Resolution Funding Corp Clause Samples

The 'Resolution Funding Corp' clause defines the role and obligations of the Resolution Funding Corporation (REFCORP) within the context of the agreement. Typically, this clause outlines how REFCORP assessments, fees, or contributions are to be handled by the parties, specifying who is responsible for payment and under what circumstances. For example, it may require one party to pay or reimburse the other for any costs related to REFCORP assessments imposed on certain financial transactions. The core function of this clause is to allocate financial responsibility for REFCORP-related charges, ensuring that there is no ambiguity about which party bears these costs and thereby preventing future disputes.