Common use of BID; INITIAL PAYMENT Clause in Contracts

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) and an Asset (discount) bid of ($8,800,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 5 contracts

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

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BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0% and an Asset premium (discount) bid of $($8,800,000.0026,800,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing DateClosing) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 5 contracts

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

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0 % and an Asset premium (discount) bid of $($8,800,000.0022,300,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 5 contracts

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

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent zero percent (10%) and an Asset (discount) discount bid of ($8,800,000.00) 54,392,000.00 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 4 contracts

Samples: Purchase and Assumption Agreement (Bank of the Ozarks Inc), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent One Percent (11.0%) and an Asset (discount) discount bid of ($8,800,000.00) 29,889,000.00 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Home Federal Bancorp, Inc.), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.0% and an Asset (discount) discount bid of thirty eight million dollars $($8,800,000.0038,000,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Bank of the Ozarks Inc), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0% and an Asset premium (discount) bid of $($8,800,000.00917,724) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (CenterState Banks, Inc.), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.0% and an Asset premium (discount) bid of ($8,800,000.0045,732,425.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (State Bank Financial Corp), Purchase and Assumption Agreement (State Bank Financial Corp), Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0% and an Asset premium (discount) bid of $($8,800,000.008,143,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (CenterState Banks, Inc.), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0 % and an Asset (discount) discount bid of ($8,800,000.00) 46,500,000.00 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Simmons First National Corp), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) .45% and an Asset premium (discount) bid of ($8,800,000.00) 0 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Pacwest Bancorp), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.50% and an Asset (discount) bid of $($8,800,000.0057,434,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Talmer Bancorp, Inc.), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.00% and an Asset premium (discount) bid of $($8,800,000.0034,750,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Bank of the Ozarks Inc), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.0% and an Asset (discount) discount bid of ($8,800,000.0019,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement (Home Bancshares Inc), Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.0% and an Asset premium (discount) bid of ($8,800,000.0038,900,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

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

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.0% and an Asset premium (discount) bid of ($8,800,000.0052,900,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Home Bancshares Inc), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.50% and an Asset (discount) discount bid of ($8,800,000.00) 8,500,000 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

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

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver an asset discount bid of $43,000,000.00 and a positive Deposit premium bid of one per cent (12%) and an Asset (discount) bid of ($8,800,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services DepositsDeposits set forth on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing DateClosing) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Westamerica Bancorporation), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 1.00% and an Asset premium (discount) bid of $($8,800,000.0046,900,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.00% and an Asset premium (discount) bid of $($8,800,000.0027,000,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver an asset discount bid of Thirty Three Million Five Hundred Thousand Dollars ($33,500,000) and a positive Deposit premium bid of one per cent (10%) and an Asset (discount) bid of ($8,800,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing DateClosing) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) and an Asset asset (discount) bid of ($8,800,000.0041,200,000) (the “Bid Amount”)and a positive Deposit premium bid of 1%. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing DateClosing) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Heritage Financial Corp /Wa/), Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.00% and an Asset premium (discount) bid of ($8,800,000.003,973,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent Two Per Cent (12%) and an Asset (discount) bid of ($8,800,000.0062,150,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) and an Asset (discount) bid of ($8,800,000.00) 0.20 % (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Bay Bancorp, Inc.), Purchase and Assumption Agreement (Bay Bancorp, Inc.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit an asset premium bid of one per cent (1%) and an Asset (discount) bid of ($8,800,000.0020,035,000) (the “Bid Amount”)and a positive Deposit premium bid of 0.22%. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing DateClosing) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement Whole Bank, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.50% and an Asset premium (discount) bid of ($8,800,000.000 ( Zero Dollars) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.0% and an Asset premium (discount) bid of $($8,800,000.0045,002,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) and an Asset (discount) bid of ($8,800,000.00) 1.59% (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement (Popular Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) % and an Asset premium (discount) bid of ($8,800,000.0018,314,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0% and an Asset premium (discount) bid of $($8,800,000.0015,874,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit an asset premium bid of one per cent (1%) and an Asset (discount) bid of ($8,800,000.0012,000,000) (the “Bid Amount”)and a deposit premium bid of 0%. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing DateClosing) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 1.0 % and an Asset premium (discount) bid of $ ($8,800,000.0029,907,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.00% and an Asset premium (discount) bid of ($8,800,000.0012,426,115) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) .90% and an Asset (discount) bid of ($8,800,000.0023,900,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.00% and an Asset premium (discount) bid of $($8,800,000.002,032,276) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (CenterState Banks, Inc.), Purchase and Assumption Agreement Whole Bank

