Consumer Relief Sample Clauses

Consumer Relief. In addition, Bank of America shall provide $7,000,000,000.00 worth of consumer relief as set forth in Annex 2, attached hereto and hereby incorporated as a term of this Agreement, to remediate xxxxx resulting from the alleged unlawful conduct of Bank of America. The value of consumer relief provided shall be calculated and enforced pursuant to the terms of Annex 2. An independent monitor will determine whether Bank of America has satisfied the obligations contained in Annex 2 (such monitor to be Xxxx Xxxxx), and Bank of America will provide the Monitor with all documentation the Monitor needs to do so, excluding all privileged information. All costs associated with said Monitor shall be borne solely by Bank of America; notwithstanding the fact that Bank of America bears the costs associated with the Monitor, the Monitor shall be fully independent of Bank of America. Bank of America will refrain from retaining the Monitor to represent Bank of America in any capacity prior to two years after the date upon which Bank of America satisfies the Consumer Relief obligations set forth in Annex 2. Bank of America will also refrain from engaging the Monitor as a mediator in any matter to which Bank of America is a party until Bank of America satisfies the Consumer Relief obligations set forth in Annex 2. Bank of America shall also pay $490,160,000.00 (such amount to be referred to as the “Total Tax Relief Payment Amount”) of the Settlement Amount, in addition to the $7,000,000,000.00 worth of consumer relief, for the payment of consumer tax liability as a result of consumer relief as set forth in Annex 3, attached hereto and incorporated as a term of this Agreement. Such $490,160,000.00 will be deposited into an escrow account (such account to be referred to as the “Tax Relief Payment Account”) that is a Qualified Settlement Fund in accordance with Treasury Regulation 1.468B-1(a), and all aspects of the payments therefrom shall be handled by the Monitor provided for herein and shall not be the responsibility of Bank of America.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Consumer Relief. In addition, Citigroup shall provide $2.5 billion worth of consumer relief as set forth in Annex 2, attached and hereby incorporated as a term of this Agreement. The value of consumer relief provided shall be calculated and enforced pursuant to the terms of Annex 2. An independent monitor will be appointed to determine whether Citigroup has satisfied the obligations contained in this Paragraph (such monitor to be Xxxxxx X. Xxxxxxxx), and any costs associated with said Monitor shall be borne by Citigroup.
Sample 1Sample 2Sample 3
Consumer Relief. Xxxxxx Xxxxxxx shall also provide $400,000,000 worth of consumer relief as set forth in Appendix B, attached and hereby incorporated in this Agreement, to remediate xxxxx allegedly resulting from the conduct of Xxxxxx Xxxxxxx. The value of consumer relief provided shall be calculated and enforced pursuant to the terms of Appendix B. An independent monitor will be appointed to determine whether Xxxxxx Xxxxxxx has satisfied the obligations contained in this Paragraph (such monitor to be Xxxx Xxxxx, hereinafter the “Monitor”) and any costs associated with said Monitor shall be borne by Xxxxxx Xxxxxxx. Xxxxxx Xxxxxxx will refrain from retaining the Monitor to represent Xxxxxx Xxxxxxx in any capacity from the present until two years after the date on which Xxxxxx Xxxxxxx satisfies the Consumer Relief obligations set forth in Appendix X. Xxxxxx Xxxxxxx will also refrain from engaging the Monitor as a mediator in any further matter to which Xxxxxx Xxxxxxx is a party until Xxxxxx Xxxxxxx satisfies the Consumer Relief obligations set forth in Appendix B.
Sample 1Sample 2
Consumer Relief. (a) Seller shall deliver to the System of Record Provider any and all information requested by Buyer to be provided to the System of Record Provider, including, without limitation the information described in Exhibit P, as modified from time to time with Seller’s consent (not to be unreasonably withheld), and any other information that Buyer is entitled to receive pursuant any term or provision of this Agreement upon the same time frame that such Seller is obligated to provide such information to Buyer pursuant to the applicable term or provision of this Agreement. (b) Seller agrees to (a) cooperate with Buyer to (i) enable Buyer to satisfy any information, data and due diligence requests of the Monitor, including, but not limited to, providing Buyer and the Monitor with access to any and all documents, records, agreements, instruments or information relating to Seller and the Mortgage