Common use of Additional Safeguards Clause in Contracts

Additional Safeguards. The Direc- tor may require a significantly under- capitalized Bank to take any other ac- tion not specifically listed in this sec- tion if the Director determines such ac- tion will help ensure the safe and sound operation of the Bank and the Bank’s compliance with its risk-based and minimum capital requirements in a reasonable period of time more than any action specifically authorized under paragraph (a) of this section.

Appears in 3 contracts

Sources: Private Transfer Fee Covenants, Transfer Fee Covenant, Private Transfer Fee Covenants