Common use of FDIC Open-Bank Assistance Clause in Contracts

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when if the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, subject to any vested rights of the Executive under applicable law, except to the extent it is determined that continuation of the contract is necessary for the continued operation of the Bank, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c). [12 U.S.C. 1823(css.1823(c). Rights of the parties that have already vested shall not be affected by such action, however].

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when if the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested shall are not be affected by such actionaffected, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankCortland Savings and Banking Company, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Cortland Savings and Banking Company under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankCompany, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Company under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c). Rights of the parties Executive that have already vested shall not be affected by such actionaffected, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Federal Deposit Insurance Act section Section 13(c). 12 U.S.C. 1823(c). Rights However, rights of the parties that have already vested in accordance with Section 2.2(c) shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested vested, however, shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatewill be terminated, except to the extent determined that continuation of the contract Agreement is necessary for the continued operation of the Bank, when by the Director of the Office of Thrift Supervision or his or her designee, at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, howeverBank.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in Federal Deposit Insurance Act Act, section 13(c). , 12 U.S.C. § 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such actionaffected, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, subject to any vested rights of the Executive under applicable law, except to the extent it is determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c). [12 U.S.C. §1823(c). Rights of the parties that have already vested shall not be affected by such action, however].

FDIC Open-Bank Assistance. All Unless the Federal Deposit Insurance Corporation determines that continuation of this Agreement is necessary for the Bank's continued operation, all obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, terminate when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested vested, however, shall not be adversely affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in Federal Deposit Insurance Act section Section 13(c). , 12 U.S.C. § 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c). Rights of the parties that have already vested shall are not be affected by such actionaffected, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when if the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested shall are not be affected by such actionaffected, however.. ARTICLE 6

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c). (12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however).

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Federal Deposit Insurance Act section 13(c). , 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c). Act, 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatewill be terminated, except to the extent determined that continuation of the contract Agreement is necessary for the continued operation of the Bank, when by the Director of the Office of Thrift Supervision or his or her designee, at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c). 12 U.S.C. U.S.C 1823(c). Rights Any rights of the parties that have already vested vested, however, shall not be adversely affected by such action, however.

FDIC Open-Bank Assistance. All Unless the Federal Deposit Insurance Corporation determines that continuation of this Agreement is necessary for the Bank's continued operation, all obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, terminate when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested vested, however, shall not be adversely affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c13(c).12 U.S.C.1823(c). Rights of the parties Executive that have already vested shall not be affected by such actionaffected, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, subject to any vested rights of the Executive under applicable law, except to the extent it is determined that continuation of the contract is necessary for the continued operation of any of the BankSubsidiaries, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of any of the Bank Subsidiaries under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c). [12 U.S.C. 1823(css.1823(c). Rights of the parties that have already vested shall not be affected by such action, however].

FDIC Open-Bank Assistance. All obligations under this Agreement Plan shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when at the time the Federal Deposit Insurance Corporation enters into an agreement Plan to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, subject to any vested rights of the Executive under applicable law, except to the extent it is determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c). [12 U.S.C. §1823(c)]. Rights Page 12 of the parties that have already vested shall not be affected by such action, however.54 Pages

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, subject to any vested rights of the Executive under applicable law, except to the extent it is determined that continuation of the contract is necessary for the continued operation of the BankEmployer, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c). [12 U.S.C. §1823(c)]. Rights Page 29 of the parties that have already vested shall not be affected by such action, however.54 Pages

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, subject to any vested rights of the Executive under applicable law, except to the extent it is determined that continuation of the contract is necessary for the continued operation of any of the BankBank Subsidiaries, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of any of the Bank Subsidiaries under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c). [12 U.S.C. 1823(css.1823(c). Rights of the parties that have already vested shall not be affected by such action, however].

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.. Article 6

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the Bank, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankCompany, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Company under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankCompany, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Company under the authority contained in Federal Deposit Insurance Act section 13(c). 12 U.S.C. 1823(c). Rights of the parties Executive that have already vested shall not be affected by such actionaffected, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminate, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankThe Cortland Savings and Banking Company, when the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank The Cortland Savings and Banking Company under the authority contained in section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights Any rights of the parties that have already vested shall not be affected by such action, however.

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, subject to any vested rights of the Executive under applicable law, except to the extent it is determined that continuation of the contract is necessary for the continued operation of the BankBank Subsidiary, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Subsidiary under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c). [12 U.S.C. 1823(css.1823(c). Rights of the parties that have already vested shall not be affected by such action, however].

FDIC Open-Bank Assistance. All obligations under this Agreement shall terminatebe terminated, except to the extent determined that continuation of the contract is necessary for the continued operation of the BankCompany’s subsidiary bank, when at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank Company under the authority contained in Section 13(c) of the Federal Deposit Insurance Act section 13(c)Act. 12 U.S.C. 1823(c). Rights of the parties that have already vested shall not be affected by such action, however.