Global Sourcing Logistics: How to Manage Risk and Gain Competitive Advantage in a Worldwide Marketplace

to take under section 13(3) may be taken upon the unani-

mous vote of all available members then in office, if—

“(i) at least 2 members are available and all available

members participate in the action;

“(ii) the available members unanimously determine

that—”(I) unusual and exigent circumstances exist and the

borrower is unable to secure adequate credit accommodations

from other sources; “(II) action on the matter is necessary to

prevent, correct, or mitigate serious harm to the economy or

the stability of the financial system of the United States;

“(III) despite the use of all means available (including all

available telephonic, telegraphic, and other electronic

means), the other members of the Board have not been able

to be contacted on the matter; and ...