Common use of Payments Clause in Contracts

Payments. The Receiver agrees to cause to be paid to the Assuming Institution, or the Assuming Institution agrees to pay to the Receiver, as the case may be, on the Settlement Date, a payment in an amount which reflects net adjustments (including any costs, expenses and fees associated with determinations of value as provided in this Agreement) made pursuant to Section 8.1 or Section 8.2, plus interest as provided in Section 8.4. The Receiver and the Assuming Institution agree to effect on the Settlement Date any further transfer of assets to or assumption of liabilities or claims by the Assuming Institution as may be necessary in accordance with Section 8.1 or Section 8.2.

Appears in 376 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement

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Payments. The Receiver agrees to cause to be paid to the Assuming InstitutionBank, or the Assuming Institution Bank agrees to pay to the Receiver, as the case may be, on the Settlement Date, a payment in an amount which reflects net adjustments (including any costs, expenses and fees associated with determinations of value as provided in this Agreement) made pursuant to Section 8.1 or Section 8.2, plus interest as provided in Section 8.4. The Receiver and the Assuming Institution Bank agree to effect on the Settlement Date any further transfer of assets to or assumption of liabilities or claims by the Assuming Institution Bank as may be necessary in accordance with Section 8.1 or Section 8.2.

Appears in 259 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement (FCB Financial Holdings, Inc.)

Payments. The Either the Receiver agrees to will cause to be paid to the Assuming Institution, Institution or the Assuming Institution agrees to will pay to the Receiver, as the case may be, on the Settlement Date, a payment in an amount which that reflects net adjustments (including any costs, expenses expenses, and fees associated with determinations of value as provided in this Agreement) made pursuant to Section 8.1 or Section 8.2, plus interest as provided in Section 8.4. The Receiver and the Assuming Institution agree to will effect on the Settlement Date any further transfer of assets to or assumption of liabilities or claims by the Assuming Institution as may be necessary in accordance with Section 8.1 or Section 8.2.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

Payments. The he Receiver agrees to cause to be paid to the Assuming Institution, or the Assuming Institution agrees to pay to the Receiver, as the case may be, on the Settlement Date, a payment in an amount which reflects net adjustments (including any costs, expenses and fees associated with determinations of value as provided in this Agreement) made pursuant to Section 8.1 or Section 8.2, plus interest as provided in Section 8.4. The Receiver and the Assuming Institution agree to effect on the Settlement Date any further transfer of assets to or assumption of liabilities or claims by the Assuming Institution as may be necessary in accordance with Section 8.1 or Section 8.2.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (Bond Street Holdings Inc)

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Payments. The Receiver agrees to cause to be paid to the Assuming InstitutionBank, or the Assuming Institution Bank agrees to pay to the Receiver, as the case may be, on the Settlement Date, a payment in an amount which reflects net adjustments (including any costs, expenses and fees associated with determinations of value as provided in this Agreement) made pursuant to Section 8.1 or Section 8.2, plus interest as provided in Section 8.4. , The Receiver and the Assuming Institution Bank agree to effect on the Settlement Date any further transfer of assets to or assumption of liabilities or claims by the Assuming Institution Bank as may be necessary in accordance with Section 8.1 or Section 8.2.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First California Financial Group, Inc.)

Payments. The Either the Receiver agrees to will cause to be paid to the Assuming Institution, or the Assuming Institution agrees to will pay to the Receiver, as the case may be, on the Settlement Date, a payment in an amount which that reflects net adjustments (including any costs, expenses and fees associated with determinations of value as provided in this Agreement) made pursuant to Section 8.1 or Section 8.2, plus interest as provided in Section 8.4. The Receiver and the Assuming Institution agree to will effect on the Settlement Date any further transfer of assets to or assumption of liabilities or claims by the Assuming Institution as may be necessary in accordance with Section 8.1 or Section 8.2.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

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