Common use of Contingency Fund Clause in Contracts

Contingency Fund. a. The Contingency Fund, which is part of the insurance fund authorized under section 516(c) of the Act (7 U.S.C. 1516(c)), is used to offset expenses incurred by FCIC to administer an AIP’s book of business in the event of AIP supervision, rehabilitation, insolvency or operational deficiency, or an equivalent event, as determined by FCIC, or the Agreement is terminated for cause. b. Any amounts owed to FCIC by the Company in accordance with sections II.B.14., IV.B.8., IV.H., and IV.J.4. will be accounted for in the Contingency Fund.

Contingency Fund. a. The Contingency Fund, which is part of the insurance fund authorized under section 516(c) of the Act (7 U.S.C. 1516(c)), is used to offset expenses incurred by FCIC to administer any Company’s an AIP’s book of business in the event of Company AIP supervision, rehabilitation, insolvency or operational deficiency, or an equivalent event, as determined by FCIC, or the Agreement is terminated for cause. b. Any amounts owed to FCIC by the Company in accordance with sections II.B.14., IV.B.8IV.B.78., IV.H., and IV.J.4. will be accounted for in made to the Contingency Fund.