BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 0.00% of the Assumed Deposits for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). 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 Bank has submitted to the Receiver a positive negative bid of 0.00% of the Assumed Deposits ($37,000,000) for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). 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.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement
BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive negative bid of 0.00% of the Assumed Deposits Nine Million Nine Hundred Seventy Five Thousand Dollars ($9,975,000.00) for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). 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.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement
BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 0.00% of the Assumed Deposits $40,000.00 for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). 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.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement
BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive negative bid of 0.00% of the Assumed Deposits $6,022,000 for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). 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.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement
BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive negative bid of 0.00% of the Assumed Deposits ($28,200,000) for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). 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.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement Whole Bank
BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive negative bid of 0.00% of the Assumed Deposits ($34,000,000) for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). 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.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement
BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive negative bid of 0.00% of the Assumed Deposits $15,000,000 for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). 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.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement
BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive negative bid of 0.00% of the Assumed Deposits ($110,900,000.00) for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). 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.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement Whole
BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive negative bid of 0.00% of the Assumed Deposits ($110,900,000.00) for the Assets purchased and Liabilities Assumed hereunder (the "“Bid Amount"”). 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.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Tri City Bankshares Corp)
BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive negative bid of 0.00% of the Assumed Deposits $70,000,000.00 for the Assets purchased and Liabilities Assumed hereunder (the "“Bid Amount"”). 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.
Appears in 1 contract
Samples: Purchase and Assumption Agreement
BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 0.00% of the Assumed Deposits $2,025,000.00 for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). 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.
Appears in 1 contract
Samples: Purchase and Assumption Agreement