Common use of Community Reinvestment Act Compliance Clause in Contracts

Community Reinvestment Act Compliance. Each Seller Entity that is an insured depositary institution is in compliance in all material respects with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of “satisfactory” in its most recently completed exam, and Seller has no Knowledge of the existence of any fact or circumstance or set of facts or circumstances which would reasonably be expected to result in such Seller Entity having its current rating lowered.

Community Reinvestment Act Compliance. Each Seller Entity of the Buyer Entities that is an insured depositary institution is in compliance in all material respects with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of “satisfactory” or better in its most recently completed exam, and Seller Buyer has no Knowledge of the existence of any fact or circumstance or set of facts or circumstances which which, an executive officer of Buyer in good faith believes, would reasonably be expected to result in any such Seller Buyer Entity having its current rating lowered.

Community Reinvestment Act Compliance. Each of the Seller Entity Entities that is an insured depositary institution is in compliance in all material respects with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of “satisfactory” or better in its most recently completed exam, and Seller has no Knowledge of the existence of any fact or circumstance or set of facts or circumstances which which, an Executive Officer in good faith believes, would reasonably be expected to result in any such Seller Entity having its current rating lowered.

Community Reinvestment Act Compliance. Each of the Seller Entity Entities that is an insured depositary institution is in compliance in all material respects with the applicable provisions of the Community Reinvestment Act of 1977 and the regulations promulgated thereunder and has received a Community Reinvestment Act rating of “satisfactory” or better in its most recently completed exam, and Seller has no Knowledge of the existence of any fact or circumstance or set of facts or circumstances which would could reasonably be expected to result in any such Seller Entity having its current rating loweredlowered such that it is no longer “satisfactory.”