Common use of Regulatory Disapproval Clause in Contracts

Regulatory Disapproval. If the Consumer Finance Protection Bureau, Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Office of Mortgage Settlement Oversight and/or the Monitoring Committee of the National Mortgage Settlement disapprove this Settlement Agreement before the Trustees’ Acceptance Date, or performance of this Settlement Agreement by JPMorgan otherwise becomes legally impossible, JPMorgan, with the consent of the Accepting Trustees (such consent not to be unreasonably withheld) shall have the right to terminate this Settlement Agreement.

Regulatory Disapproval. If the Consumer Finance Protection Bureau, Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Office of Mortgage Settlement Oversight and/or and the Monitoring Committee of the National Mortgage Settlement disapprove this Settlement Agreement before the Trustees’ Acceptance Date, or performance of this Settlement Agreement by JPMorgan otherwise becomes legally impossible, JPMorgan, with JPMorgan and the consent of the Accepting Trustees (such consent not to be unreasonably withheld) Institutional Investors shall have the right to terminate this Settlement Agreement.