Order of Application. For the purpose of calculating Recoveries, the Assuming Institution shall apply any collections received on an Asset not otherwise applied to reduce the Book Value of such Asset, if applicable, in the following order:
Appears in 41 contracts
Samples: Purchase and Assumption Agreement (BNC Bancorp), Purchase and Assumption Agreement (Ameris Bancorp), Purchase and Assumption Agreement (FCB Financial Holdings, Inc.)
Order of Application. For the purpose of calculating Recoveries, the Assuming Institution shall apply any collections received on an a Shared-Loss Asset not otherwise applied to reduce the Book Value of such Shared-Loss Asset, if applicable, in the following order:
Appears in 1 contract
Samples: Shared Loss Agreement
Order of Application. For the purpose of calculating Recoveries, the Assuming Institution shall apply any collections received on an Acquired Asset not otherwise applied to reduce the Book Value of such Acquired Asset, if applicable, in the following order:
Appears in 1 contract
Samples: Shared Loss Agreement (First Citizens Bancshares Inc /De/)
