Common use of Loans Transferred Clause in Contracts

Loans Transferred. (a) Seller will transfer to Purchaser as of the Effective Time, subject to the terms and conditions of this Agreement, all of Seller's right, title and interest in (including collateral relating thereto) loans maintained, serviced and listed as loans assigned to the Banking Facilities (collectively, the "Loans"); provided, however, the Loans shall not include any loans described in subsection (b) below. Such Loans (as well as any lien or security interest related

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Republic Bancshares Inc), Purchase and Assumption Agreement (Republic Bancshares Inc)

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Loans Transferred. (a) Seller will transfer to Purchaser as of the Effective Time, subject to the terms and conditions of this Agreement, all of Seller's right, title and interest in (including collateral relating thereto) loans maintained, serviced and listed in Seller's general ledger as loans assigned to of the Banking Facilities Centers (collectively, the "Loans"); provided, however, however the Loans shall not include any loans described in subsection (b) below. Such Loans (as well as any lien or security interest relatedsubsection

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Bancfirst Corp /Ok/)

Loans Transferred. (a) Seller will transfer to Purchaser as of on the Effective TimeDate, subject to the terms and conditions of this Agreement, all of Seller's right, title and interest in (including collateral relating thereto) performing loans maintained, serviced and listed in Seller's general ledger as loans assigned to of the Banking Facilities Branch (collectively, collectively the "Loans") including those set forth on Exhibit 1.4(a)(1); provided, however, that the Loans shall do not include any the loans described in subsection (blisted on Exhibit 1.4(a)(2) below. Such Loans (as well as any lien or security interest relatedwhich will remain the property of Seller.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (C & S Bancorporation Inc)

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Loans Transferred. (a) Seller will transfer to Purchaser as of the Effective Time, subject to the terms and conditions of this Agreement, all of Seller's right, title title, and interest in (including accrued but unpaid interest and late charges and collateral relating thereto) loans maintained, serviced and listed as those loans assigned or attributable to the Banking Facilities Center that are listed on Exhibit 2.4(a) (collectively, the "Loans"); provided, however, the Loans shall not include any loans described in subsection (b) below. Such Loans (as well as any lien or security interest relatedrelated thereto) shall be transferred by means of one or more blanket (collective) assignments and not individually (except as may be otherwise required by law).

Appears in 1 contract

Samples: Purchase and Assumption Agreement (CNB Financial Services Inc)

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