Common use of Controlling Entity Regulated Institution Disclosure Clause in Contracts

Controlling Entity Regulated Institution Disclosure. As applicable, the Allocatee hereby certifies the following: (a) If, as of the effective date of this Allocation Agreement, or during the term of this Allocation Agreement, the Allocatee’s Controlling Entity is a regulated institution that is subject to an enforcement action (which term includes, but is not limited to, a consent order, written agreement, or an order to cease and desist) by one or more of its regulators, governmental agencies or a court of law, it shall disclose such information to the CDFI Fund in the manner set forth in section 6.9(a) of this Agreement; (b) The Allocatee has disclosed to the CDFI Fund all enforcement actions to which the Allocatee’s Controlling Entity is currently subject; and (c) None of the enforcement actions, to which the Awardee’s Controlling Entity is subject, has or will have a material adverse effect on the Allocatee, its financial condition, or the Allocatee’s ability to perform under this Allocation Agreement.

Controlling Entity Regulated Institution Disclosure. As applicable, the Allocatee hereby certifies the following: (a) If, as of the effective date of this Allocation Agreement, or during the term of this Allocation Agreement, the Allocatee’s Controlling Entity is a regulated institution that is subject to an enforcement action (which term includes, but is not limited to, a consent order, written agreement, or an order to cease and desist) by one or more of its regulators, governmental agencies or a court of law, it shall disclose such information to the CDFI Fund in the manner set forth in section 6.9(a) of this Agreement; (b) The Allocatee has disclosed to the CDFI Fund all enforcement actions to which the Allocatee’s Controlling Entity is currently subject; and (c) None of the enforcement actions, to which the Awardee’s Controlling Entity is subjectsubject to, has or will have a material adverse effect on the Allocatee, its financial condition, or the Allocatee’s ability to perform under this Allocation Agreement.