Common use of Puts Within and at 30 Days After Bank Closing Clause in Contracts

Puts Within and at 30 Days After Bank Closing. During the thirty (30)-day period following Bank Closing and only during such period, in accordance with this Section 3.4, the Assuming Bank shall be entitled to require the Receiver to purchase any New Loan that was transferred to the Assuming Bank pursuant to Section 3.1, and at the end of the thirty (30)-day period following Bank Closing and at that time only, in accordance with this Section 3.4, the Assuming Bank shall be entitled to require the Receiver to purchase any remaining overdraft transferred to the Assuming Bank pursuant to 3.1 which both was made after October 1, 2009 and was not made pursuant to an overdraft protection plan or similar extension of credit. Notwithstanding the foregoing, the Assuming Bank shall not have the right to require the Receiver to purchase any Loan if (i) the Obligor with respect to such Loan is an Acquired Subsidiary, or (ii) the Assuming Bank has:

Appears in 3 contracts

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

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Puts Within and at 30 Days After Bank Closing. During the thirty (30)-day period following Bank Closing and only during such period, in accordance with this Section 3.4, the Assuming Bank shall be entitled to require the Receiver to purchase any New Loan that was transferred to the Assuming Bank pursuant to Section 3.1, and at the end of the thirty (30)-day period following Bank Closing and at that time only, in accordance with this Section 3.4, the Assuming Bank shall be entitled to require the Receiver to purchase any remaining overdraft transferred to the Assuming Bank pursuant to 3.1 which both was made after October 1August 28, 2009 and was not made pursuant to an overdraft protection plan or similar extension of credit. Notwithstanding the foregoing, the Assuming Bank shall not have the right to require the Receiver to purchase any Loan if (i) the Obligor with respect to such Loan is an Acquired Subsidiary, or (ii) the Assuming Bank has:

Appears in 2 contracts

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

Puts Within and at 30 Days After Bank Closing. During the thirty (30)-day period following Bank Closing and only during such period, in accordance with this Section 3.4, the Assuming Bank shall be entitled to require the Receiver to purchase any New Loan that was transferred to the Assuming Bank pursuant to Section 3.1, and at the end of the thirty (30)-day period following Bank Closing and at that time only, in accordance with this Section 3.4, the Assuming Bank shall be entitled to require the Receiver to purchase any remaining overdraft transferred to the Assuming Bank pursuant to 3.1 which both was made after October 1August 31, 2009 2009, and was not made pursuant to an overdraft protection plan or similar extension of credit. Notwithstanding the foregoing, the Assuming Bank shall not have the right to require the Receiver to purchase any Loan if (i) the Obligor with respect to such Loan is an Acquired Subsidiary, or (ii) the Assuming Bank has:

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

Puts Within and at 30 Days After Bank Closing. During the thirty (30)-day period following Bank Closing and only during such period, in accordance with this Section 3.4, the Assuming Bank shall be entitled to require the Receiver to purchase any New Loan that was transferred to the Assuming Bank pursuant to Section 3.1, and at the end of the thirty (30)-day period following Bank Closing and at that time only, in accordance with this Section 3.4, the Assuming Bank shall be entitled to require the Receiver to purchase any remaining overdraft transferred to the Assuming Bank pursuant to 3.1 which both was made after October 1, 19 June 2009 and was not made pursuant to an overdraft protection plan or similar extension of credit. Notwithstanding the foregoing, the Assuming Bank shall not have the right to require the Receiver to purchase any Loan if (i) the Obligor with respect to such Loan is an Acquired Subsidiary, or (ii) the Assuming Bank has:

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

Puts Within and at 30 Days After Bank Closing. During the thirty (30)-day period following Bank Closing and only during such period, in accordance with this Section 3.4, the Assuming Bank shall be entitled to require the Receiver to purchase any New Loan that was transferred to the Assuming Bank pursuant to Section 3.1, and at the end of the thirty (30)-day period following Bank Closing and at that time only, in accordance with this Section 3.4, the Assuming Bank shall be entitled to require the Receiver to purchase any remaining overdraft transferred to the Assuming Bank pursuant to 3.1 which both was made after October 1September 16, 2009 and was not made pursuant to an overdraft protection plan or similar extension of credit. Notwithstanding the foregoing, the Assuming Bank shall not have the right to require the Receiver to purchase any Loan if (i) the Obligor with respect to such Loan is an Acquired Subsidiary, or (ii) the Assuming Bank has:

Appears in 2 contracts

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

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Puts Within and at 30 Days After Bank Closing. During the thirty (30)-day period following Bank Closing and only during such period, in accordance with this Section 3.4, the Assuming Bank shall be entitled to require the Receiver to purchase any New Loan that was transferred to the Assuming Bank pursuant to Section 3.1, and at the end of the thirty (30)-day period following Bank Closing and at that time only, in accordance with this Section 3.4, the Assuming Bank shall be entitled to require the Receiver to purchase any remaining overdraft transferred to the Assuming Bank pursuant to 3.1 which both was made after October 1September 24, 2009 and was not made pursuant to an overdraft protection plan or similar extension of credit. Notwithstanding the foregoing, the Assuming Bank shall not have the right to require the Receiver to purchase any Loan if (i) the Obligor with respect to such Loan is an Acquired Subsidiary, or (ii) the Assuming Bank has:

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

Puts Within and at 30 Days After Bank Closing. During the thirty (30)-day period following Bank Closing and only during such period, in accordance with this Section 3.4, the Assuming Bank shall be entitled to require the Receiver to purchase any New Loan that was transferred to the Assuming Bank pursuant to Section 3.1, and at the end of the thirty (30)-day period following Bank Closing and at that time only, in accordance with this Section 3.4, the Assuming Bank shall be entitled to require the Receiver to purchase any remaining overdraft transferred to the Assuming Bank pursuant to 3.1 which both was made after October 1September 25, 2009 and was not made pursuant to an overdraft protection plan or similar extension of credit. Notwithstanding the foregoing, the Assuming Bank shall not have the right to require the Receiver to purchase any Loan if (i) the Obligor with respect to such Loan is an Acquired Subsidiary, or (ii) the Assuming Bank has:

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

Puts Within and at 30 Days After Bank Closing. During the thirty (30)-day period following Bank Closing and only during such period, in accordance with this Section 3.4, the Assuming Bank shall be entitled to require the Receiver to purchase any New Loan that was transferred to the Assuming Bank pursuant to Section 3.1, and at the end of the thirty (30)-day period following Bank Closing and at that time only, in accordance with this Section 3.4, the Assuming Bank shall be entitled to require the Receiver to purchase any remaining overdraft transferred to the Assuming Bank pursuant to 3.1 which both was made after October 1June 26, 2009 and was not made pursuant to an overdraft protection plan or similar extension of credit. Notwithstanding the foregoing, the Assuming Bank shall not have the right to require the Receiver to purchase any Loan if (i) the Obligor with respect to such Loan is an Acquired Subsidiary, or (ii) the Assuming Bank has:

Appears in 1 contract

Samples: Purchase and Assumption Agreement

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