Common use of Function   of   the   Parties Clause in Contracts

Function   of   the   Parties. 4.1 Function of the Parties In table 4.1 below: i. Specify the function of the party disclosing data to which the purpose (as defined in table 2.3) of the data sharing relates ii. Specify the function of the party receiving data to which the purpose (as defined in table 2.3) of the data sharing relates. PARTY FUNCTION i. SBCI BILS: The role of SBCI is to utilise funds provided by the MAFM iii. ▇▇▇▇ ▇▇▇▇: The role of the Minister under the BILS is to provide the funds to enable SBCI to fulfil its obligations pursuant to its functions set out in the Strategic Banking Corporation of Ireland Act 2014 (the “2014 Act”) as guarantor and cover costs and expenses incurred by the SBCI in connection with the establishment, development, launch and operation of the scheme and to assess and audit SBCI’s compliance with the terms of the BILS. The Minister also has an oversight role to assess and audit SBCI’s compliance in operating the BILS within the terms set out for the BILS. FGLS: The role of the Minister under the FGLS is to provide the funds to enable SBCI to fulfil its obligations pursuant to its functions set out in the Strategic Banking Corporation of Ireland Act 2014 (the “2014 Act”) as guarantor and cover costs and expenses incurred by the SBCI in connection with the establishment, development, launch and operation of the scheme and to assess and audit SBCI’s compliance with the terms of the FGLS. The Minister also has an oversight role to assess and audit SBCI’s compliance in operating the FGLS within the terms set out for the FGLS. [Table 4.1

Function   of   the   Parties. ‌ 4.1 Function of the Parties In table 4.1 below: i. Specify the function of the party disclosing data to which the purpose (as defined in table 2.3) of the data sharing relates ii. Specify the function of the party receiving data to which the purpose (as defined in table 2.3) of the data sharing relates. PARTY FUNCTION i. SBCI BILS: The role of SBCI is to utilise funds provided by the MAFM iii. ▇▇▇▇ ▇▇▇▇: The role of the Minister under the BILS is to provide the funds to enable SBCI to fulfil its obligations pursuant to its functions set out in the Strategic Banking Corporation of Ireland Act 2014 (the “2014 Act”) as guarantor and cover costs and expenses incurred by the SBCI in connection with the establishment, development, launch and operation of the scheme and to assess and audit SBCI’s compliance with the terms of the BILS. The Minister also has an oversight role to assess and audit SBCI’s compliance in operating the BILS within the terms set out for the BILS. FGLS: The role of the Minister under the FGLS is to provide the funds to enable SBCI to fulfil its obligations pursuant to its functions set out in the Strategic Banking Corporation of Ireland Act 2014 (the “2014 Act”) as guarantor and cover costs and expenses incurred by the SBCI in connection with the establishment, development, launch and operation of the scheme and to assess and audit SBCI’s compliance with the terms of the FGLS. The Minister also has an oversight role to assess and audit SBCI’s compliance in operating the FGLS within the terms set out for the FGLS. [Table 4.1