Common use of BID; INITIAL PAYMENT Clause in Contracts

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 0.50% of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). The Deposit 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 Bank Closing) from and including the day following Bank Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 0.50.325% of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). The Deposit 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 Bank Closing) from and including the day following Bank Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 0.50.27% of the Assumed Deposits, as described in the transaction recap, Deposits for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). The Deposit 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 ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 0.500 % of the Assumed Deposits, as described in the transaction recap, Deposits for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). The Deposit 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 ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 0.500.5933% of the Assumed Deposits, as described in the transaction recap, Deposits for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). The Deposit 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 ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.500.0% and an Asset (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder $(5,200,000) (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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive bid of 0.500% of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). The Deposit 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 Bank Closing) from and including the day following Bank Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.500.0% and an Asset premium (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder ($174,900,000) (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 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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.500% and an Acquired Asset premium (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder $(28,183,000) (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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.500% and an Asset premium (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder $(38,290,000.00) (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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.500% and an Asset premium (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder $(19,250,000) (the "“Bid Amount"”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARSCDARS(R), 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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.500% and an Asset premium (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder $ (16,741,000.00) (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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.500.0% and an Asset premium (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder ($29,300,000.00) (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 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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.500.00% and an Asset premium (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder ($27,299,000.00) (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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.500.0% and an Asset premium (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder $(42,900,000) (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 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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.500.0% and an Asset premium (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder $(66,300,000.00) (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 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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.500% and an Asset premium (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder ($4,786,134) (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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.501.50% and an Asset premium (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder $(62,085,000) (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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.500.00% and an Asset premium (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder $(22,500,000) (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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive bid of 0.500.11% of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). The Deposit 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 Bank Closing) from and including the day following Bank Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 0.500.198% of the Assumed Deposits, as described in the transaction recap, Deposits for the Assets purchased and Liabilities Assumed hereunder (the "“Bid Amount"”). The Deposit 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 ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.500% and an Asset premium (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder ($14,495,000.00) (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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.50% 0.0°/o and an Asset (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder ($32,200,000) (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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 0.500.32% of the Assumed Deposits, as described in the transaction recap, Deposits for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). The Deposit 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 ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.500% and an Asset premium (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder ($23,756,000) (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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 0.50% zero percent (0.0%) of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). The Deposit 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 Bank Closing) from and including the day following Bank Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 0.500.62% of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). The Deposit 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 Bank Closing) from and including the day following Bank Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.500.75% and an Asset (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder ($10,500,000) (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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.50% zero percent [0%] and an Asset (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder ($19,296,000) (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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.500.3% and an Acquired Asset premium (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder ($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 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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 0.500.20% of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). The Deposit 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 Bank Closing) from and including the day following Bank Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.500.00% and an Asset premium (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder $(33,904,000.00) (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 Bank ClosingClosing 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 0.500% and an Asset (discount) bid of the Assumed Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder ($19,800,000) (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 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 Bank ClosingClosing 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.