Common use of Federal Regulatory Provisions Clause in Contracts

Federal Regulatory Provisions. (a) If Xxxxxx is suspended and/or temporarily prohibited from participating in the conduct of Cascade's affairs by a notice served under section 8 (e)(3) or (g)(1) of Federal Deposit Insurance Act (12 U.S.C. 1818 (e)(3) and (g)(1)) Cascade’s obligations under this Agreement shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed, Cascade may in its discretion (i) pay Xxxxxx all or part of the compensation withheld while its obligations under this Agreement were suspended, and (ii) reinstate (in whole or in part) any of its obligations which were suspended. (b) If Xxxxxx is removed and/or permanently prohibited from participating in the conduct of Cascade’s affairs by an order issued under section 8 (e)(4) or (g)(1) of the U.S.C. 1818 (e)(4) or (g)(1)), all obligations of Cascade under this Agreement shall terminate as of the effective date of the order, but vested rights of the Parties shall not be affected. (c) If Cascade is in default (as defined in section 3(x)(1) of the Federal Deposit Insurance Act), all obligations under this Agreement shall terminate as of the date of default, but this paragraph (c) shall not affect any vested rights of the Parties. (d) All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary to the continued operation of Cascade: (i) By the Director of the Federal Deposit Insurance Corporation ("Director") or his or her designee, at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of Cascade under the authority contained in 13(c) of the Federal Deposit Insurance Act; or (ii) By the Director or his or her designee, at the time the Director or his or her designee approves a supervisory merger to resolve problems related to operation of Cascade or when Cascade is determined by the Director to be in an unsafe or unsound condition.

Federal Regulatory Provisions. (a) If Xxxxxx Executive is suspended and/or temporarily prohibited from participating in the conduct of Cascade's Westsound Bank’s affairs by a notice served under section 8 (e)(38(e)(3) or (g)(1) of Federal Deposit Insurance Act (12 U.S.C. 1818 (e)(3) and (g)(1)) CascadeWestsound Bank’s obligations under this Agreement shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed, Cascade Westsound Bank may in its discretion (i) pay Xxxxxx Executive all or part of the compensation withheld while its obligations under this Agreement were suspended, and (ii) reinstate (in whole or in part) any of its obligations which were suspended. (b) If Xxxxxx Executive is removed and/or permanently prohibited from participating in the conduct of CascadeWestsound Bank’s affairs by an order issued under section 8 (e)(4) or (g)(1) of the U.S.C. 1818 (e)(4) or (g)(1)), all obligations of Cascade Westsound Bank under this Agreement shall terminate as of the effective date of the order, but vested rights of the Parties shall not be affected. (c) If Cascade Westsound Bank is in default (as defined in section 3(x)(1) of the Federal Deposit Insurance Act), all obligations under this Agreement shall terminate as of the date of default, but this paragraph (c) shall not affect any vested rights of the Parties.. Xxxxxx Xxxxxxxx l.l.p. Suite 3200 0000 Xxxxx Xxxxxx Xxxxxxx, Xxxxxxxxxx 00000-0000 (000) 000-0000 (d) All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary to the continued operation of CascadeWestsound Bank: (i) By the Director of the Federal Deposit Insurance Corporation ("“Director"”) or his or her designee, at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of Cascade Westsound under the authority contained in 13(c) of the Federal Deposit Insurance Act; or (ii) By the Director or his or her designee, at the time the Director or his or her designee approves a supervisory merger to resolve problems related to operation of Cascade Westsound or when Cascade Westsound is determined by the Director to be in an unsafe or unsound condition.

Federal Regulatory Provisions. (a) If Xxxxxx Xxxxxxx is suspended and/or temporarily prohibited from participating in the conduct of CascadeWestsound's affairs by a notice served under section 8 (e)(3) or (g)(1) of Federal Deposit Insurance Act (12 U.S.C. 1818 (e)(3) and (g)(1)) Cascade’s Westsound's obligations under this Agreement shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed, Cascade Westsound may in its discretion (i) pay Xxxxxx Xxxxxxx all or part of the compensation withheld while its obligations under this Agreement were suspended, and (ii) reinstate (in whole or in part) any of its obligations which were suspended. (b) If Xxxxxx Xxxxxxx is removed and/or permanently prohibited from participating in the conduct of Cascade’s Westsound's affairs by an order issued under section 8 (e)(4) or (g)(1) of the U.S.C. 1818 (e)(4) or (g)(1)), all obligations of Cascade Westsound under this Agreement shall terminate as of the effective date of the order, but vested rights of the Parties shall not be affected. (c) If Cascade Westsound is in default (as defined in section 3(x)(1) of the Federal Deposit Insurance Act), all obligations under this Agreement shall terminate as of the date of default, but this paragraph (c) shall not affect any vested rights of the Parties. (d) All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary to the continued operation of CascadeWestsound: (i) By the Director of the Federal Deposit Insurance Corporation ("Director") or his or her designee, at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of Cascade Westsound under the authority contained in 13(c) of the Federal Deposit Insurance Act; or (ii) By the Director or his or her designee, at the time the Director or his or her designee approves a supervisory merger to resolve problems related to operation of Cascade Westsound or when Cascade Westsound is determined by the Director to be in an unsafe or unsound condition.

