HETER ISKAHeter Iska Agreement • July 12th, 2023
Contract Type FiledJuly 12th, 2023Valley National Bank, VNB New York LLC, together with, and on behalf of each of their subsidiaries and affiliates (collectively, the “Company”) and the Receiver mutually agree that all Transactions (as that term is hereinafter defined) shall, to the extent that such transaction may violate the laws of Ribbis, be governed by this Heter Iska and shall be structured, and where applicable, restructured as an Iska investment, pursuant to the laws of Heter Iska and the applicable terms set forth herein.