Federal Deposit Insurance Act. The Parties acknowledge and agree that if a Party is an “insured depository institution,” as such term is defined in the Federal Deposit Insurance Act, as amended (“FDIA”), then each Transaction hereunder is a “qualified financial contract,” as that term is defined in FDIA and any rules, orders or policy statements thereunder (except insofar as the type of assets subject to such Transaction would render such definition inapplicable).
Appears in 4 contracts
Samples: Master Repurchase and Securities Contract (Cim Real Estate Finance Trust, Inc.), Master Repurchase and Securities Contract (NorthStar Real Estate Income Trust, Inc.), Master Repurchase and Securities Contract (Resource Capital Corp.)
Federal Deposit Insurance Act. The Parties acknowledge and agree that if a Party is an “"insured depository institution,” " as such term is defined in the Federal Deposit Insurance Act, as amended (“"FDIA”"), then each Transaction hereunder is a “"qualified financial contract,” " as that term is defined in FDIA and any rules, orders or policy statements thereunder (except insofar as the type of assets subject to such Transaction would render such definition inapplicable).
Appears in 1 contract
Samples: Master Repurchase and Securities Contract (Exantas Capital Corp.)
