Failure to Obtain the Bank’s Prior Written Consent. It is a breach of this Contract if the PFI fails to obtain the Bank's prior written consent for: (1) a sale or transfer (directly or indirectly) of the majority interest in the PFI; or (2) a change in its corporate status, charter or structure.
Appears in 3 contracts
Samples: Participating Financial Institution Agreement, Participating Financial Institution Agreement, Participating Financial Institution Agreement
Failure to Obtain the Bank’s Prior Written Consent. It is a breach of this Contract if the PFI fails to obtain the Bank's ’s prior written consent for:
(1) a sale or transfer (directly or indirectly) of the majority interest in the PFI; or
(2) a change in its corporate status, charter or structure.
Appears in 2 contracts
Samples: Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago), Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago)
Failure to Obtain the Bank’s Prior Written Consent. It is a breach of this Contract if the PFI fails to obtain the Bank's ’s prior written consent for:
(1) a sale or transfer (directly or indirectly) of the majority interest in the PFI; or
(2) a change in its corporate status, charter or structure.
Appears in 2 contracts
Samples: Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago), Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago)
