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 Twenty Three Million Seven Hundred Forty Eight Thousand Nine Hundred Thirty One Dollars ($23,748,931) (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.

Appears in 1 contract

Samples: Termination Agreement (Popular 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 funds, Ten Million One Hundred Twenty Three Million Seven Four Thousand Six Hundred Forty Ninety Eight Thousand Nine Hundred Thirty One Dollars ($23,748,93110,124,698) (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.

Appears in 1 contract

Samples: Termination Agreement (Ofg Bancorp)

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 Bank by wire transfer in immediately available funds Twenty Three Six Million Seven Two Hundred Forty Eight Fifty Five Thousand Nine Hundred Thirty One Fifty Four Dollars ($23,748,9316,255,954) (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.

Appears in 1 contract

Samples: Termination Agreement (Hilltop Holdings 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 Receiver shall pay or cause to be paid to the Receiver Assuming Institution by wire transfer in immediately available funds Twenty Three Two Million Seven One Hundred Forty Eight Nine Thousand Nine Hundred Thirty One Thirty- Eight United States Dollars ($23,748,9312,109,938) (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 (BNC Bancorp)

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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 Receiver shall pay or cause to be paid to the Receiver Assuming Institution by wire transfer in immediately available funds Twenty Three Six Million Seven Five Hundred Forty Eight Thousand Two Thousand-Two Hundred Ninety Nine Hundred Thirty One United States Dollars ($23,748,9316,502,299.00) (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.

Appears in 1 contract

Samples: Termination Agreement (Iberiabank Corp)

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