FIRST LOSS TRANCHE. The Assuming Bank has submitted to the Receiver an asset premium (discount) bid of negative three billion dollars ($3,000,000,000) and a Deposit premium bid of zero percent (0%). 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 Deposits. The First Loss Tranche shall be determined by adding (i) the asset premium (discount) bid, (ii) the Deposit premium bid, and (iii) the Equity Adjustment. If the First Loss Tranche is a positive number, then this is the Losses on Single Family Shared-Loss Loans and Net Charge-offs on Shared Loss Assets that the Assuming Bank will incur before loss-sharing commences under Exhibits 4.15A and 4.15B. If the First Loss Tranche is a negative number, the Corporation shall pay such amount by wire transfer to the Assuming Bank by the end of the first business day following Bank Closing and loss sharing shall commence immediately.
FIRST LOSS TRANCHE. 26 ADJUSTMENTS 27 Pro Forma Statement 27 Correction of Errors and Omissions; Other Liabilities Payments 28 Interest 28 Subsequent Adjustments 28 CONTINUING COOPERATION 28 General Matters 28 Additional Title Documents 29 Claims and Suits 29 Payment of Deposits 29 Withheld Payments 29 Proceedings with Respect to Certain Assets and Liabilities 30 Information 30 CONDITION PRECEDENT 31 REPRESENTATIONS AND WARRANTIES OF THE ASSUMING BANK 31 INDEMNIFICATION 32 Indemnification of Indemnitees 32 Conditions Precedent to Indemnification 35 No Additional Warranty 36 Indemnification of Corporation and Receiver 36 Obligations Supplemental 36 12.6 12.7 12.8 ARTICLE XIII 13.1 13.2 13.3 13.4 13.5 13.6 13.7 13.8 13.9 13.10 13.11 13.12
FIRST LOSS TRANCHE. The Assuming Institution has submitted to the Receiver an asset premium (discount) bid of ($53 million) and a positive Deposit premium bid of 0%. 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 Deposits. The First Loss Tranche shall be determined by adding
FIRST LOSS TRANCHE. The Assuming Bank has submitted to the Receiver an asset premium (discount) bid of $(155,431,000) and a positive Deposit premium bid of 0%. 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 Deposits. The First Loss Tranche shall be determined by adding
FIRST LOSS TRANCHE. The Assuming Bank has submitted to the Receiver an asset discount bid of ($14,000,000) and a Deposit premium bid of 0%. 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 Deposits. The First Loss Tranche shall be determined by adding (i) the asset premium (discount) bid, (ii) the Deposit premium bid, and (iii) the Equity Adjustment. If the First Loss Tranche is a positive number, then this is the Losses on Single Family Shared-Loss Loans and Net Charge-offs on Shared Loss Assets that the Assuming Bank will incur before loss-sharing commences under Exhibits 4.15A and 4.15B. If the First Loss Tranche is a negative number, the Corporation shall pay such amount by wire transfer to the Assuming Bank by the end of the first business day following Bank Closing, together with interest determined in accordance with Section 8.4, and loss sharing shall commence immediately.
FIRST LOSS TRANCHE. The Assuming Bank has submitted to the Receiver an asset premium (discount) bid of ($57,600,000) and a Deposit premium bid of 0%. 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 Deposits. The First Loss Tranche shall be determined by adding (i) the asset premium (discount) bid, (ii) the Deposit premium bid, and (iii) the Equity Adjustment. If the First Loss Tranche is a positive number, then this is the Losses on Single Family Shared-Loss Loans and Net Charge-offs on Shared Loss Assets that the Assuming Bank will incur before
FIRST LOSS TRANCHE. The Assuming Bank has submitted to the Receiver an asset discount bid of ($26,900,000.00) and a Deposit premium bid of 0%. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. The First Loss Tranche shall be determined by adding (i) the asset discount bid, (ii) the Deposit premium bid, and (iii) the Equity Adjustment. If the First Loss Tranche is a positive number, then this is the Losses on Single Family Shared-Loss Loans and Net Charge-offs on Shared-Loss Assets that the Assuming Bank will incur before loss- sharing commences under Exhibits 4.15A and 4.15B. If the First Loss Tranche is a negative number, the Corporation shall pay such amount by wire transfer to the Assuming Bank by the end of the first business day following Bank Closing and loss sharing shall commence immediately.
FIRST LOSS TRANCHE. The Assuming Bank has submitted to the Receiver an asset premium (discount) bid of ($ 35,990,000.00) and a Deposit premium bid of 1.1
FIRST LOSS TRANCHE. The Assuming Bank has submitted to the Receiver of Security Bank of Xxxx County an asset premium (discount) bid of $(130,500,000.00) and a Deposit premium bid of zero%. The Assuming Bank has submitted to the Receiver of Security Bank of Gwinnett County an asset premium (discount) bid of $(70,000,000.00) and a Deposit premium bid of zero%. The Assuming Bank has submitted to the Receiver of Security Bank of Houston County an asset premium (discount) bid of $(28,000,000.00) and a Deposit premium bid of zero%. The Assuming Bank has submitted to the Receiver of Security Bank of Xxxxx County an asset premium (discount) bid of $(36,000,000.00) and a Deposit premium bid of zero%. The Assuming Bank has submitted to the Receiver of Security Bank of North Xxxxxx an asset premium (discount) bid of $(17,000,000.00) and a Deposit premium bid of zero%. The Assuming Bank has submitted to the Receiver of Security Bank of North Metro an asset premium (discount) bid of $(35,000,000.00) and a Deposit premium bid of zero%. 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 Deposits. The First Loss Tranche shall be determined by adding (i) the asset premium (discount) bid, (ii) the Deposit premium bid, and (iii) the Equity Adjustment. If the First Loss Tranche is a positive number, then this is the Losses on Single Family Shared-Loss Loans and Net Charge-offs on Shared Loss Assets that the Assuming Bank will incur before loss-sharing commences under Exhibits 4.15A and 4.15B. If the First Loss Tranche is a negative number, the Corporation shall pay such amount by wire transfer to the Assuming Bank by the end of the first business day following Bank Closing and loss sharing shall commence immediately.
FIRST LOSS TRANCHE. The Assuming Bank has submitted to the Receiver of Security Bank of Xxxx County an asset premium (discount) bid of $(130,500,000.00) and a Deposit premium bid of zero%. The Assuming Bank has submitted to the Receiver of Security Bank of Gwinnett County an asset premium (discount) bid of $(70,000,000.00) and a Deposit premium bid of zero%. The Assuming Bank has submitted to the Receiver of Security Bank of Houston County an asset premium (discount) bid of $(28,000,000.00) and a Deposit premium bid of zero%. The Assuming Bank has submitted to the Receiver of Security Bank of Xxxxx County an asset premium (discount) bid of $(36,000,000.00) and a Deposit premium bid of zero%. The Assuming Bank has submitted to the Receiver of Security Bank of North Xxxxxx an asset premium (discount) bid of $(17,000,000.00) and a Deposit premium bid of zero%. The Assuming Bank has submitted to the Receiver of Security Bank of North Metro an asset premium (discount) bid of $(35,000,000.00) and a Deposit premium bid of zero%.
