Common use of Depository Institution Holding Company Recipients Clause in Contracts

Depository Institution Holding Company Recipients. In the case where the Depository Institution Holding Company Recipient deploys its Financial Assistance through its Subsidiary Insured Depository Institution, the Assistance must be used to capitalize the Subsidiary Insured Depository Institution to carry out Authorized Financial Assistance Activities. The Recipient must ensure that the transfer of funds to the Subsidiary Insured Depository Institution meets the requirements described in the Uniform Requirements at 2 CFR 200.331. Furthermore, in such instances where the Depository Institution Holding Company deploys all or a portion of its Financial Assistance through its Subsidiary Insured Depository Institution, such Subsidiary Insured Depository Institution must submit a Performance Progress Report, TLR, and Uses of Award Report. If the Depository Institution Holding Company deploys any portion of the Financial Assistance, the Depository Institution Holding Company must submit a Performance Progress Report, TLR, and Uses of Award Report.

Depository Institution Holding Company Recipients. In the case where the Depository Institution Holding Company Recipient deploys its Financial Assistance through its Subsidiary Insured Depository Institution, the Assistance must be used to capitalize the Subsidiary Insured Depository Institution to carry out Authorized Financial Assistance Activities. The Recipient must ensure that the transfer of funds to the Subsidiary Insured Depository Institution meets the requirements described in the Uniform Requirements at 2 CFR C.F.R. 200.331. Furthermore, in such instances where the Depository Institution Holding Company deploys all or a portion of its Financial Assistance through its Subsidiary Insured Depository Institution, such Subsidiary Insured Depository Institution must submit a Performance Progress Report, TLR, and Uses of Award Report. If the Depository Institution Holding Company deploys any portion of the Financial Assistance, the Depository Institution Holding Company must submit a Performance Progress Report, TLR, and Uses of Award Report.