Limitation on Authority (재무부 권한의 제한)

1. In General

The Secretary may not purchase, or make any commitment to purchase, any troubled asset unless the Secretary receives contingent shares in the financial institution from which such assets are to be purchased equal in value to the purchase price of the assets to be purchased.
재무부는 자산매입을 시도하려는 금융기관의 할당주식을 매입액에 상응하는 만큼 받을 수 없을때는 매입이나 매입을 하겠다는 약속을 할 수 없다.

2. Shares To Be Received

Contingent Shares (할당받게될 지분)

 a. In General

The contingent shares to be received by the Secretary under paragraph (1) may, at the determination of the Secretary, include shares of the financial institution, its parent company, its holding company, any of its subsidiaries, or any other entity which is owned, controlled, or managed by such institution.
할당받을 주식은 대상 금융기관, 모회사, 지주회사, 자회사, 또는 대상기관이 지분을 가지고 있거나, 콘트롤하거나 또는 운영하고 있는 기관들의 회사를 포함한다.

b. Debt Instruments (채권)

In the event that the equity of the financial institution from which such troubled assets were purchased is not publicly traded on a national securities exchange, the Secretary shall acquire a senior contingent debt instrument in lieu of contingent shares, which shall automatically vest to the Secretary on behalf of the United States Treasury in an amount equal to 125 percent of the dollar amount of the difference between the amount the Secretary paid for the troubled assets and the disposition price of such assets.

만약 대상기관의 주식이 상장되어 있지않은 상황이라면 할당주식대신 우선위 채권을 받아야 한다. 채권액수는 자산매입액에서 자산의 매각가치를 감산한 나머지 액수의 125%로 정한다.

The Secretary may demand payment of such contingent debt instrument under such terms and conditions as determined appropriate by the Secretary.
채권에 대한 상환조건은 재무장관의 재량에 맡긴다.

Multiple Class of Shares  (여러등급의 주식)

If the financial institution from which troubled assets are to be purchased has more than one class of shares, the contingent shares to be received by the Secretary shall be that class of shares with the highest trading price during the business 15 days prior to the date of the purchase of such assets.
해당기관의 주식의 종류가 여러가지 일 경우, 할당받을 주식은 지난 15일동안의 거래가격을 평균했을 때 가장 높은 가격으로 거래된 주식으로 선정한다.

Content (할당지분의 성격)

The instrument representing the contingent shares shall contain anti-dilution provisions of the type employed in capital market transactions, as determined by the Secretary, to protect the Secretary from transactions such as stock splits, stock distributions, dividends, and other distributions, mergers, and other reorganizations and recapitalizations.
할당지분은 주식분활, 주식배포, 배당금, 그외분배, 합병, 그리고 구조조정과 자본 재구성으로 인한 지분희석을 금해야한다.
　

3. Vesting of Shares (지분의 부여)

If, after the purchase of troubled assets from a financial institution, the amount the Secretary receives in disposing of such assets is less than the amount that the Secretary paid for such assets, the contingent shares received by the Secretary under paragraph (1) shall automatically vest to the Secretary on behalf of the United States Treasury in an amount equal to:
재무부가 매입한 자산의 매각가치가 매입가격보다 작을 경우, 매입시 할당받은 지분은 자동적으로 재무부에 부여되는데 그 액수는 다음과 같아야 한다:

1. 125 percent of the dollar amount of the difference between the amount that the Secretary paid for the troubled assets and the disposition price of such assets; divided by
   모자라는 잔금의 125%를

2. the amount of the average share price of the financial institution from which such assets were purchased during the 14 business days prior to the date of such purchase.
   매입전 14일 거래가격의 평균치를 나눈 숫자로 정한다.