Common use of Unadvanced Financing Account Loan Funds for Stock Purchases Clause in Contracts

Unadvanced Financing Account Loan Funds for Stock Purchases. The Holder acknowledges and agrees that the Government, upon liquidation or dissolution of the Bank, shall make no further advances on the portion of the Financing Account Loan(s) for purchases of Class B Stock and that such funds may be rescinded at the discretion of the Government.

Appears in 4 contracts

Samples: Stock Redemption Agreement, Stock Redemption Agreement (Shenandoah Telecommunications Co/Va/), Stock Redemption Agreement (North Pittsburgh Systems Inc)

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