Page:Emergency Economic Stabilization Act of 2008.djvu/38

 O:LiYOLiYO08C04.xml 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 38 section shall be set by the SecretarT, in the in- terest of the taxpayers. (F) SUFFICIENCY.--The financial institu- tion shall guarantee to the SecretarT that it has authorized shares of nonvoting stock available to flfill its obligations under this subsection. Should the financial institution not have suffi- cient authorized shares, including preferred shares that may cam T dividend rights equal to a multiple number of common shares, the See- retar T may, to the extent necessarT, accept a senior debt note in an amount, and on such terms, as will compensate the SecretarT equiva- lently, in the event that a sufficient shareholder vote to authorize the necessmT additional shares cannot be obtained. (3) EXCEPTIONS.-- (A) DE MINIMIS. The Secretary shall es- tablish de minimis exceptions to the require- ments of this subsection, based on the size of the cumulative transactions of troubled assets purchased from any one financial institution for the duration of the program, at not more than $100,000,000.

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