Covered Conduct definition
Examples of Covered Conduct in a sentence
In any subsequent proceeding by the OAG to enforce Paragraphs 2 and 3 of this Agreement, RBS agrees not to assert as a defense to the enforcement of these Paragraphs the expiration of the statute of limitations for potential claims based on the Covered Conduct.
Covered Conduct includes representations, disclosures, or omissions to RMBS or CDO investors made about or in connection with the activities set forth above, where the representations, disclosures or omissions involve information about or obtained during the process of originating, acquiring, securitizing, underwriting or servicing residential mortgage loans securitized in the RMBS covered by this Agreement.
The following claims are specifically reserved and not released by this Agreement: (a) any liability based upon obligations created by this Agreement; and (b) any liability to the State of New York (or its departments or agencies) for any conduct other than the Covered Conduct.
RBS fully and finally releases the OAG from any claims, including attorney’s fees, costs, and expenses of every kind and however denominated, that RBS has asserted, could have asserted, or may assert in the future against them related to the Covered Conduct, to the extent released hereunder, and the investigation to date thereof.
In addition, nothing in this Agreement shall be construed to bar any agency or department of the State of New York that is a member of any plaintiff class or a plaintiff in any action related to the Covered Conduct from making a claim as a putative class member or otherwise participating in any such private or class action.