Common use of Regulatory Limitation Clause in Contracts

Regulatory Limitation. The Company shall make no payment of any benefit provided for under this Agreement to the extent that the payment would be prohibited by applicable banking regulations or any regulatory order. If the payment is prohibited, the Company shall use its best efforts to secure the consent of the banking regulator to make the payment in the highest amount permissible, up to the amount provided for in this Agreement.

Regulatory Limitation. The Company shall make no payment of any benefit provided for under this Agreement to the extent that the payment would be prohibited by applicable banking regulations or any regulatory order. If the such payment is so prohibited, the Company shall use its best efforts to secure the consent of the banking regulator to make the payment payments in the highest amount permissible, up to the amount provided for in this Agreement.

Regulatory Limitation. The Notwithstanding the foregoing, the Company shall make no payment of any benefit provided for under this Agreement to the extent that the payment would be prohibited by applicable banking regulations or any regulatory order. If the such payment is so prohibited, the Company shall use its best efforts to secure the consent of the banking regulator to make the payment payments in the highest amount permissible, up to the amount provided for in this Agreement.