Common use of Loss Mitigation Programs Clause in Contracts

Loss Mitigation Programs. The Assuming Institution shall administer and undertake reasonable and customary loss mitigation efforts and act in accordance with usual and prudent banking practices and the provisions of this Agreement with respect to Shared-Loss Loans.

Appears in 13 contracts

Samples: Purchase and Assumption Agreement (SCBT Financial Corp), Purchase and Assumption Agreement (Bond Street Holdings Inc), Purchase and Assumption Agreement

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Loss Mitigation Programs. The Assuming Institution shall administer and undertake reasonable and customary loss mitigation efforts and act in accordance with usual and prudent banking practices and the provisions of this Agreement with respect to Shared-Loss Loans.Loss

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Old National Bancorp /In/), Purchase and Assumption Agreement (SCBT Financial Corp), Purchase and Assumption Agreement (Ameris Bancorp)

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