offering, or promise to pay, or authorized the payment of, money or anything of value (a) in order to assist in obtaining or retaining business for or with, or directing business to, any foreign official, foreign political party, party official or candidate for foreign political office, (b) to a foreign official, foreign political party or party official or any candidate for foreign political office, and (c) with the intent to induce the recipient to misuse his or her official position to direct business wrongfully to such Credit Party or its Subsidiary or to any other Person, in violation of the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq.

  • Compliance with Agreements and Applicable Laws The Seller shall comply with all federal, state and local laws and regulations applicable to it and the Purchaser Assets, including those relating to truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices, privacy, licensing and taxation, except to the extent that the failure to so comply, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

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