FDIC Matter Clause Samples

FDIC Matter. The Bank shall have either (i) completely settled all issues relating to the unresolved credit transaction item raised by the FDIC in its Compliance Examination and identified in the Disclosure Schedules for Section 4.05(b) by the payment of an amount which, in the aggregate with all other items, would not have a Material Adverse Effect on MBC or (ii) have received from the FDIC or other appropriate regulatory agency having jurisdiction over this matter a letter in form and substance satisfactory to FIC respecting the disposition of this matter.