CONFLICTS OF INTEREST MITIGATION. The following explains and memorializes certain of the minimum conflicts of interest mitigation controls the Financial Agent and its affiliates named in Section 14 of the FAA (“Named Affiliates”) shall implement and monitor throughout the term of the FAA. The conflicts of interest mitigation controls are based on the Financial Agent’s role under the FAA. As more fully described in Exhibit A, the Financial Agent shall act as an asset manager for the portfolio of securities and obligations received by the Treasury under the Troubled Asset Relief Program (“TARP”) pursuant to the Emergency Economic Stabilization Act of 2008 (“Act”). In that role, the Financial Agent will be responsible for portfolio management, advisory services, operations, analytics and reporting for an assigned portion of the TARP portfolio.
CONFLICTS OF INTEREST MITIGATION. The following explains and memorializes certain of the minimum conflicts of interest mitigation controls the Financial Agent shall implement and monitor throughout the term of this FAA. The conflicts of interest mitigation controls are based on the Financial Agent’s role under this FAA, including the services set forth in Exhibit A of this FAA. To the extent the FAA, including Exhibit A, is amended, Exhibit F shall be reviewed to ensure that it appropriately identifies and mitigates conflicts of interest. For the purpose of this Exhibit F, the Securities Issuer and the respective subsidiaries assigned to the Financial Agent in writing by the Treasury shall be considered the “Assigned TARP Entity,” and the securities issued by that Assigned TARP Entity shall collectively be considered the “Securities”, as defined in Exhibit A. If, at a later date, the Treasury has disposed of in full the Securities of an Assigned TARP Entity, such entity shall no longer be considered an Assigned TARP Entity. If this FAA is terminated prior to the date on which the Treasury has disposed of in full the Securities of an Assigned TARP Entity, the terms of this Exhibit F shall apply for a 90 day period following the termination (but not expiration) of this FAA (“Cooling-Off Period”).
CONFLICTS OF INTEREST MITIGATION. The following explains and memorializes certain of the minimum conflicts of interest mitigation controls the Financial Agent shall implement and monitor throughout the term of this FAA, including those for its parent, subsidiaries, affiliates, and named contractors approved in writing from the Treasury, (collectively, and for the purpose of this Exhibit F, the “Financial Agent Group”). The conflicts of interest mitigation controls are based on the Financial Agent’s role under this FAA, including the services set forth in Exhibit A of this FAA. To the extent the FAA, including Exhibit A, is amended, Exhibit F shall be reviewed to ensure that it appropriately identifies and mitigates conflicts of interest. For the purpose of this Exhibit F, AIG and its subsidiaries and affiliates shall collectively be considered, the “Assigned TARP Entity.”
CONFLICTS OF INTEREST MITIGATION. The following explains and memorializes certain of the conflicts of interest mitigation controls the Financial Agent shall implement and monitor throughout the term of this FAA. As used in this Exhibit, "Program" refers to the Foreclosure Prevention Program described in this FAA and in Exhibit A to this FAA.
CONFLICTS OF INTEREST MITIGATION. The following explains and memorializes certain of the minimum conflicts of interest mitigation controls the Bank of New York Mellon (“BNYM” or the “Financial Agent”), its affiliates named in Section 13 of this FAA (“Named Affiliates”), and its contractors shall maintain, implement and monitor throughout the term of the FAA. The Financial Agent shall act as custodian for the portfolio of securities and obligations (“Assets”) issued to the Treasury under the Treasury Programs. In that role, the Financial Agent will be responsible for providing custodial and infrastructure services to the Treasury as set forth in Exhibit A of the FAA.
CONFLICTS OF INTEREST MITIGATION. The following explains and memorializes certain of the minimum conflicts of interest mitigation controls the FSI Group, LLC (FSI or the Financial Agent), its affiliates named in Section 13 of this FAA (“Named Affiliates”), and its contractors shall maintain, implement and monitor throughout the term of the FAA. The Financial Agent shall provide asset management services for the portfolio of securities and obligations (“Assets”) issued to the Treasury under the Treasury Programs. In that role, the Financial Agent will be responsible for providing portfolio management, monitoring, transaction structuring services, communication with Participating Institutions, valuation, operations, and coordination for Treasury Programs as set forth in Exhibit A of the FAA. The following have been identified as actual or potential conflicts of interest associated with the Financial Agent providing services under the FAA.
CONFLICTS OF INTEREST MITIGATION. The following explains and memorializes certain of the minimum conflicts of interest mitigation controls the Financial Agent and its affiliates shall implement and monitor throughout the term of this FAA. The conflicts of interest mitigation controls are based on the Financial Agent’s role under this FAA, including the services as described in Exhibit A.
CONFLICTS OF INTEREST MITIGATION. The following explains and memorializes certain of the minimum conflicts of interest mitigation controls the Financial Agent and any individuals approved by the Treasury to be seconded to the Financial Agent from any affiliate of the Financial Agent (the “Named Individuals”) shall implement and monitor throughout the term of the FAA. For purposes of this Exhibit F, the Named Individuals shall be deemed to be employees of the Financial Agent for all purposes related to the FAA during their period of secondment. The conflicts of interest mitigation controls are based on the Financial Agent’s role under the FAA. As more fully described in Exhibit A, the Financial Agent shall act as an asset manager for the portfolio of securities and obligations received by the Treasury under the Troubled Asset Relief Program (“TARP”) pursuant to the Emergency Economic Stabilization Act of 2008 (“Act”). In that role, the Financial Agent will be responsible for portfolio management, advisory services, operations, analytics and reporting for an assigned portion of the TARP portfolio.
CONFLICTS OF INTEREST MITIGATION. The following explains and memorializes certain of the minimum conflicts of interest mitigation controls the Financial Agent, its employees, contractors, and its contractors’ employees (collectively, the “Financial Agent”) shall implement and monitor throughout the term of the FAA. The conflicts of interest mitigation controls are based on the Financial Agent’s role under the FAA. As more fully described in Exhibit A, the Financial Agent shall act as an asset manager for a portfolio of Small Business Administration (SBA) related loans and securities (the “Troubled Assets”) purchased by the Treasury or agents of the Treasury under the Troubled Asset Relief Program (“TARP”), pursuant to the Emergency Economic Stabilization Act of 2008 (the “Act”). In that role, the Financial Agent will be responsible for portfolio management, trade execution, advisory services, operations, analytics, and reporting.
CONFLICTS OF INTEREST MITIGATION. The following explains and memorializes certain of the minimum conflicts of interest mitigation controls the Financial Agent and its affiliates authorized in accordance with Section 14 of this FAA shall implement and monitor throughout the term of this FAA. The conflicts of interest mitigation controls are based on the Financial Agent’s role under this FAA. As more fully described in Exhibit A, the Financial Agent shall act as a capital markets execution agent with regard to the portfolio of securities and obligations received by the Treasury under the Troubled Asset Relief Program (“TARP”) pursuant to the Act. In such a role, the Financial Agent is responsible for providing the Disposition Services set forth in Exhibit A of this FAA, which may include strategic advice, analysis and trade execution related to the disposition of the Securities (as such term is defined in Exhibit A of this FAA). This Exhibit F shall remain in effect until such time as the Treasury no longer maintains any ownership of any of the Securities (as identified in Exhibit A). To the extent Exhibit A is amended to add additional securities, Exhibit F shall be reviewed to ensure that it appropriately identifies and mitigates conflicts of interest.
