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Common use of Regulatory Restriction Clause in Contracts

Regulatory Restriction. No payment shall be required to be made under Sections 6.2 or 6.3 if such payment would violate 12 CFR Part 359, Rules of the Federal Deposit Insurance Corporation.

Appears in 2 contracts

Sources: Employment Agreement (1st United Bancorp, Inc.), Employment Agreement (1st United Bancorp, Inc.)

Related Clauses

  • Regulatory Restrictions
  • Reasonable and Necessary Restrictions
  • ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Restrictions/Market Abuse Laws
  • Territorial Restrictions
  • Geographic Restrictions

Parent Clauses

  • Representations and Warranties
  • Representations and Warranties of the Borrower
  • Compensation Upon Termination of Employment
  • Uniform Customs
  • Use of Proceeds

Sub-Clauses

  • Opportunity for Review
  • Successors
  • Affirmation of Undertaking
  • No Waiver
  • Severability
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