Common use of Membership Termination Clause in Contracts

Membership Termination. − The Member shall use its best efforts to transfer its obligations under the Application and this Agreement to another Bank Member in the event of its loss of Membership in the Bank prior to the Bank’s final disbursement of the subsidy. The Member shall promptly notify the Bank if the Member becomes obligated pursuant to this paragraph to use its best efforts to transfer the subsidy. Member or its legal successors shall be responsible for ongoing monitoring and reporting after final funding or if the obligations under the Application or this Agreement are not transferred. If the Member is acquired by or consolidated with a non- member, the non- member shall agree to assume all the Member’s obligations, if not transferred to another Member, until such obligations are repaid or liquidated.

Membership Termination. − The Member shall use its best efforts to transfer its obligations under the Application and this Agreement to another Bank Member in the event of its loss of Membership in the Bank prior to the Bank’s final disbursement of the subsidy. The Member shall promptly notify the Bank if in the event that the Member becomes obligated pursuant to this paragraph to use its best efforts to transfer the subsidy. Member or its legal successors shall be responsible for ongoing monitoring and reporting after final funding or if the obligations under the Application or this Agreement are not transferred. If the Member is acquired by or consolidated with a non- member, the non- non-member shall agree to assume all of the Member’s obligations, if not transferred to another Member, until such obligations are repaid or liquidated.

Membership Termination. − The Member shall use its best efforts to transfer its obligations under the Application and this Agreement to another Bank Member member in the event of its loss of Membership in the Bank prior to the Bank’s final disbursement of the subsidy. The Member shall promptly notify the Bank if in the event that the Member becomes obligated pursuant to this paragraph to use its best efforts to transfer the subsidy. Member or its legal successors shall be responsible for ongoing monitoring and reporting after final funding or if the obligations under the Application or this Agreement are not transferred. If the Member is acquired by or consolidated with a non- non-member, the non- non-member shall agree to assume all of the Member’s obligations, if not transferred to another Member, until such obligations are repaid or liquidated.

Membership Termination. − The Member shall use its best efforts to transfer its obligations under the Application and this Agreement to another Bank Member member in the event of its loss of Membership in the Bank prior to the Bank’s final disbursement of the subsidy. The Member shall promptly notify the Bank if in the event that the Member becomes obligated pursuant to this paragraph to use its best efforts to transfer the subsidy. Member or its legal successors shall be responsible for ongoing monitoring and reporting after final funding or if the obligations under the Application or this Agreement are not transferred. If the Member is acquired by or consolidated with a non- member, the non- non-member shall agree to assume all of the Member’s obligations, if not transferred to another Member, until such obligations are repaid or liquidated.

Membership Termination. − The Member shall use its best efforts to transfer its obligations under the Application and this Agreement to another Bank Member in the event of its loss of Membership in the Bank prior to the Bank’s final disbursement of the subsidy. The Member shall promptly notify the Bank if the Member becomes obligated pursuant to this paragraph to use its best efforts to transfer the subsidy. Member or its legal successors shall be responsible for ongoing monitoring and reporting after final funding or if the obligations under the Application or this Agreement are not transferred. If the Member is acquired by or consolidated with a non- member, the non- non-member shall agree to assume all the Member’s obligations, if not transferred to another Member, until such obligations are repaid or liquidated.

Membership Termination. −  The Member shall use its best efforts to transfer its obligations under the Application and this Agreement to another Bank Member in the event of its loss of Membership in the Bank prior to the Bank’s final disbursement of the subsidy. The Member shall promptly notify the Bank if in the event that the Member becomes obligated pursuant to this paragraph to use its best efforts to transfer the subsidy. Member or its legal successors shall be responsible for ongoing monitoring and reporting after final funding or if the obligations under the Application or this Agreement are not transferred. If the Member is acquired by or consolidated with a non- member, the non- non-member shall agree to assume all of the Member’s obligations, if not transferred to another Member, until such obligations are repaid or liquidated.

Membership Termination. − The Member shall use its best efforts to transfer its obligations under the Application and this Agreement to another Bank Member member in the event of its loss of Membership in the Bank prior to the Bank’s final disbursement of the subsidy. The Member shall promptly notify the Bank if in the event that the Member becomes obligated pursuant to this paragraph to use its best efforts to transfer the subsidy. Member or its legal successors shall be responsible for ongoing monitoring and reporting after final funding or if the obligations under the Application or this Agreement are not transferred. If the Member is acquired by or consolidated with a non- member, the non- non-member shall agree to assume all of the Member’s obligations, if not transferred to another Member, until such obligations are repaid or liquidated.