Common use of PFI’s Financial Ability Impaired Clause in Contracts

PFI’s Financial Ability Impaired. It is a breach of this Contract if there is a change in the PFI's financial status that, in the Bank's opinion, materially and adversely affects the PFI's ability to satisfactorily perform any of its obligations under this Contract. Changes of this type include without limitation: (1) the PFI's insolvency; (2) adjudication of the PFI as a bankrupt; (3) appointment of a receiver or conservator for the PFI; (4) the PFI's execution of a general assignment for the benefit of its creditors; or (5) any regulatory action taken against the PFI by any regulatory agency that in the Bank’s sole judgment is likely to have a material adverse impact on the financial condition of the PFI or its ability to perform any of its obligations under this Contract.

PFI’s Financial Ability Impaired. It is a breach of this Contract if there is a change in the PFI's financial ’s financial status that, in the Bank's ’s opinion, materially and adversely affects affects the PFI's ’s ability to satisfactorily perform any of its obligations under this Contract. Changes of this type include without limitation: (1) the PFI's ’s insolvency; (2) adjudication of the PFI as a bankrupt; (3) appointment of a receiver or conservator for the PFI; (4) the PFI's ’s execution of a general assignment for the benefit benefit of its creditors; or (5) any regulatory action taken against the PFI by any regulatory agency that in the Bank’s sole judgment is likely to have a material adverse impact on the financial financial condition of the PFI or its ability to perform any of its obligations under this Contract.

PFI’s Financial Ability Impaired. It is a breach of this Contract if there is a change in the PFI's financial financial status that, in the Bank's opinion, materially and adversely affects affects the PFI's ability to satisfactorily perform any of its obligations under this Contract. Changes of this type include without limitation: (1) the PFI's insolvency; (2) adjudication of the PFI as a bankrupt; (3) appointment of a receiver or conservator for the PFI; (4) the PFI's execution of a general assignment for the benefit benefit of its creditors; or (5) any regulatory action taken against the PFI by any regulatory agency that in the Bank’s sole judgment is likely to have a material adverse impact on the financial financial condition of the PFI or its ability to perform any of its obligations under this Contract.

PFI’s Financial Ability Impaired. It is a breach of this Contract if there is a change in the PFI's financial financial status that, in the Bank's opinion, materially and adversely affects affects the PFI's ability to satisfactorily perform any of its obligations under this Contract. Changes of this type include without limitation: (1) the PFI's insolvency; (2) adjudication of the PFI as a bankrupt; (3) appointment of a receiver or conservator for the PFI; (4) the PFI's execution of a general assignment for the benefit benefit of its creditors; or (5) any regulatory action taken against the PFI by any regulatory agency that in the Bank’s 's sole judgment is likely to have a material adverse impact on the financial financial condition of the PFI or its ability to perform any of its obligations under this Contract.