Federal Regulatory Provisions. (a) If Xxxxxx Employee is suspended and/or temporarily prohibited from participating in the conduct of Cascadethe bank's affairs by a notice served under section 8 (e)(3) or (g)(1g)(l) of Federal Deposit Insurance Act (12 U.S.C. 1818 (e)(3) and (g)(1)) Cascade’s the Employer's obligations under this Agreement the contract shall be suspended as of the date of service unless stayed staved by appropriate proceedings. If the charges in the notice are dismissed, Cascade Employer may in its discretion (i) pay Xxxxxx the Employee all or part of the compensation withheld while its contract obligations under this Agreement were suspended, and (ii) reinstate (in whole or in part) any of its obligations which were suspended. (b) If Xxxxxx Employee is removed and/or permanently prohibited from participating in the conduct of Cascade’s the Employer's affairs by an order issued under section 8 (e)(4) or (g)(1g)(l) of the U.S.C. 1818 (e)(4) or (g)(1)), all obligations of Cascade Employer under this Agreement the contract shall terminate as of the effective date of the order, but vested rights of the contracting Parties shall not be affected. (c) If Cascade Bank is in default (as defined in section 3(x)(13(x)(l) of the Federal Deposit Insurance Act), all obligations under this Agreement the contract shall terminate as of the date of default, but this paragraph (cd) shall not affect any vested rights of the Partiescontracting parties. (d) All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement the contract is necessary to the continued operation of CascadeCascade Bank: (i) By the Director of the Federal Deposit Insurance Corporation ("Director") or his or her designee, at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of Cascade Bank under the authority contained in 13(c) of the Federal Deposit Insurance Act; or (ii) By the Director or his or her designee, at the time the Director or his or her designee approves a supervisory merger to resolve problems related to operation of Cascade Bank or when Cascade Bank is determined by the Director to be in an unsafe or unsound condition.

Federal Regulatory Provisions. (a) If Xxxxxx Employee is suspended and/or temporarily prohibited from participating in the conduct of Cascadethe bank's affairs by a notice served under section 8 (e)(3) or (g)(1) of Federal Deposit Insurance Act (12 U.S.C. 1818 (e)(3) and (g)(1)) Cascade’s the Employer's obligations under this Agreement the contract shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed, Cascade Employer may in its discretion (i) pay Xxxxxx the Employee all or part of the compensation withheld while its contract obligations under this Agreement were suspended, and (ii) reinstate (in whole or in part) any of its obligations which were suspended. (b) If Xxxxxx Employee is removed and/or permanently prohibited from participating in the conduct of Cascade’s the Employer's affairs by an order issued under section 8 (e)(4) or (g)(1) of the U.S.C. 1818 (e)(4) or (g)(1)), all obligations of Cascade Employer under this Agreement the contract shall terminate as of the effective date of the order, but vested rights of the contracting Parties shall not be affected. (c) If Cascade Bank is in default (as defined in section 3(x)(1) of the Federal Deposit Insurance Act), all obligations under this Agreement the contract shall terminate as of the date of default, but this paragraph (cd) shall not affect any vested rights of the Partiescontracting parties. (d) All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement the contract is necessary to the continued operation of CascadeCascade Bank: (i) By the Director of the Federal Deposit Insurance Corporation ("Director") or his or her designee, at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of Cascade Bank under the authority contained in 13(c) of the Federal Deposit Insurance Act; or (ii) By the Director or his or her designee, at the time the Director or his or her designee approves a supervisory merger to resolve problems related to operation of Cascade Bank or when Cascade Bank is determined by the Director to be in an unsafe or unsound condition.