Loans in the possession, or under the control, of Seller (including, but not limited to, any and all documents, records, agreements, instruments or information relating to any report delivered pursuant to Section 7.08), (ii) enable Buyer to comply with any of the obligations, terms and conditions contained in the Settlement Agreement or contemplated therein and (iii) enable Buyer to comply with any request of the Monitor not set forth in clause (i) above, including agreeing to amendments reasonably necessary to the terms of the Repurchase Documents to accommodate any of the foregoing and (b) meet with the Monitor, at such time and location as Buyer may reasonably request, and make available to the Monitor, at such time and location as Buyer may reasonably request, a knowledgeable financial or accounting officer, and instruct such officer to answer candidly and fully any and all reasonable questions that the Monitor may address to them in reference to the Mortgage Loan Files, Mortgage Loans and the financial condition or affairs of Seller and its Affiliates and Subsidiaries. Seller and Buyer further agree that all reasonable and documented out-of-pocket costs and expenses incurred by Buyer and the Monitor in connection with their respective activities pursuant to this Section 7.40 shall be paid by Buyer. (c) Seller (a) shall not, and shall cause Servicer to not, be subject to an ongoing FIRREA settlement involving a consumer relief schedule with the United States Department of Justice, (b) shall not provide the required reporting to any party under a mortgage-related FIRREA s...
Sample 1Sample 2
Consumer Relief. In addition, in order to remediate the harm resulting from its allegedly unlawful conduct, Deutsche Bank shall provide $4.1 billion dollars of consumer relief as set forth in Annex 2, attached hereto and hereby incorporated as a term of this Agreement. The value of consumer relief provided shall be calculated and enforced pursuant to the terms of Annex 2. An independent monitor will determine whether Deutsche Bank has satisfied the obligations contained in Annex 2 (such monitor to be Xxxxxxx Xxxxxxxx (the "Monitor")), and Deutsche Bank will provide the Monitor with all documentation the Monitor needs to do so, excluding privileged information. Any costs associated with said Monitor shall be borne solely by Deutsche Bank. Notwithstanding the fact that Deutsche Bank bears the costs associated with the Monitor, the Monitor shall be fully independent of Deutsche Bank. Deutsche Bank will refrain from retaining the Monitor to represent Deutsche Bank in any capacity prior to two years after the date upon which Deutsche Bank satisfies the consumer relief obligations set forth in Annex 2. Deutsche Bank will also refrain from engaging the Monitor as a mediator in any matter to which Deutsche Bank is a party until Deutsche Bank satisfies the consumer relief obligations set forth in Annex 2.
Sample 1
Consumer Relief. In addition, Bank of America shall provide $7,000,000,000.00 worth of consumer relief as set forth in Annex 2, attached hereto and hereby incorporated as a term of this Agreement, to remediate xxxxx resulting from the alleged unlawful conduct of Bank of America. The value of consumer relief provided shall be calculated and enforced pursuant to the terms of Annex 2. An independent monitor will determine whether Bank of America has satisfied the obligations contained in Annex 2 (such monitor to be Xxxx Xxxxx), and Bank of 8
Sample 1
Consumer Relief. RBS or its affiliates shall also provide $400,000,000 of consumer relief credits in New York, as set forth in Appendix B to this Agreement, to remediate xxxxx allegedly resulting from the conduct of RBS. The value of consumer relief credits provided shall be calculated and enforced pursuant to the terms of Appendix B. A monitor will determine whether RBS has satisfied the obligations contained in Appendix B (such monitor to be Xxxx Xxxxx) (the “Monitor”), and RBS will provide the Monitor with all documentation the Monitor needs to do so, excluding privileged information. Any costs associated with said Monitor shall be borne solely by RBS or its affiliates. Notwithstanding the fact that RBS bears the costs associated with the Monitor, the Monitor shall be fully independent of RBS. RBS will refrain from retaining the Monitor to represent RBS in any capacity prior to two years after the date upon which RBS satisfies the consumer relief obligations set forth in Appendix B. RBS will also refrain from engaging the Monitor as a mediator in any matter to which RBS is a party until RBS satisfies the consumer relief obligations set forth in Appendix B.
Sample 1
AutoNDA by SimpleDocs

