Common use of Agreement with Respect to Loss Sharing Clause in Contracts

Agreement with Respect to Loss Sharing. The Assuming Bank (or any permitted assignee thereof pursuant to the Shared-Loss Agreements) shall be entitled to require reimbursement from the Receiver for loss sharing on certain loans assets in accordance with the Single Family Shared-Loss Agreement attached hereto as Exhibit 4.15A and the Commercial Shared-Loss Agreement attached hereto as Exhibit 4.15B, collectively, the "Shared-Loss Agreements." The Loans that shall be subject to the Single Family Shared-Loss Agreement are identified on the Schedule of Loans 4.15A attached hereto and the Loans and other assets that shall be subject to the Commercial Shared-Loss Agreement are identified on the Schedule of Loans 4.15B, and Schedule 4.15C, Shared-Loss MTM Assets, attached hereto. The Single Family Shared-Loss Agreement and the Commercial Shared-Loss Agreement have their own separate terms and expressly survive the term of this Agreement. For the avoidance of doubt, the Shared-Loss Agreements shall not terminate on the sixth anniversary of Bank Closing and shall remain in full force and effect thereafter.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement (Bbva Compass Bancshares, Inc), Purchase and Assumption Agreement Whole Bank

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.