Federal Regulatory Provisions. (a) If Xxxxxx Xxxxxxx is suspended and/or temporarily prohibited from participating in the conduct of CascadeWestsound's affairs by a notice served under section 8 (e)(3) or (g)(1) of Federal Deposit Insurance Act (12 U.S.C. 1818 (e)(3) and (g)(1)) Cascade’s Westsound's obligations under this Agreement shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed, Cascade Westsound may in its discretion (i) pay Xxxxxx Xxxxxxx all or part of the compensation withheld while its obligations under this Agreement were suspended, and (ii) reinstate (in whole or in part) any of its obligations which were suspended. (b) If Xxxxxx Xxxxxxx is removed and/or permanently prohibited from participating in the conduct of Cascade’s Westsound's affairs by an order issued under section 8 (e)(4) or (g)(1) of the U.S.C. 1818 (e)(4) or (g)(1)), all obligations of Cascade Westsound under this Agreement shall terminate as of the effective date of the order, but vested rights of the Parties shall not be affected. (c) If Cascade Westsound is in default (as defined in section 3(x)(1) of the Federal Deposit Insurance Act), all obligations under this Agreement shall terminate as of the date of default, but this paragraph (c) shall not affect any vested rights of the Parties. (d) All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary to the continued operation of CascadeWestsound: (i) By the Director of the Federal Deposit Insurance Corporation ("Director") or his or her designee, at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of Cascade Westsound under the authority contained in 13(c) of the Federal Deposit Insurance Act; oror XXXXXX XXXXXXXX L.L.P. SUITE 3200 0000 XXXXX XXXXXX XXXXXXX, XXXXXXXXXX 00000-0000 (000) 000-0000 (ii) By the Director or his or her designee, at the time the Director or his or her designee approves a supervisory merger to resolve problems related to operation of Cascade Westsound or when Cascade Westsound is determined by the Director to be in an unsafe or unsound condition.

Federal Regulatory Provisions. (a) If Xxxxxx Nelson is suspended and/or temporarily prohibited from participating particixxxxxx in the conduct of Cascade's affairs by a notice served under section 8 (e)(3) or (g)(1) of Federal Deposit Insurance Act (12 U.S.C. 1818 (e)(3) and (g)(1)) Cascade’s 's obligations under this Agreement shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed, Cascade may in its discretion (i) pay Xxxxxx Nelson all or part of the compensation withheld while its obligations under obligationx xxxxr this Agreement were suspended, and (ii) reinstate (in whole or in part) any of its obligations which were suspended. (b) If Xxxxxx Nelson is removed and/or permanently prohibited from participating participxxxxx in the conduct of Cascade’s 's affairs by an order issued under section 8 (e)(4) or (g)(1) of the U.S.C. 1818 (e)(4) or (g)(1)), all obligations of Cascade under this Agreement shall terminate as of the effective date of the order, but vested rights of the Parties shall not be affected. (c) If Cascade is in default (as defined in section 3(x)(1) of the Federal Deposit Insurance Act), all obligations under this Agreement shall terminate as of the date of default, but this paragraph (c) shall not affect any vested rights of the Parties.. KELLER ROHRBACK L.L.P. SUITE 3200 1201 THIRD AVENUE XXXXXXX, XXXXXXXXXX 00000-0000 (000) 003-1900 (dx) All obligations Xxx xbligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary to the continued operation of Cascade: (i) By the Director of the Federal Deposit Insurance Corporation ("Director") or his or her designee, at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of Cascade under the authority contained in 13(c) of the Federal Deposit Insurance Act; or (ii) By the Director or his or her designee, at the time the Director or his or her designee approves a supervisory merger to resolve problems related to operation of Cascade or when Cascade is determined by the Director to be in an unsafe or unsound condition.

Federal Regulatory Provisions. (a) If Xxxxxx Executive is suspended and/or temporarily prohibited from participating in the conduct of CascadeWestsound's affairs by a notice served under section 8 (e)(3) or (g)(1) of Federal Deposit Insurance Act (12 U.S.C. 1818 (e)(3) and (g)(1)) Cascade’s Westsound's obligations under this Agreement shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed, Cascade Westsound may in its discretion (i) pay Xxxxxx Executive all or part of the compensation withheld while its obligations under this Agreement were suspended, and (ii) reinstate (in whole or in part) any of its obligations which were suspended. (b) If Xxxxxx Executive is removed and/or permanently prohibited from participating in the conduct of Cascade’s Westsound's affairs by an order issued under section 8 (e)(4) or (g)(1) of the U.S.C. 1818 (e)(4) or (g)(1)), all obligations of Cascade Westsound under this Agreement shall terminate as of the effective date of the order, but vested rights of the Parties shall not be affected. (c) If Cascade Westsound is in default (as defined in section 3(x)(1) of the Federal Deposit Insurance Act), all obligations under this Agreement shall terminate as of the date of default, but this paragraph (c) shall not affect any vested rights of the Parties. (d) All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary to the continued operation of CascadeWestsound: (i) By the Director of the Federal Deposit Insurance Corporation ("Director") or his his/her or her designee, at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of Cascade Westsound under the authority contained in 13(c) of the Federal Deposit Insurance Act; or (ii) By the Director or his his/her or her designee, at the time the Director or his his/her or her designee approves a supervisory merger to resolve problems related to operation of Cascade Westsound or when Cascade Westsound is determined by the Director to be in an unsafe or unsound condition.