Limitation on CDFI Fund and Federal Liability. The liability of the CDFI Fund and the United States Government arising out of the provision of any Assistance to the Recipient hereunder shall be limited to the amount of such Assistance. The CDFI Fund shall be exempt from any assessments and other liabilities that may be imposed on controlling or principal shareholders by any Federal law or the law of any State. Nothing herein is intended or should be construed to affect the application of any Federal tax law.
Appears in 5 contracts
Samples: Assistance Agreement (Shared Capital Cooperative), Assistance Agreement, Assistance Agreement
Limitation on CDFI Fund and Federal Liability. The liability of the CDFI Fund and the United States Government arising out of the provision of any CDFI RRP Assistance to the Recipient hereunder shall be limited to the amount of such CDFI RRP Assistance. The CDFI Fund shall be exempt from any assessments and other liabilities that may be imposed on controlling or principal shareholders by any Federal law or the law of any State. Nothing herein is intended or should be construed to affect the application of any Federal tax law.
Appears in 3 contracts
Samples: Assistance Agreement (Shared Capital Cooperative), Assistance Agreement, Assistance Agreement
Limitation on CDFI Fund and Federal Liability. The liability of the CDFI Fund and the United States Government arising out of the provision of any SDL Program Assistance to the Recipient hereunder shall be limited to the amount of such SDL Program Assistance. The CDFI Fund shall be exempt from any assessments and other liabilities that may be imposed on controlling or principal shareholders by any Federal law or the law of any State. Nothing herein is intended or should be construed to affect the application of any Federal tax law.
Appears in 1 contract
