Common use of Compliance with the Agreement Clause in Contracts

Compliance with the Agreement. 15. Within 10 days of this Agreement, the board of directors of the Bank shall appoint a committee (the “Compliance Committee”) to monitor and coordinate the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include at least three outside directors who are not executive officers of the Bank, as defined in section 215.2 (e)(1) (12 C.F.R. § 215.2(e)(1)) of the Board of Governors’ Regulation O. At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors on a monthly basis.

Compliance with the Agreement. 1520. (a) Within 10 days of this Agreement, the board of directors of the Bank shall appoint a committee (the “Compliance Committee”) to monitor and coordinate the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include at least three a majority of outside directors who are not executive officers or principal shareholders of the Bank, as defined in section 215.2 (e)(1sections 215.2(e)(1) (12 C.F.R. § 215.2(e)(1)and 215.2(m)(1) of Regulation O of the Board of Governors’ Regulation O. Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors on a monthly basisof the Bank.

Compliance with the Agreement. 1514. (a) Within 10 days of this Agreement, the board of directors of the Bank shall appoint a committee (the “Compliance Committee”) to monitor and coordinate the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include at least three a majority of outside directors who are not executive officers or principal shareholders of the Bank, as defined in section 215.2 (e)(1sections 215.2(e)(1) (12 C.F.R. § 215.2(e)(1)and 215.2(m)(1) of Regulation O of the Board of Governors’ Regulation O. Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors on a monthly basisof the Bank.

Compliance with the Agreement. 1514. (a) Within 10 ten (10) days of the Effective Date of this Agreement, the board of directors of the Bank Board shall appoint a committee (the “Compliance Committee”) to monitor and coordinate the Bank’s compliance with the provisions of this AgreementAgreement (“Compliance Committee”). The Compliance Committee shall include at least three be comprised of a majority of outside directors who are not executive officers or principal shareholders of the Bank, as defined in section 215.2 (e)(1sections 215.2(e)(l) (12 C.F.R. § 215.2(e)(1)and 215.2(m)(l) of Regulation 0 of the Board of Governors’ Regulation O. At a minimum, the Governors (12 C.F.R. §§ 215.2(e)(I) and 215.2(m)(I)). The Compliance Committee shall meet at least monthly, keep or more often as necessary, prepare detailed minutes of each committee meeting, and report its findings to the board of directors Board on a monthly basis.

Compliance with the Agreement. 1512. Within 10 days of this Agreement, the board of directors of the Bank shall appoint a committee (the “Compliance Committee”) to monitor and coordinate the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include at least three outside directors who are not executive officers of the Bank, as defined in section 215.2 (e)(1) (12 C.F.R. §§ 215.2(e)(1)) of the Board of Governors’ Regulation O. At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors on a monthly basis.

Compliance with the Agreement. 1521. (a) Within 10 days of this Agreement, the board of directors of the Bank shall appoint a committee (the “"Compliance Committee”") to monitor and coordinate the Bank’s 's compliance with the provisions of this Agreement. The Compliance Committee shall include at least three a majority of outside directors who are not executive officers or principal shareholders of the Bank, as defined in section Sections 215.2(e)(1) and 215.2 (e)(1m)(1) (12 C.F.R. § 215.2(e)(1)) of Regulation O of the Board of Governors’ Regulation O. Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors on a monthly basisof the Bank.

Compliance with the Agreement. 1524. (a) Within 10 days of this Agreement, the board of directors of the Bank shall appoint a committee (the “Compliance Committee”) to monitor and coordinate the Bank’s compliance with the provisions of this Agreement. The Compliance Committee shall include at least three a majority of outside directors who are not executive officers or principal shareholders of the Bank, as defined in section 215.2 (e)(1sections 215.2(e)(1) (12 C.F.R. § 215.2(e)(1)and 215.2(m)(1) of Regulation O of the Board of Governors’ Regulation O. Governors (12 C.F.R. §§ 215.2(e)(1) and 215.2(m)(1)). At a minimum, the Compliance Committee shall meet at least monthly, keep detailed minutes of each meeting, and report its findings to the board of directors on a monthly basisof the Bank.