Rules Enforcement. In the event that a Report of Possible Rules Violation is filed on the Company, the Company shall cooperate with Bank and take appropriate steps to correct the problem as required by the Rules and within the time frames suggested by the Bank. In the event that a fine is levied against the Bank for a violation of the Rules, the Company agrees to indemnify and hold the Bank harmless from any and all costs, expenses, fees (including attorneys’ fees), damages, losses or other similar obligation arising from or in any way related to the fine and any claims that Company has violated the Rules.
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Sources: Treasury Management Master Services Agreement, Treasury Management Master Services Agreement
Rules Enforcement. In the event that a Report of Possible Rules Violation is filed on the Company, the Company shall cooperate with Bank and take appropriate steps to correct the problem as required by the Rules and within the time frames suggested by the Bank. In the event that a fine is levied against the Bank for a violation of the Rules, the Company agrees to indemnify and hold the Bank harmless from any and all costs, expenses, fees (including attorneys’ fees), damages, losses or other similar obligation arising from or in any way related to the fine and any claims that Company has violated the Rules.
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