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver an asset premium bid of $0.00 and a positive Deposit premium bid of one per cent (10.51%) and an Asset (discount) bid of ($8,800,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing DateClosing) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 1.0% and an Asset premium (discount) bid of ($8,800,000.00) (the “Bid Amount”9,995,000.00), plus a value appreciation instrument. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Enterprise Financial Services Corp), Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit an asset premium bid of one per cent (1%) and an Asset (discount) bid of $($8,800,000.0011,625,000) (the “Bid Amount”)and a positive Deposit premium bid of 1.33 %. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing DateClosing) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.00% and an Asset (discount) discount bid of ($8,800,000.007,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Polonia Bancorp), Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.0 % and an Asset premium (discount) bid of ($8,800,000.0038,900,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0% and an Asset premium (discount) bid of $($8,800,000.0021,306,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 1.25% and an Asset premium (discount) bid of $($8,800,000.0048,700,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.0% and an Asset (discount) Discount bid of ($8,800,000.0049,813,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.25% and an Asset premium (discount) bid of ($8,800,000.0010,800,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0% and an Asset premium (discount) bid of $ ($8,800,000.0013,689,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.50% and an Asset (discount) discount bid of ($8,800,000.00) 5,931,000 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent zero (10%) and an Asset (discount) discount bid of ($8,800,000.00) 17 % (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0% and an Asset premium (discount) bid of $($8,800,000.0021,000,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver an asset discount bid of Five Million Nine Hundred Thousand Dollars ($5,900,000.00) and a positive Deposit premium bid of one per cent (10%) and an Asset (discount) bid of ($8,800,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing DateClosing) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

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BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 1.05% and an Asset premium (discount) bid of ($8,800,000.0017,500,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 1.0% and an Asset premium (discount) bid of ($8,800,000.0094,544,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.0 % and an Asset (discount) bid of $ ($8,800,000.0057,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.0% and an Asset premium (discount) bid of $($8,800,000.003,778,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver an asset discount bid of ($18,867,000) and a positive Deposit premium bid of one per cent (10.00%) and an Asset (discount) bid of ($8,800,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing DateClosing) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0% and an Asset premium (discount) bid of ($8,800,000.0014,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) and an Asset asset (discount) bid of ($8,800,000.0016,450,000) (the “Bid Amount”)and a positive Deposit premium bid of 0%. The Deposit premium bid will be applied to the total of all Assumed Deposits Deposits. except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing DateClosing) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0% and an Asset premium (discount) bid of $($8,800,000.0038,000,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (1st United Bancorp, Inc.), Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver an asset discount bid of $22,247,002.00 and a positive Deposit premium bid of one per cent (10.89%) and an Asset (discount) bid of ($8,800,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing DateClosing) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement Whole Bank, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0% and an Asset premium (discount) bid of ($8,800,000.008,500,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (1st United Bancorp, Inc.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent zero percent (10%) and an Asset (discount) discount bid of ($8,800,000.00) 98,000,000.00 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (NBH Holdings Corp.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0% and an Asset (discount) discount bid of ($8,800,000.00) 213,000,000 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Citizens Bancshares Inc /De/)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) and an Asset (discount) bid of ($8,800,000.00) 35,000,000.00 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent zero (10%) and an Asset (discount) discount bid of ($8,800,000.00) 17 % (the "Bid Amount"). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Customers Bancorp, Inc.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.00% and an Acquired Asset premium (discount) bid of ($8,800,000.00374,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Depositsthose Assumed Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with plus interest on such that amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Fulton Financial Corp)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.75% and an Asset (discount) discount bid of ($8,800,000.00) 9,500,000.00 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Columbia Banking System Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 4.05% and an Asset (discount) bid of ($8,800,000.0023,591,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.00% and an Asset premium (discount) bid of $($8,800,000.00260,000,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Hilltop Holdings Inc.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a an asset discount bid of three million dollars, $3,000,000.00, and no Deposit premium bid of one per cent (1%) and an Asset (discount) bid of ($8,800,000.00) (the “Bid Amount”)bid. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing DateClosing) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.0% and an Asset (discount) discount bid of ($8,800,000.0046,887,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Northfield Bancorp, Inc.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 1.0 % and an Asset (discount) discount bid of $($8,800,000.0025,100,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Heritage Financial Group Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.25% and an Asset (discount) bid of $($8,800,000.0046,430,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Talmer Bancorp, Inc.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.0% and an Asset premium (discount) bid of $($8,800,000.0044,703,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 2.5% and an Acquired Asset premium (discount) bid of ($8,800,000.005,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Depositsthose Assumed Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with plus interest on such that amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0% and an Asset (discount) discount bid of ($8,800,000.00) 56,970,415.00 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Republic Bancorp Inc /Ky/)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0% and an Asset (discount) bid of $($8,800,000.0038,600,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) and an Asset (discount) bid of ($8,800,000.00) 1.19% (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Howard Bancorp Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit an asset premium bid of one per cent (1%) and an Asset (discount) bid of ($8,800,000.005,700,000.00) (the “Bid Amount”)and a positive Deposit premium bid of 0.00%. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing DateClosing) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0% and an Asset premium (discount) bid of $($8,800,000.008,500,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) and an Asset (discount) bid of ($8,800,000.00) 0.00% (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Ameris Bancorp)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0.00% and an Asset (discount) discount bid of (a negative $8,800,000.00) 58,000,000 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First NBC Bank Holding Co)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of one per cent (1%) 0% and an Acquired Asset (discount) Premium bid of ($8,800,000.00) 644,000.00 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Bank Institution will pay to the Corporation, or the Corporation will pay to the Assuming BankInstitution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate. ARTICLE VIII.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First NBC Bank Holding Co)

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