Common use of CONFLICTS OF INTEREST MITIGATION Clause in Contracts

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 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.