Limitations on Repurchase and Redemption. During a Dividend Restriction Period, an FHLBank (i) shall conduct any Redemption and Repurchase transaction, if otherwise permitted, only at par value; and (ii) shall not engage in a Repurchase or Redemption transaction if following such transaction the FHLBank’s Total Capital as reported to the FHFA falls below the FHLBank’s aggregate paid-in amount of capital stock.
Appears in 8 contracts
Samples: Joint Capital Enhancement Agreement, Joint Capital Enhancement Agreement (Federal Home Loan Bank of Cincinnati), Joint Capital Enhancement Agreement (Federal Home Loan Bank of Boston)
Limitations on Repurchase and Redemption. During a Dividend Restriction Period, an FHLBank (i) shall conduct any Redemption and Repurchase transaction, if otherwise permitted, only at par value; and (ii) shall not engage in a Repurchase or Redemption transaction if following such transaction the FHLBank’s 's Total Capital as reported to the FHFA falls below the FHLBank’s 's aggregate paid-in amount of capital stock.
Appears in 4 contracts
Samples: Joint Capital Enhancement Agreement (Federal Home Loan Bank of Indianapolis), Joint Capital Enhancement Agreement (Federal Home Loan Bank of San Francisco), Joint Capital Enhancement Agreement (Federal Home Loan Bank of Chicago)
