Common Contracts
3 similar Investment Memorandum of Understanding contracts
INVESTMENT MEMORANDUM OF UNDERSTANDING ("MOU")Investment Memorandum of Understanding • March 12th, 2021 • New York
WHEREAS, the Federal Reserve Board, under the authority of Section 13(3) of the Federal Reserve Act, 12 U.S.C. § 343(3), with approval of the Secretary, authorized the Federal Reserve Bank of New York to establish the Primary Market Corporate Credit Facility and the Secondary Market Corporate Credit Facility (the "CCFs") to support the flow of credit to households and businesses to help the nation respond to the COVID-19 emergency.
Standard Contracts
INVESTMENT MEMORANDUM OF UNDERSTANDING ("MOU")Investment Memorandum of Understanding • July 24th, 2020 • New York
WHEREAS, the Federal Reserve Board, under the authority of Section 13(3) of the Federal Reserve Act, 12 U.S.C. § 343(3), with approval of the Secretary, authorized the Federal Reserve Bank of New York to establish the Commercial Paper Funding Facility ("CPFF") to support the flow of credit to households and businesses to help the nation respond to the COVID- 19 emergency.
INVESTMENT MEMORANDUM OF UNDERSTANDING ("MOU")Investment Memorandum of Understanding • July 24th, 2020 • New York
WHEREAS, the Secretary agreed to make an equity contribution of $75 billion from the Exchange Stabilization Fund, with an investment authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, to the LLC, a special purpose vehicle established by the Federal Reserve Bank of Boston, as Managing Member of the LLC (in such capacity, the "Managing Member"), to implement the Main Street Lending Program, with transfers of such equity contribution to be made in accordance with the terms of the Amended and Restated Limited Liability Company Agreement of MS Facilities LLC, dated as of May 29, 2020 (the “LLC Agreement”).
