ASSUMPTION OF CERTAIN DUTIES AND OBLIGATIONS. The Assuming Institution agrees with the Receiver and the Corporation as follows:
ASSUMPTION OF CERTAIN DUTIES AND OBLIGATIONS. The Assuming Bank agrees with the Receiver and the Corporation as follows:
ASSUMPTION OF CERTAIN DUTIES AND OBLIGATIONS. 17 4.1 Continuation of Banking Business. 17 4.2 Agreement with Respect to Credit Card Business 18
ASSUMPTION OF CERTAIN DUTIES AND OBLIGATIONS. 17 4.1 Continuation of Banking Business 17 4.2 Agreement with Respect to Credit Card Business 17 4.3 Agreement with Respect to Safe Deposit Business 17 4.4 Agreement with Respect to Safekeeping Business 18 4.5 Agreement with Respect to Trust Business 18 4.6 Agreement with Respect to Bank Premises 18
ASSUMPTION OF CERTAIN DUTIES AND OBLIGATIONS. 16 Continuation of Banking Business 16 Agreement with Respect to Credit Card Business 16 Agreement with Respect to Safe Deposit Business 16 Agreement with Respect to Safekeeping Business 16 Agreement with Respect to Trust Business 17 Agreement with Respect to Bank Premises 17 Agreement with Respect to Leased Data Processing Equipment 20 Agreement with Respect to Certain Existing Agreements 21 Informational Tax Reporting 21 Insurance 21 Office Space for Receiver and Corporation 22 Agreement with Respect to Continuation of Group Health Plan Coverage for Former Employees 22 Agreement with Respect to Interim Asset Servicing 23 ARTICLE V 5.1 5.2 5.3 ARTICLE VI 6.1 6.2 6.3 6.4
ASSUMPTION OF CERTAIN DUTIES AND OBLIGATIONS. 17 4.1 Continuation of Banking Business 17 4.2 Credit Card Business 17 4.3 Safe Deposit Business 17 4.4 Safekeeping Business 18 4.5 Trust Business 18 4.6 Bank Premises 19 4.7 Agreement with Respect to Leased Data Management Equipment 22 4.8 Certain Existing Agreements 23 4.9 Informational Tax Reporting 24 4.10 Insurance 24 4.11 Office Space for Receiver and Corporation; Certain Payments 24 4.12 Continuation of Group Health Plan Coverage for Former Employees of the Failed Bank 25 4.13 Interim Asset Servicing 26 4.14 [RESERVED] 26 4.15 Loss Sharing 26
ASSUMPTION OF CERTAIN DUTIES AND OBLIGATIONS. 19 4.1 Continuation of Banking Business 19 4.2 Credit Card Business 20 4.3 Safe Deposit Business 20 4.4 Safekeeping Business 20 4.5 Trust Business 21 4.6 Bank Premises 21 4.7 Agreement with Respect to Leased Data Management Equipment 25 4.8 Certain Existing Agreements 26 4.9 Informational Tax Reporting 27 4.10 Insurance 27
ASSUMPTION OF CERTAIN DUTIES AND OBLIGATIONS. 16 4.1 Continuation of Banking Business 16 4.2 Agreement with Respect to Credit Card Business 17 4.3 Agreement with Respect to Safe Deposit Business 17 4.4 Agreement with Respect to Safekeeping Business 17 4.5 Agreement with Respect to Trust Business 18 4.6 Agreement with Respect to Bank Premises 18 4.7 Agreement with Respect to Leased Data Processing Equipment 21 4.8 Agreement with Respect to Certain Existing Agreements 22 4.9 Informational Tax Reporting 22 4.10 Insurance 23 4.11 Office Space for Receiver and Corporation 23 4.12 Agreement with Respect to Continuation of Group Health Plan Coverage for Former Employees 23 4.13 Agreement with Respect to Interim Asset Servicing 24 4.14 Reserved 24 