Common use of Occupancy Clause in Contracts

Occupancy. The Assuming Institution shall give the Receiver fifteen (15) days' prior written notice of its intention to vacate prior to vacating any leased Bank Premises with respect to which the Assuming Institution has not exercised the option provided in Section 4.6(b). Any such notice shall be deemed to terminate the Assuming Institution's option with respect to such leased Bank Premises.

Appears in 226 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement

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Occupancy. The Assuming Institution Bank shall give the Receiver fifteen (15) days' prior written notice of its intention to vacate prior to vacating any leased Bank Premises with respect to which the Assuming Institution Bank has not exercised the option provided in Section 4.6(b). Any such notice shall be deemed to terminate the Assuming InstitutionBank's option with respect to such leased Bank Premises.

Appears in 183 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement Whole Bank, Purchase and Assumption Agreement

Occupancy. The Assuming Institution Bank shall give the Receiver fifteen (15) days' prior written notice of its intention to vacate prior to vacating any leased Bank Premises with respect to which the Assuming Institution Bank has not exercised the option provided in Section 4.6(b). Any such notice shall be deemed to terminate the Assuming Institution's Bank’s option with respect to such leased Bank Premises.

Appears in 82 contracts

Samples: Purchase and Assumption Agreement (Iberiabank Corp), Purchase and Assumption Agreement (First Citizens Bancshares Inc /De/), Purchase and Assumption Agreement (STATE BANK FINANCIAL Corp)

Occupancy. The Assuming Institution shall give the Receiver fifteen (15) days' prior written notice of its intention to vacate prior to vacating any leased Bank Premises with respect to which the Assuming Institution has not exercised the option provided in Section 4.6(b). Any such notice shall be deemed to terminate the Assuming Institution's ’s option with respect to such leased Bank Premises.

Appears in 80 contracts

Samples: Purchase and Assumption Agreement (STATE BANK FINANCIAL Corp), Purchase and Assumption Agreement (EverBank Financial Corp), Purchase and Assumption Agreement

Occupancy. The Assuming Institution shall give the Receiver fifteen (15) days' days prior written notice of its intention to vacate prior to vacating any leased Bank Premises with respect to which the Assuming Institution has not exercised the option provided in Section 4.6(b). Any such notice shall be deemed to terminate the Assuming Institution's ’s option with respect to such leased Bank Premises.

Appears in 54 contracts

Samples: Purchase and Assumption Agreement (Heritage Financial Group Inc), Purchase and Assumption Agreement (Charter Financial Corp/Ga), Purchase and Assumption Agreement (Citizens South Banking Corp)

Occupancy. The Assuming Institution shall give the Receiver fifteen (15) days' days prior written notice of its intention to vacate prior to vacating any leased Bank Premises with respect to which the Assuming Institution has not exercised the option provided in Section 4.6(b). Any such notice shall be deemed to terminate the Assuming Institution's option with respect to such leased Bank Premises.

Appears in 10 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement (Enterprise Financial Services Corp), Purchase and Assumption Agreement

Occupancy. The Assuming Institution shall give the Receiver fifteen (15) days' prior written notice of its intention to vacate prior to vacating any leased Bank Premises with respect to which the Assuming Institution has not exercised the option provided in Section 4.6(b)) . Any such notice shall be deemed to terminate the Assuming Institution's ’s option with respect to such leased Bank Premises.

Appears in 5 contracts

Samples: Purchase and Assumption Agreement (Bank of the Ozarks Inc), Purchase and Assumption Agreement (Ameris Bancorp), Purchase and Assumption Agreement (Umpqua Holdings Corp)

Occupancy. The Assuming Institution Bank shall give the Receiver fifteen (15) days' days prior written notice of its intention to vacate prior to vacating any leased Bank Premises with respect to which the Assuming Institution Bank has not exercised the option provided in Section 4.6(b). Any such notice shall be deemed to terminate the Assuming InstitutionBank's option with respect to such leased Bank Premises.

Appears in 4 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement Whole, Purchase and Assumption Agreement

Occupancy. The Assuming Institution Bank shall give the Receiver fifteen (15) days' days prior written notice of its intention to vacate prior to vacating any leased Bank Premises with respect to which the Assuming Institution Bank has not exercised the option provided in Section 4.6(b). Any such notice shall be deemed to terminate the Assuming Institution's Bank’s option with respect to such leased Bank Premises.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Charter Financial Corp/Ga), Purchase and Assumption Agreement, Purchase and Assumption Agreement

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Occupancy. The Assuming Institution shall give the Receiver fifteen (15) days' days prior written notice of its intention to vacate prior to vacating any leased Bank Premises with respect to which the Assuming Institution has not exercised the option provided in Section 4.6(b)) . Any such notice shall be deemed to terminate the Assuming Institution's ’s option with respect to such leased Bank Premises.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Bank of the Ozarks Inc), Purchase and Assumption Agreement (Trico Bancshares /)

Occupancy. The Assuming Institution shall give the Receiver fifteen (15) days' prior written notice of its intention to vacate prior to vacating any leased Bank Premises with respect to which the Assuming Institution has not exercised the option provided in Section 4.6(b). Any such notice shall be deemed to terminate the Assuming Institution's option with respect to such leased Bank Premises.. Module 1 – Whole Bank w/ Loss Share – P&A EARTHSTAR BANK Version 2.11B SOUTHAMPTON, PENNSYLVANIA October 8, 2010

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Polonia Bancorp)

Occupancy. The Assuming Institution Bank shall give the Receiver fifteen (15) days' prior days’prior written notice of its intention to vacate prior to vacating any leased Bank Premises with respect to which the Assuming Institution Bank has not exercised the option provided in Section 4.6(b). Any such notice shall be deemed to terminate the Assuming Institution's Bank’s option with respect to such leased Bank Premises.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Community Bankers Trust Corp)

Occupancy. The Assuming Institution Bank shall give the Receiver fifteen (15) days' prior written notice of its intention to vacate prior to vacating any leased Ieased Bank Premises with respect to which the Assuming Institution Bank has not exercised the option provided in Section 4.6(b). Any such notice shall be deemed to terminate the Assuming Institution's Bank’s option with respect to such leased Bank Premises.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Mb Financial Inc /Md)

Occupancy. The Assuming Institution shall give the Receiver fifteen (15) days' prior written notice of its intention to vacate prior to vacating any leased Bank Premises with respect to which the Assuming Institution has not exercised the option provided in Section 4.6(b). Any such notice shall be deemed to terminate the Assuming Institution's option with respect to such leased Bank Premises.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Bank of the Ozarks Inc)

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