Treatment of Recoveries. Notwithstanding Sections 2.10(a) and (b), a Shared-Loss Loan which has been the subject of Charge-Offs prior to the occurrence of any action described in Section 2.10(a) shall be treated as a Shared-Loss Asset for the purpose of calculating Recoveries on such Charge-Offs, provided that the amount of Recoveries shall be limited to the amount of such Charge-Offs.
Appears in 35 contracts
Samples: Purchase and Assumption Agreement (HCBF Holding Company, Inc.), Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (FCB Financial Holdings, Inc.)
Treatment of Recoveries. Notwithstanding Sections 2.10(a2.9(a) and (b2.9(b), a Shared-Loss Loan which that has been the subject of any Charge-Offs prior to the occurrence of any action described in Section 2.10(a2.9(a) shall be treated as a Shared-Loss Asset for the purpose of calculating Recoveries on such Charge-Offs, provided that the amount of Recoveries shall be limited to the amount of such Charge-OffsOffs that do not constitute Withheld Amounts or for which the Receiver has not required repayment.
Appears in 2 contracts
Samples: Shared Loss Agreement (First Citizens Bancshares Inc /De/), Shared Loss Agreement
