Common use of Payment of Termination Amount Clause in Contracts

Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution shall pay or cause to be paid to the Receiver by wire transfer in immediately available funds, Three Million Twenty Eight Thousand Six Hundred Seventy Two Dollars ($3,028,672) (the "Termination Amount"). The Assuming Institution and the Receiver hereby acknowledge that the amount of shared-loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount. 2.2

Appears in 1 contract

Samples: Termination Agreement (Capital Bank Financial Corp.)

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Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution shall pay or cause to be paid to the Receiver by wire transfer in immediately available funds, Three Four Million Twenty Eight Hundred Forty Nine Thousand Six One Hundred Seventy Two Sixty One Dollars ($3,028,6724,849,161) (the "Termination Amount"). The Assuming Institution and the Receiver hereby acknowledge that the amount of shared-loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount. 2.2.

Appears in 1 contract

Samples: Termination Agreement (Renasant Corp)

Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution shall pay or cause to be paid to the Receiver by wire transfer in immediately available funds, Three Million Twenty Eight Thousand Six Hundred Seventy Two Dollars ($3,028,672) 118,446,418 (the "Termination Amount"). The Assuming Institution and the Receiver hereby acknowledge that the amount of shared-loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount. 2.2.

Appears in 1 contract

Samples: Termination Agreement (East West Bancorp Inc)

Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution shall pay or cause to be paid to the Receiver by wire transfer in immediately available funds, Three Fifteen Million Twenty One Hundred Eight Thousand Six Three Hundred Seventy Two Ninety Three Dollars ($3,028,67215,108,393) (the "Termination Amount"). The Assuming Institution and the Receiver hereby acknowledge that the amount of shared-loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount. 2.2.

Appears in 1 contract

Samples: Termination Agreement (National Bank Holdings Corp)

Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution shall pay or cause to be paid to the Receiver by wire transfer in immediately available funds, Three Million Twenty Eight funds Seven Thousand Six Hundred Seventy Two Thirty Four Dollars ($3,028,6727,034) (the "Termination Amount"). The Assuming Institution and the Receiver hereby acknowledge that the amount of any shared-loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount. 2.2.

Appears in 1 contract

Samples: Termination Agreement (BankUnited, Inc.)

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Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution shall pay or cause to be paid to the Receiver by wire transfer in immediately available funds, Three Million Twenty Eight Thousand Two Million, Twelve Thousand, Fifty Six Hundred Seventy Two Dollars ($3,028,6722,012,056) (the "Termination Amount"). The Assuming Institution and the Receiver hereby acknowledge that the amount of shared-loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount. 2.2.

Appears in 1 contract

Samples: Termination Agreement (First Bancorp /Nc/)

Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution Receiver shall pay or cause to be paid to the Receiver Assuming Institution by wire transfer in immediately available funds, funds Three Million Twenty Eight One Hundred Thousand Six Hundred Seventy Two Dollars ($3,028,6723,100,000) (the "Termination Amount"). The Assuming Institution and the Receiver hereby acknowledge that the amount of shared-loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount. 2.2.

Appears in 1 contract

Samples: Termination Agreement (Community Bankers Trust Corp)

Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution shall pay or cause to be paid to the Receiver by wire transfer in immediately available funds, Three funds Six Million Twenty Eight Thousand Six Hundred Seventy Two Thirteen Thousand Four Hundred Forty Eight Dollars ($3,028,6726,613,448) (the "β€œTermination Amount"”). The Assuming Institution and the Receiver hereby acknowledge that the amount of shared-shared loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount. 2.2.

Appears in 1 contract

Samples: Termination Agreement (Home Bancshares Inc)

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