Common use of Noncompliance by Member Clause in Contracts

Noncompliance by Member. The Member shall repay that portion of the Subsidy to the Bank, plus interest as may be required by the Bank consistent with the Bank’s AHP Policies and Procedures, that as a result of the Member’s actions or omissions is not used in compliance with the terms of this Agreement, the Application, or the requirements of the AHP Regulations and the Bank’s AHP Policies and Procedures, unless such noncompliance is cured by the Member within a reasonable period of time, as determined by the Bank, or the circumstances of such noncompliance are eliminated through an approved modification of the Application, in accordance with the applicable provisions of the AHP Regulations and Paragraph 11 hereof.

Noncompliance by Member. The Member shall repay that portion of the Subsidy to the Bank, plus interest as may be required conclusively determined by the Bank consistent with the Bank’s AHP Policies and Procedures, that that, as a result of the Member’s actions or omissions omissions, is not used in compliance with the terms of this Agreement, the Application, Application or the requirements of the AHP Regulations and the Bank’s AHP Policies and Procedures(“Noncompliance”), unless such noncompliance Noncompliance is cured by the Member within a reasonable period of time, as determined by the BankBank in its sole discretion, or the circumstances of such noncompliance are eliminated through an approved modification of the Application, in accordance with the applicable provisions of the AHP Regulations and Paragraph 11 hereof11.