Common use of Purchase Price and Payment Date Clause in Contracts

Purchase Price and Payment Date. Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of such difference. The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.

Appears in 268 contracts

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

AutoNDA by SimpleDocs

Purchase Price and Payment Date. Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution Bank the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution Bank shall pay to the Receiver the amount of such difference. The Assuming Institution Bank or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.

Appears in 201 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (FCB Financial Holdings, Inc.)

Purchase Price and Payment Date. Each Asset Loan purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset Loan less the Related Liability Amount applicable to such AssetLoan, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution Bank the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution Bank shall pay to the Receiver the amount of such difference. The Assuming Institution Bank or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d3.4(e) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.

Appears in 64 contracts

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

Purchase Price and Payment Date. Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of such difference. The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d3.4(e) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.

Appears in 50 contracts

Samples: Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (Talmer Bancorp, Inc.)

Purchase Price and Payment Date. Each Asset Loan purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset Loan less the Related Liability Amount applicable to such AssetLoan, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of such difference. The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d3.4(e) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.

Appears in 30 contracts

Samples: Purchase and Assumption Agreement (Southern Missouri Bancorp Inc), Purchase and Assumption Agreement, Purchase and Assumption Agreement Whole Bank

Purchase Price and Payment Date. Each Acquired Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Acquired Asset less minus the Related Liability Amount applicable to such Acquired Asset, in each case determined as of the applicable Put Date. If the difference between such the Repurchase Price and such the Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of such the difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of such the difference. The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price amount determined pursuant to this Section 3.4(d) 3.4 not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon on which payment is made.

Appears in 17 contracts

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

Purchase Price and Payment Date. Each The Receiver will purchase each Acquired Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a purchase price equal to the Repurchase Price of such the Acquired Asset less minus the Related Liability Amount applicable to such the Acquired Asset, in each case determined as of the applicable Put Date. If the difference between such the Repurchase Price and such the Related Liability Amount is positive, then the Receiver shall will pay to the Assuming Institution the amount of such the difference; if the difference between such those amounts is negative, then the Assuming Institution shall will pay to the Receiver the amount of such the difference. The Assuming Institution or the Receiver, as the case may be, shall will pay the purchase price amount determined pursuant to this Section 3.4(d) not 3.4 no later than the twentieth (20th) Business Day following the applicable Put Date, together with plus interest on such that amount at the Settlement Interest Rate for the period from and including such that Put Date to and including the day preceding the date upon on which payment is made.

Appears in 5 contracts

Samples: Purchase and Assumption Agreement (Fulton Financial Corp), Purchase and Assumption Agreement, Purchase and Assumption Agreement (First Citizens Bancshares Inc /De/)

Purchase Price and Payment Date. Each Asset Loan purchased by the Receiver pursuant to this Section 3.4 3.6 shall be purchased at a price equal to the Repurchase Price of such Asset Loan less the Related Liability Amount applicable to such AssetLoan, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution Bank the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution Bank shall pay to the Receiver the amount of such difference. The Assuming Institution Bank or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d3.6(e) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

Purchase Price and Payment Date. Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of such difference. The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.. Module 1 — Whole Bank w/ Loss Share — P&A Peninsula Bank Version 2.06 Englewood, Florida May 24, 2010

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (Bond Street Holdings Inc)

Purchase Price and Payment Date. Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of such difference. The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d3.4(e) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.Settlement

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (First Merchants Corp), Purchase and Assumption Agreement (First Merchants Corp)

Purchase Price and Payment Date. Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of such difference. The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.and

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Talmer Bancorp, Inc.), Purchase and Assumption Agreement (Home Federal Bancorp, Inc.)

