Common use of BID; INITIAL PAYMENT Clause in Contracts

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 4.41% of the Assumed Deposits for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). For purposes of determining the Bid Amount, adjustments will be made to the amount of Assumed Deposits to the Settlement Date; thereafter, the Bid Amount shall be fixed, regardless of any additions or reductions to the amount of Assumed 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 4.410.50% and an Asset premium (discount) bid of (8.50%) (the “Bid Amount”), plus equity appreciation instrument. The Deposit premium bid will be applied to the total of all Assumed Deposits except for the Assets purchased brokered, CDARS, and Liabilities Assumed hereunder any market place or similar subscription services Deposits. The Asset premium (the "Bid Amount"). For purposes of determining the Bid Amount, adjustments discount) bid will be made applied to the amount purchase price of Assumed Deposits to the Settlement Date; thereafter, the Bid Amount shall be fixed, regardless of any additions or reductions to the amount of Assumed Depositsall Assets acquired. 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 4.410% and an Asset premium (discount) bid of 0% (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for the Assets purchased brokered, CDARS, and Liabilities Assumed hereunder any market place or similar subscription services Deposits as more particularly set forth on Schedule 7 attached hereto and made a part hereof. The Asset premium (the "Bid Amount"). For purposes of determining the Bid Amount, adjustments discount) bid will be made applied to the amount purchase price of Assumed Deposits to the Settlement Date; thereafter, the Bid Amount shall be fixed, regardless of any additions or reductions to the amount of Assumed Depositsall Assets acquired. 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 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.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 4.411.143% of the Assumed Deposits for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). For purposes of determining the Bid Amount, adjustments will be made to the amount of Assumed Deposits to the Settlement Date; thereafter, the Bid Amount shall be fixed, regardless of any additions or reductions to the amount of Assumed 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 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.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 4.41% zero (0.00%) percent of the Assumed Deposits Deposits, as described in the transaction recap, for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). For purposes of determining the Bid Amount, adjustments will be made to the amount of Assumed Deposits to the Settlement Date; thereafter, the Bid Amount shall be fixed, regardless of any additions or reductions to the amount of Assumed 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 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.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 4.41.55% of the Assumed Deposits Deposits, less Brokered Deposits, for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). For purposes of determining the Bid Amount, adjustments will be made to the amount of Assumed Deposits to the Settlement Date; thereafter, the Bid Amount shall be fixed, regardless of any additions or reductions to the amount of Assumed 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.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 4.41% zero percent (-0-%) of the Assumed Deposits for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). For purposes of determining the Bid Amount, adjustments will be made to the amount of Assumed Deposits to the Settlement Date; thereafter, the Bid Amount shall be fixed, regardless of any additions or reductions to the amount of Assumed 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.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 4.411.3% of the Assumed Deposits for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). For purposes of determining the Bid Amount, adjustments will be made to the amount of Assumed Deposits to the Settlement Date; thereafter, the Bid Amount shall be fixed, regardless of any additions or reductions to the amount of Assumed 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.

BID; INITIAL PAYMENT. The Assuming Bank Institution has submitted to the Receiver a positive Deposit premium bid of 4.410% and an Asset premium (discount) bid of 0% (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for the Assets purchased brokered, CDARS, and Liabilities Assumed hereunder any market place or similar subscription services Deposits as more particularly set forth on Schedule 7 attached hereto and made a part hereof. The Asset premium (the "Bid Amount"). For purposes of determining the Bid Amount, adjustments discount) bid will be made applied to the amount purchase price of Assumed Deposits to the Settlement Date; thereafter, the Bid Amount shall be fixed, regardless of any additions or reductions to the amount of Assumed Depositsall Assets acquired. 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.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 4.415.29% of the Assumed Deposits for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). For purposes of determining the Bid Amount, adjustments will be made to the amount of Assumed Deposits to the Settlement Date; thereafter, the Bid Amount shall be fixed, regardless of any additions or reductions to the amount of Assumed 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.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 4.411.0 % of the Assumed Deposits Deposits, less Brokered Deposits, for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). For purposes of determining the Bid Amount, adjustments will be made to the amount of Assumed Deposits to the Settlement Date; thereafter, the Bid Amount shall be fixed, regardless of any additions or reductions to the amount of Assumed 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.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 4.415.29% of the Assumed Deposits for the Assets purchased and Liabilities Assumed hereunder (the "“Bid Amount"”). For purposes of determining the Bid Amount, adjustments will be made to the amount of Assumed Deposits to the Settlement Date; thereafter, the Bid Amount shall be fixed, regardless of any additions or reductions to the amount of Assumed 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.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 4.411.711% of the Assumed Deposits for the Assets purchased and Liabilities Assumed hereunder (the "“Bid Amount"”). For purposes of determining the Bid Amount, adjustments will be made to the amount of Assumed Deposits to the Settlement Date; thereafter, the Bid Amount shall be fixed, regardless of any additions or reductions to the amount of Assumed 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.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 4.411.011% of the Assumed Deposits Deposits, less Brokered Deposits, for the Assets purchased and Liabilities Assumed hereunder (the "“Bid Amount"”). For purposes of determining the Bid Amount, adjustments will be made to the amount of Assumed Deposits to the Settlement Date; thereafter, the Bid Amount shall be fixed, regardless of any additions or reductions to the amount of Assumed 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 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.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 4.411.36% of the Assumed Deposits Deposits, less Brokered and Quick Rate Deposits, for the Assets purchased and Liabilities Assumed hereunder (the "“Bid Amount"”). For purposes of determining the Bid Amount, adjustments will be made to the amount of Assumed Deposits to the Settlement Date; thereafter, the Bid Amount shall be fixed, regardless of any additions or reductions to the amount of Assumed 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.