Common use of Restrictions on the Use of Assistance Clause in Contracts

Restrictions on the Use of Assistance. (a) The Recipient shall not use any Assistance provided hereunder in a manner other than as authorized hereunder, unless the Recipient consults with and obtains the prior written approval of the CDFI Fund. (b) The Recipient shall not transfer Assistance to any Affiliate or Subsidiary without the CDFI Fund’s prior written approval. Notwithstanding the foregoing, Depository Institution Holding Companies may transfer Assistance to the Subsidiary Insured Depository Institution identified on the signature page of the Assistance Agreement in accordance with Section

Appears in 4 contracts

Samples: Assistance Agreement, Assistance Agreement, Assistance Agreement

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