Common use of Participating in Program Established by Proposed Legislation Clause in Contracts

Participating in Program Established by Proposed Legislation. For the avoidance of doubt, the parties acknowledge and agree that, subject to the Borrower’s covenants and other provisions applicable to the Borrower in this Agreement, the Borrower and its Subsidiaries may sell assets under, and otherwise participate in, any program, facility or arrangement that may be established pursuant to legislation that may be enacted (including the legislation that has been referred to as the “Troubled Asset Relief Act of 2008”) in accordance with the terms of such program, facility or arrangement. Signature Signature

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement, Credit Agreement

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Participating in Program Established by Proposed Legislation. For the avoidance of doubt, the parties acknowledge and agree that, subject to the Borrower’s covenants and other provisions applicable to the Borrower in this Agreement, the Borrower and its Subsidiaries may sell assets under, and otherwise participate in, any program, facility or arrangement that may be established pursuant to legislation that may be enacted (including the legislation that has been referred to as the “Troubled Asset Relief Act of 2008”) in accordance with the terms of such program, facility or arrangement. Signature Signature.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (American International Group Inc)

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