4.15 Agreement with Respect to Loss Sharing 25 Module 1 – Whole Bank w/ Loss Share – P&A Version 1.12 November 17, 2009 i FIRST REGIONAL BANK Los Angeles, CA ARTICLE V DUTIES WITH RESPECT TO DEPOSITORS OF THE FAILED BANK 25 5.1 Payment of Checks, Drafts and Orders 25 5.2 Certain Agreements Related to Deposits 25 5.3 Notice to Depositors 25 ARTICLE VI RECORDS 26 6.1 Transfer of Records 26 6.2 Delivery of Assigned Records 26 6.3 Preservation of Records 27 6.4 Access to Records; Copies 27 ARTICLE VII FIRST LOSS TRANCHE 27 ARTICLE VIII ADJUSTMENTS 28 8.1 Pro Forma Statement 28 8.2 Correction of Errors and Omissions; Other Liabilities 28 8.3 Payments 28 8.4 Interest 29 8.5 Subsequent Adjustments 29 ARTICLE IX CONTINUING COOPERATION 29 9.1 General Matters 29 9.2 Additional Title Documents 29 9.3 Claims and Suits 29 9.4 Payment of Deposits 30 9.5 Withheld Payments 30 9.6 Proceedings with Respect to Certain Assets and Liabilities 30 9.7 Information 31 ARTICLE X CONDITION PRECEDENT 31 ARTICLE XI REPRESENTATIONS AND WARRANTIES OF THE ASSUMING BANK 31 ARTICLE XII INDEMNIFICATION 33 12.1 Indemnification of Indemnitees 33 12.2 Conditions Precedent to Indemnification 35 12.3 No Additional Warranty 36 12.4 Indemnification of Corporation and Receiver 36 12.5 Obligations Supplemental 37 Module 1 – Whole Bank w/ Loss Share – P&A Version 1.12 November 17, 2009 ii FIRST REGIONAL BANK Los Angeles, CA 12.6 Criminal Claims 37 12.7 Limited Guaranty of the Corporation 37 12.8 Subrogation 38 ARTICLE XIII MISCELLANEOUS 38 13.1 Entire Agreement 38 13.2 Headings 38 13.3 Counterparts 38 13.4 Governing Law 38 13.5 Successors 38 13.6 Modification; Assignment 38 13.7 Notice 39 13.8 Manner of Payment 39 13.9 Costs, Fees and Expenses 40 13.10 Waiver 40 13.11 Severability 40 13.12 Term of Agreement 40...
ASSUMPTION OF CERTAIN DUTIES AND OBLIGATIONS. 16 4.1 Continuation of Banking Business 16 4.2 Agreement with Respect to Credit Card Business 17 4.3 Agreement with Respect to Safe Deposit Business 17 4.4 Agreement with Respect to Safekeeping Business 17 4.5 Agreement with Respect to Trust Business 18 4.6 Agreement with Respect to Bank Premises 18 4.7 Agreement with Respect to Data Processing Equipment and Leases 22 4.8 Agreement with Respect to Certain Existing Agreements 22 4.9 Informational Tax Reporting 23 4.10 Insurance 23 4.11 Office Space for Receiver and Corporation 24 4.12 Agreement with Respect to Continuation of Group Health Plan Coverage for Former Employees of the Failed Bank 24 4.13 Agreement with Respect to Interim Asset Servicing 25 4.14 Reserved 25 4.15 Agreement with Respect to Loss Sharing 25 ARTICLE V DUTIES WITH RESPECT TO DEPOSITORS OF THE FAILED BANK 25 5.1 Payment of Checks, Drafts and Orders 25 5.2 Certain Agreements Related to Deposits 26 5.3 Notice to Depositors 26 Module 1 – Whole Bank w/ Loss Share – P&A i Metro Bank of Dade County Version 2.07 Miami, Florida June 10, 2010 ARTICLE VI RECORDS 26 6.1 Transfer of Records 26 6.2 Delivery of Assigned Records 27 6.3 Preservation of Records 27 6.4 Access to Records; Copies 27 ARTICLE VII BID; INITIAL PAYMENT 27
ASSUMPTION OF CERTAIN DUTIES AND OBLIGATIONS. 15 4.1 Continuation of Banking Business. 15
