CREDIT INSURANCE. Seller shall remit all proceeds it receives after the Closing Time on account of credit insurance on the Purchased Loans to Purchaser, and Seller will use its commercially reasonable efforts to assign policies of credit insurance associated with the Purchased Loans to Purchaser. Purchaser will remit any insurance premiums paid to it in connection with the Purchased Loans to the appropriate credit insurance company.
Appears in 4 contracts
Samples: Purchase and Assumption Agreement (Atlantic Capital Bancshares, Inc.), Purchase and Assumption Agreement (Atlantic Capital Bancshares, Inc.), Purchase and Assumption Agreement (Atlantic Capital Bancshares, Inc.)
CREDIT INSURANCE. As applicable, Seller shall promptly remit all proceeds it receives after the Closing Time on account of credit insurance on the Purchased Loans to Purchaser, and Seller will use its commercially reasonable efforts to assign policies of credit insurance insurance, if any, associated with the Purchased Loans to Purchaser. Purchaser will remit any insurance premiums paid to it in connection with the Purchased Loans to the appropriate credit insurance company.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Pathfinder Bancorp, Inc.)
CREDIT INSURANCE. Seller shall will remit all proceeds it receives after the Closing Time on account of credit insurance on the Purchased Loans to Purchaser, and Seller will use its commercially reasonable best efforts to assign policies of credit insurance associated with the Purchased Loans to Purchaser. Purchaser will remit any insurance premiums paid to it in connection with the Purchased Loans to the appropriate credit insurance company.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Fidelity Southern Corp)
