Common use of Source of Strength Clause in Contracts

Source of Strength. 1. The boards of directors of the Companies shall take appropriate steps to fully utilize the Companies’ financial and managerial resources, pursuant to section 38A of the Federal Deposit Insurance Act, as amended (the “FDI Act”) (12 U.S.C. § 1831o-1) and section 238.8(a)(1) of Regulation LL of the Board of Governors of the Federal Reserve System (the “Board of Governors”) (12 C.F.R. § 238.8(a)(1)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with the Consent Order, and any other supervisory action taken by the Bank’s federal regulator.

Source of Strength. 1. The boards board of directors of the Companies Company shall take appropriate steps to fully utilize the Companies’ Company’s financial and managerial resources, pursuant to section 38A of the Federal Deposit Insurance Act, as amended Act (the “FDI Act”) (12 U.S.C. § 1831o-1) and section 238.8(a)(1225.4(a) of Regulation LL Y of the Board of Governors of the Federal Reserve System (the “Board of Governors”) (12 C.F.R. § 238.8(a)(1225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with the Consent Order, this Agreement and any other supervisory action taken by the Bank’s federal or state regulator.

Source of Strength. 1. The boards of directors of the Companies shall take appropriate steps to fully utilize the Companies’ financial and managerial resources, pursuant to section 38A of the Federal Deposit Insurance Act, as amended (the “FDI Act”) Act (12 U.S.C. § 1831o-11830o-1) and section 238.8(a)(1) of Regulation LL Y of the Board of Governors of the Federal Reserve System (the “Board of Governors”) (12 C.F.R. § 238.8(a)(1225.4 (a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with the Consent OrderOrder issued jointly by the Federal Deposit Insurance Corporation and the Commissioner on May 13, 2011, and any other supervisory action taken by the Bank’s federal or state regulator.

Source of Strength. 1. The boards board of directors of the Companies shall take appropriate steps to fully utilize the Companies’ financial and managerial resources, pursuant to section 38A of the Federal Deposit Insurance Act, as amended (the “FDI Act”) Act (12 U.S.C. § 1831o-11830o-1) and section 238.8(a)(1225.4(a) of Regulation LL Y of the Board of Governors of the Federal Reserve System (the “Board of Governors”) (12 C.F.R. § 238.8(a)(1225.4(a)), to serve as a source of strength to the Bank, including, but not limited to, taking steps to ensure that the Bank complies with the Consent Order, this Agreement and any other supervisory action taken by the Bank’s federal or state regulator.