Purchase Price and Payment Date. Each Acquired Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Acquired Asset less minus the Related Liability Liability. Amount applicable to such Acquired Asset, in each case determined as of the applicable Put Date. If the difference between such the Repurchase Price and such the Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of such the difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of such the difference. The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price amount determined pursuant to this Section 3.4(d) 3.4 not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon on which payment is made.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Great Southern Bancorp Inc)

Purchase Price and Payment Date. Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution Bank the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution Bank shall pay to the Receiver the amount of such difference. The Assuming Institution Bank or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.. Orion Bank

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Iberiabank Corp)

Purchase Price and Payment Date. Each The Receiver will purchase each Acquired Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a purchase price equal to the Repurchase Price of such the Acquired Asset less minus the Related Liability Amount applicable to such Asset, in each case the Acquired Asset determined as of the applicable Put Date. If the difference between such the Repurchase Price and such the Related Liability Amount is positive, then the Receiver shall will pay to the Assuming Institution the amount of such the difference; if the difference between such those amounts is negative, then the Assuming Institution shall will pay to the Receiver the amount of such the difference. The Assuming Institution or the Receiver, as the case may be, shall will pay the purchase price amount determined pursuant to this Section 3.4(d) not 3.4 no later than the twentieth (20th) Business Day following the applicable Put Date, together with plus interest on such that amount at the Settlement Interest Rate for the period from and including such that Put Date to and including the day preceding the date upon on which payment is made.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

AutoNDA by SimpleDocs

Purchase Price and Payment Date. Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is CENTURY BANK, A FEDERAL SAVINGS BANK SARASOTA, FLORIDA positive, then the Receiver shall pay to the Assuming Institution Bank the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution Bank shall pay to the Receiver the amount of such difference. The Assuming Institution Bank or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Iberiabank Corp)

Purchase Price and Payment Date. Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of such difference. The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.,

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Customers Bancorp, Inc.)

Purchase Price and Payment Date. Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case Module 1 – Whole Bank w/ Optional Shared Loss Agreements 15 Plantation Federal Bank Version 4.1 – PURCHASE AND ASSUMPTION AGREEMENT Pawleys Island, SC February 21, 2012 determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of such difference. The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d3.4(e) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Financial Holdings Inc /De/)

Purchase Price and Payment Date. Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution Bank the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution Bank shall pay to the Receiver the amount of such difference. The Assuming Institution Bank or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.. Whole Bank w/ Loss Share – P&A Colonial Bank August 14, 2009 Montgomery, Alabama

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Bb&t Corp)

Purchase Price and Payment Date. Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of such difference. The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d3.4(e) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.. Whole Bank w/ Optional Shared Loss Agreements Version 4.2.2 – PURCHASE AND ASSUMPTION AGREEMENT June 1, 2012 15 Security Exchange Bank Marietta, Georgia

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Fidelity Southern Corp)

Purchase Price and Payment Date. Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of such difference; if the difference between such amounts is negative, then the Assuming 14 Crescent Bank and Trust Company Institution shall pay to the Receiver the amount of such difference. The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Renasant Corp)

Purchase Price and Payment Date. Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of such difference. The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d3.4(e) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.. Fixed Price Whole Bank w/ Optional Shared Loss Agreements First Southern National Bank Version 3.2 – PURCHASE AND ASSUMPTION AGREEMENT Statesboro, Georgia July 15, 2011

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Heritage Financial Group Inc)

Purchase Price and Payment Date. Each The Receiver will purchase each Acquired Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a purchase price equal to the Repurchase Price of such the Acquired Asset less minus the Related Liability Amount applicable to such the Acquired Asset, in each case determined as of the applicable Put Date. If the difference between such the Repurchase Price and such the Related Liability Amount is positive, then the Receiver shall will pay to the Assuming Institution the amount of such the difference; if the difference between such those amounts is negative, then the Assuming Institution shall will pay to the Receiver the amount of such the difference. The Assuming Institution or the Receiver, as the case may be, shall will pay the purchase price amount determined pursuant to this Section 3.4(d) not 3.4 no later than the twentieth (20th) Business Day following the applicable Put Date, together with plus interest on such that amount at the Settlement Interest Rate for the period from and including such that Put Date to and including the day preceding the date upon on which payment is made.. (f)

Appears in 1 contract

Samples: Purchase and Assumption Agreement (New York Community Bancorp Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.