Common use of FINANCIAL RELIEF Clause in Contracts

FINANCIAL RELIEF. 85. PEAKS has not acquired and will not acquire loans other than the Loans, does not and will not conduct business other than Loan Program business, and will cease conducting all business upon the completion of its obligations as set out in this Assurance. It is currently anticipated that PEAKS will begin the process of dissolution, winding up and termination promptly after completion of its obligations under the Redress Plan, the Bureau Order, and this Assurance. As laid out more fully in paragraph 113, the States are not seeking injunction, compliance, and reporting requirements relating to the subject matter of this Assurance beyond those specified in this Assurance.

Appears in 7 contracts

Samples: Assurance of Discontinuance, Assurance of Voluntary Compliance, Assurance of Discontinuance

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