Common use of FIRST LOSS TRANCHE Clause in Contracts

FIRST LOSS TRANCHE. The Assuming Bank has submitted to the Receiver an asset discount bid of ($42,000,000.00) and a Deposit premium bid of 1.5%. 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 an asset discount bid of ($42,000,000.007,500,000.00) and a Deposit premium bid of 1.50%. 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- 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 Closing, plus interest 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 discount bid of ($42,000,000.00150,000,000) and a Deposit premium bid of 1.50.00%. 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 Closing, plus interest 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 discount bid of ($42,000,000.0014,000,000) and a Deposit premium bid of 1.50%. 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- 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 Closing, together with interest determined in accordance with Section 8.4, and loss sharing shall commence immediately.

FIRST LOSS TRANCHE. The Assuming Bank Institution has submitted to the Receiver an asset discount bid of ($42,000,000.00497,000,000) and a Deposit premium bid of 1.50 %. 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- Shared-Loss Loans and Net Charge-offs on Shared Loss Assets that the Assuming Bank Institution 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 Institution by the end of the first business day following Bank Closing 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 discount bid of ($42,000,000.00100,300,000.00) and a positive Deposit premium bid of 1.50%. 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) 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- 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 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 discount bid of $($42,000,000.00158,000,000.00) and a Deposit premium bid of 1.50%. 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) 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- 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 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 discount premium bid of ($42,000,000.00) 401,000,000.00 and a Deposit premium bid of 1.50%. 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- Shared-Loss Loans and Net Charge-offs on Shared Loss Assets that the Assuming Bank will incur before loss-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 Closing, together with interest determined in accordance with Section 8.4, and loss sharing shall commence immediately.

FIRST LOSS TRANCHE. The Assuming Bank Institution has submitted to the Receiver an asset discount bid of $($42,000,000.009,741,000.00) and a positive Deposit premium bid of 1.50.50 %. 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) 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 Institution 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 Institution by the end of the first business day following Bank Closing 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 discount bid of ($42,000,000.007,000,000.00) and a positive Deposit premium bid of 1.50.00 %. 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- 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 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 discount bid of ($42,000,000.00158,000,000.00) and a Deposit premium bid of 1.50%. 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) 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- 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 Closing, together with interest determined in accordance with Section 8.4, and loss sharing shall commence immediately.

FIRST LOSS TRANCHE. The Assuming Bank Institution has submitted to the Receiver an asset discount premium (discount) bid of ($42,000,000.0053 million) and a positive Deposit premium bid of 1.50%. 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- Shared-Loss Loans and Net Charge-offs on Shared Loss Assets that the Assuming Bank Institution 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 Institution by the end of the first business day following Bank Closing Closing, together with interest determined in accordance with Section 8.4, and loss sharing shall commence immediately.

FIRST LOSS TRANCHE. The Assuming Bank Institution has submitted to the Receiver an asset discount bid of ($42,000,000.00) 0 and a positive Deposit premium bid of 1.5%the lesser of .15% or $320,000.00. 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- Shared-Loss Loans and Net Charge-offs on Shared Loss Assets that the Assuming Bank Institution 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 Institution by the end of the first business day following Bank Closing 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 discount bid of ($42,000,000.00) and a Deposit premium bid of 1.5%. 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- 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 Institution has submitted to the Receiver an asset discount bid of $($42,000,000.009,741,000.00) and a positive Deposit premium bid of 1.5%0.50% . 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) 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- Shared-Loss Loans and Net Charge-offs on Shared Loss Assets that the Assuming Bank Institution 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 Institution by the end of the first business day following Bank Closing Closing, together with interest determined in accordance with Section 8.4, and loss sharing shall commence immediately.