Common use of Qualified Beneficiaries; Expenses Clause in Contracts

Qualified Beneficiaries; Expenses. The Assuming Institution shall take such further action to assist the Receiver in offering the Eligible Individuals who are Qualified Beneficiaries of the Failed Bank the opportunity to obtain health insurance coverage in the Corporation’s Federal Insurance Administration Continuation Coverage Plan as the Receiver may direct. All expenses incurred and paid by the Assuming Institution (i) in connection with the obligations of the Assuming Institution under this Section 4.12, and (ii) in providing health insurance continuation coverage to any Eligible Individuals who are hired by the Assuming Institution and such employees’ Qualified Beneficiaries shall be borne by the Assuming Institution.

Appears in 68 contracts

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

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Qualified Beneficiaries; Expenses. The Assuming Institution shall take such further action to assist the Receiver in offering the Eligible Individuals who are Qualified Beneficiaries of the Failed Bank the opportunity to obtain health insurance coverage in the Corporation’s 's Federal Insurance Administration Continuation Coverage Plan as the Receiver may direct. All expenses incurred and paid by the Assuming Institution (i) in connection with the obligations of the Assuming Institution under this Section 4.12, and (ii) in providing health insurance continuation coverage to any Eligible Individuals who are hired by the Assuming Institution and such employees' Qualified Beneficiaries shall be borne by the Assuming Institution.

Appears in 4 contracts

Samples: Purchase and Assumption Agreement (Great Southern Bancorp Inc), Purchase and Assumption Agreement (Enterprise Financial Services Corp), Purchase and Assumption Agreement (Pacific Premier Bancorp Inc)

Qualified Beneficiaries; Expenses. The Assuming Institution shall will take such any further action to assist the Receiver in offering the Eligible Individuals who are Qualified Beneficiaries of the Failed Bank the opportunity to obtain health insurance coverage in the Corporation’s Federal Insurance Administration Continuation Coverage Plan as the Receiver may directdirects. All The Assuming Institution will pay all expenses incurred and paid by the Assuming Institution (i) in connection with the obligations of the Assuming Institution under this Section 4.12, 4.12 and (ii) in providing health insurance continuation coverage to any Eligible Individuals who are hired by the Assuming Institution and such those employees’ Qualified Beneficiaries shall be borne by the Assuming InstitutionBeneficiaries.

Appears in 2 contracts

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

Qualified Beneficiaries; Expenses. The Assuming Institution shall take such further action to assist the Receiver in offering the Eligible Individuals who are Qualified Beneficiaries of the Failed Bank the opportunity to obtain health insurance coverage in the Corporation’s Federal Insurance Administration Continuation Coverage Plan as the Receiver may direct. All expenses incurred and paid by the Assuming Institution (i) in connection with the obligations of the Assuming Institution under this Section 4.12, and (ii) in providing health insurance continuation coverage to any Eligible Individuals who are hired by the Assuming Institution and such employees’ Qualified Beneficiaries shall be borne by the Assuming Institution.. (c)

Appears in 1 contract

Samples: Purchase and Assumption Agreement (WashingtonFirst Bankshares, Inc.)

Qualified Beneficiaries; Expenses. The Assuming Institution shall will take such any further action to assist the Receiver in offering the Eligible Individuals who are Qualified Beneficiaries of the Failed Bank the opportunity to obtain health insurance coverage in the Corporation’s 's Federal Insurance Administration Continuation Coverage Plan as the Receiver may directdirects. All The Assuming Institution will pay all expenses incurred and paid by the Assuming Institution (i) in connection with the obligations of the Assuming Institution under this Section 4.12, and (ii) in providing health insurance continuation coverage to any Eligible Individuals who are hired by the Assuming Institution and such those employees' Qualified Beneficiaries shall be borne by the Assuming InstitutionBeneficiaries.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

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Qualified Beneficiaries; Expenses. The Assuming Institution shall will take such any further action to assist the Receiver in offering the Eligible Individuals who are Qualified Beneficiaries of the Failed Bank the opportunity to obtain health insurance coverage in the Corporation’s 's Federal Insurance Administration Continuation Coverage Plan as the Receiver may directdirects. All The Assuming Institution will pay all expenses incurred and paid by the Assuming Institution (i) in connection with the obligations of the Assuming Institution under this Section 4.12, 4. 12 and (ii) in providing health insurance continuation coverage to any Eligible Individuals who are hired by the Assuming Institution and such those employees' Qualified Beneficiaries shall be borne by the Assuming InstitutionBeneficiaries.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

Qualified Beneficiaries; Expenses. The Assuming Institution shall will take such any further action to assist the Receiver in offering the Eligible Individuals who are Qualified Beneficiaries of the Failed Bank the opportunity to obtain health insurance coverage in the Corporation’s 's Federal Insurance Administration Continuation Coverage Plan as the Receiver may directdirects. All The Assuming Institution will pay all expenses incurred and paid by the Assuming Institution (i) in connection with the obligations of the Assuming Institution under this Section 4.12, 4.12 and (ii) in providing health insurance continuation coverage to any Eligible Individuals who are hired by the Assuming Institution and such those employees' Qualified Beneficiaries shall be borne by the Assuming InstitutionBeneficiaries.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

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