Common use of Loss Sharing Clause in Contracts

Loss Sharing. This Agreement includes a Commercial Shared-Loss Agreement attached hereto as Exhibit 4.15B. The Assuming Institution shall be entitled to require reimbursement from the Receiver for shared losses, and share recoveries, on certain loans and assets in accordance with the Commercial Shared-Loss Agreement. No Asset will be added to Schedule 4.15B after the schedule is provided by the Receiver but an Asset may be removed from the schedule if the Assuming Institution provides documentation the Asset does not meet the definition of a Shared-Loss Asset. Additionally, the Receiver may remove government-guaranteed Loans or Other Real Estate related to government-guaranteed Loans from the schedule.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (HCBF Holding Company, Inc.), Purchase and Assumption Agreement (First Financial Holdings Inc /De/)

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Loss Sharing. This Agreement includes a Commercial Shared-Loss Agreement attached hereto as Exhibit 4.15B. The Receiver and the Assuming Institution shall be entitled are parties to require reimbursement from the Receiver for shared losses, and share recoveries, on certain loans and assets in accordance with the Commercial Shared-Loss Agreement. No Asset asset will be added to Schedule 4.15B to the Commercial Shared-Loss Agreement after the Receiver provides that schedule is provided by and all parties have executed the Receiver but an Asset Commercial Shared-Loss Agreement. An asset may be removed from the schedule that schedule, if the Assuming Institution provides documentation that the Asset asset does not meet the definition of a Shared-Loss AssetAsset (as defined in the Commercial Shared-Loss Agreement). Additionally, the Receiver may remove government-guaranteed Loans or Other Real Estate related to government-government- guaranteed Loans from the that schedule.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

Loss Sharing. This Agreement includes a Commercial Shared-Loss Agreement attached hereto as Exhibit 4.15B. The Receiver and the Assuming Institution shall be entitled are parties to require reimbursement from the Receiver for shared losses, and share recoveries, on certain loans and assets in accordance with the Commercial Shared-Loss Agreement. No Asset asset will be added to Schedule 4.15B 4. 14B to the Commercial Shared-Loss Agreement after the Receiver provides that schedule is provided by and all parties have executed the Receiver but an Asset Commercial Shared-Loss Agreement. An asset may be removed from the schedule that schedule, if the Assuming Institution provides documentation that the Asset asset does not meet the definition of a Shared-Loss AssetAsset (as defined in the Commercial Shared-Loss Agreement). Additionally, the Receiver may remove government-government­ guaranteed Loans or Other Real Estate related to government-guaranteed Loans from the that schedule.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

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Loss Sharing. This Agreement includes a Commercial Shared-Loss Agreement attached hereto as Exhibit 4.15B. The Receiver and the Assuming Institution shall be entitled are parties to require reimbursement from the Receiver for shared losses, and share recoveries, on certain loans and assets in accordance with the Commercial Shared-Loss Agreement. No Asset asset will be added to Schedule 4.15B 4.14B to the Commercial Shared-Loss Agreement after the Receiver provides that schedule is provided by and all parties have executed the Receiver but an Asset Commercial Shared-Loss Agreement. An asset may be removed from the schedule that schedule, if the Assuming Institution provides documentation that the Asset asset does not meet the definition of a Shared-Loss AssetAsset (as defined in the Commercial Shared-Loss Agreement). Additionally, the Receiver may remove government-guaranteed Loans or Other Real Estate related to government-guaranteed Loans from the that schedule.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Citizens Bancshares Inc /De/)

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