Related to Consumer Relief

  • Consumer Rights Care has been taken to use plain language and to give clear explanations in these terms and conditions. If any words alone or in combination infringe consumer rights laws or any other provision of law, they shall be treated as severable and shall be replaced with words which give as near the original meaning as may be fair. Nothing in these terms and conditions affects the Parents' statutory rights.

  • Consumer Protection 1. The Parties recognize the importance of maintaining and adopting transparent and effective measures to protect consumers from fraudulent and deceptive commercial practices in electronic commerce. 2. To this end, the Parties shall exchange information on their experiences in protecting consumers engaged in electronic commerce.

  • CONSUMER PROTECTION ACT 25.1 The Purchaser confirms that it has considered all of the clauses in terms whereof he, amongst other things, limit the liability of the Seller or any other person and acknowledges any fact, in detail. The Parties further acknowledge that none of the terms of this Agreement should be construed as an acknowledgement that the CPA applies to this transaction in circumstances where the CPA would not have been applicable to the transaction.

  • Telephone Consumer Protection Act Consent Each Member expressly consents to receiving calls and messages, including auto-dialed and pre-recorded message calls, and SMS messages (including text messages) from the Administrator, its affiliates, agents and others calling at their request or on their behalf, at any telephone numbers that the Member has provided to the Company or Masterworks (including any cellular telephone numbers). Member’s cellular or mobile telephone provider will charge Member according to the type of plan Member carries. Any Member may unsubscribe from receiving text messages or promotional calls at any time by (i) replying STOP, STOPALL, UNSUBSCRIBE, CANCEL, END or QUIT to any text message such Member receives from the Company or Masterworks or (ii) email to sxxxxxx@Xxxxxxxxxxx.xx with one of the forgoing words in the subject line. Each Member acknowledges and consents that following such a request to unsubscribe, such Member may receive one final text message from Masterworks confirming such request.

  • Consumer Price Index For purposes of this Agreement, the term “CPI” refers to the Consumer Price Index as published by the Bureau of Labor Statistics of the United States Department of Labor, U.S. City Average, All Items for Urban Wage Earners and Clerical Workers (1982-1984=100). If the CPI is hereafter converted to a different standard reference base or otherwise revised, the determination of the CPI adjustment shall be made with the use of such conversion factor, formula or table for converting the CPI, as may be published by the Bureau of Labor Statistics, or, if the bureau shall no longer publish the same, then with the use of such conversion factor, formula or table as may be published by an agency of the United States, or failing such publication, by a nationally recognized publisher of similar statistical information.

  • Consumer Leases No Receivable constitutes a “consumer lease” under either (a) the UCC as in effect in the jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 USC 1667.

  • Consumer Liability Generally. Tell us AT ONCE if you believe your card and/or code has been lost or stolen, or if you believe that an electronic fund transfer has been made without your permission using information from your check or draft. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). If you tell us within 2 business days after you learn of the loss or theft of your card and/or code, you can lose no more than $50 if someone used your card and/or code without your permission. If you do NOT tell us within 2 business days after you learn of the loss or theft of your card and/or code, and we can prove we could have stopped someone from using your card and/or code without your permission if you had told us, you could lose as much as $500. Also, if your statement shows transfers that you did not make, including those made by card, code or other means, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time. If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods.

  • CONSUMER REPORTS The Buyer is hereby notified that a consumer report containing credit and/or personal information may be referred to in connection with this transaction.

  • OMNIBUS PROCUREMENT ACT OF 1992 It is the policy of New York State to maximize opportunities for the participation of New York State business enterprises, including minority and women-owned business enterprises as bidders, subcontractors and suppliers on its procurement contracts. Information on the availability of New York State subcontractors and suppliers is available from: NYS Department of Economic Development Division for Xxxxx Xxxxxxxx Xxxxxx, Xxx Xxxx 00000 Telephone: 000-000-0000 Fax: 000-000-0000 email: xxx@xxx.xx.xxx A directory of certified minority and women-owned business enterprises is available from: NYS Department of Economic Development Division of Minority and Women's Business Development 000 Xxxxx Xxxxxx Xxx Xxxx, XX 00000 212-803-2414 email: xxxxxxxxxxxxxxxxx@xxx.xx.xxx xxxxx://xx.xxxxxxxxxxxxxx.xxx/FrontEnd/VendorSearchPu blic.asp The Omnibus Procurement Act of 1992 requires that by signing this bid proposal or contract, as applicable, Contractors certify that whenever the total bid amount is greater than $1 million: (a) The Contractor has made reasonable efforts to encourage the participation of New York State Business Enterprises as suppliers and subcontractors, including certified minority and women-owned business enterprises, on this project, and has retained the documentation of these efforts to be provided upon request to the State; (b) The Contractor has complied with the Federal Equal Opportunity Act of 1972 (P.L. 92-261), as amended; (c) The Contractor agrees to make reasonable efforts to provide notification to New York State residents of employment opportunities on this project through listing any such positions with the Job Service Division of the New York State Department of Labor, or providing such notification in such manner as is consistent with existing collective bargaining contracts or agreements. The Contractor agrees to document these efforts and to provide said documentation to the State upon request; and (d) The Contractor acknowledges notice that the State may seek to obtain offset credits from foreign countries as a result of this contract and agrees to cooperate with the State in these efforts.

  • INTERNATIONAL BOYCOTT PROHIBITION In accordance with Section 220-f of the Labor Law and Section 139-h of the State Finance Law, if this contract exceeds $5,000, the Contractor agrees, as a material condition of the contract, that neither the Contractor nor any substantially owned or affiliated person, firm, partnership or corporation has participated, is participating, or shall participate in an international boycott in violation of the federal Export Administration Act of 1979 (50 USC App. Sections 2401 et seq.) or regulations thereunder. If such Contractor, or any of the aforesaid affiliates of Contractor, is convicted or is otherwise found to have violated said laws or regulations upon the final determination of the United States Commerce Department or any other appropriate agency of the United States subsequent to the contract's execution, such contract, amendment or modification thereto shall be rendered forfeit and void. The Contractor shall so notify the State Comptroller within five (5) business days of such conviction, determination or disposition of appeal (2NYCRR 105.4).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!