Common use of Final Action Clause in Contracts

Final Action. At the earlier of the completion of the comment period es- tablished under paragraph (c) or the re- ceipt of information provided by the Bank during such period, the Director shall determine whether to take the proposed action or actions that were the subject of the notice under para- graphs (a) or (b) of this section, after taking into consideration any informa- tion provided by the Bank. Such notice shall respond to any information sub- mitted by the Bank. Any final order that the Bank take action, refrain from action or comply with any other requirement that was the subject of a notice under paragraph (b) of this sec- tion shall take effect upon the Bank’s receipt of the notice required under this paragraph, unless a different effec- tive date is set forth in this notice, and shall remain in effect and binding on the Bank until terminated in writing by the Director or until any terms and conditions for termination, as set forth in the notice, have been met.

Appears in 3 contracts

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