FINSAC
Interventions
| Company: |
Fidelity Finance Merchant
Bank |
| Intervention Date: |
March 25, 1998 |
| Extent Of Support |
$96.5 million (effective May
11, 1998) |
The details of assistance and support to
this financial institution are listed in the
table below:
| Type
Of Assistance |
Summary |
|
|
Deliver,
transfer or assign to FINSAC any
cash securities, security or
another assets held by Fidelity
directly or indirectly for the
benefit of the depositors.
Not to
pay, prepay or repay any of its
debts without the prior written
consent of FINSAC.
Not to
purchase or otherwise quire any
assets without the prior written
consent of FINSAC
Not to
make any payment outside of the
ordinary course of business and
not to make any payment in excess
of $10,000 other than for the
salaries on existing terms and
conditions of employment without
the prior written consent of
FINSAC.
Not to
make any payment directly or
indirectly to any shareholder of
any class of shares whatsoever or
to any Director of Fidelity,
without prior written permission
from FINSAC
Not to
sell, transfer or otherwise
dispose of its assets, or any
part thereof, to any connected
party with the prior written
approval of FINSAC.
|

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