Common use of Compliance Date Clause in Contracts

Compliance Date. The OCC may ex- tend or accelerate any compliance date of this part if the OCC determines that such extension or acceleration is ap- propriate. In determining whether an extension or acceleration is appro- priate, the OCC will consider the effect of the modification on financial sta- bility, the period of time for which the modification would be necessary to fa- cilitate compliance with this part, and the actions the national bank or Fed- eral savings association is taking to come into compliance with this part. [84 FR 59269, Nov. 1, 2019] Subparts ▇-▇ [Reserved]

Compliance Date. The OCC may ex- tend or accelerate any compliance date of this part if the OCC determines that such extension or acceleration is ap- propriate. In determining whether an extension or acceleration is appro- priate, the OCC will consider the effect of the modification on financial sta- bility, the period of time for which the modification would be necessary to fa- cilitate compliance with this part, and the actions the national bank or Fed- eral savings association is taking to come into compliance with this part. [84 FR 59269, Nov. 1, 2019] Subparts ▇-▇ [Reserved]Sec. 51.1 Purpose and scope. 51.2 Appointment of receiver.