(1) The Minister may give any of the following directions in writing to NAMA:
(a) to bid for such bank assets of IBRC and to acquire from IBRC, acting through a special liquidator, such bank assets of IBRC on such terms and conditions (including the consideration), as are specified in the direction;
(b) to acquire from the Bank, such assets, liabilities or obligations on such terms and conditions (including the consideration), as are specified in the direction;
(c) to provide such credit facilities to a special liquidator or IBRC on such terms and conditions, as are specified in the direction;
(d) to take or refrain from taking any action, as specified in the direction, where the Minister is of the opinion that such a direction is necessary for the achievement of any of the purposes of this Act.
(2) NAMA shall comply with a direction given by the Minister under subsection (1).
(3) NAMA may, at its discretion, elect to acquire the bank assets, assets, liabilities or obligations referred
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