Assuming Institution definition

Assuming Institution has the meaning set forth in the introduction to this Agreement.

Assuming Institution has the meaning set forth in the Purchase and Assumption Agreement.

Assuming Institution has the meaning set forth in the introduction to this Agreement. “Bank Closing Date” means the close of business of the Failed Bank on the date on which the Chartering Authority closed such institution.

Examples of Assuming Institution in a sentence

• The Assuming Institution shall give written notice to the Receiver within the option period of its election to purchase or not to purchase any of the owned Bank Premises.

• In the event that the Assuming Institution or the Receiver discovers any errors or omissions as contemplated by Section 8.2 or any error with respect to the payment made under Section 8.3 after the Settlement Date, the Assuming Institution and the Receiver agree to promptly correct any such errors or omissions, make any payments and effect any transfers or assumptions as may be necessary to reflect any such correction plus interest as provided in Section 8.4.

• Upon payment by the Assuming Institution to the Receiver of such amount, the Assuming Institution shall be discharged from any further obligation under this Agreement to pay to any such depositor the amount of such Deposit liability paid to the Receiver.

• No governmental authority or other third party consents (including but not limited to approvals, licenses, registrations or declarations) are required in connection with the execution, delivery or performance by the Assuming Institution of this Agreement, other than such consents as have been duly obtained and are in full force and effect.

• This Agreement has been duly executed and delivered by the Assuming Institution and when this Agreement has been duly authorized, executed and delivered by the Corporation and the Receiver, this Agreement will constitute the legal, valid and binding obligation of the Assuming Institution, enforceable in accordance with its terms.

More Definitions of Assuming Institution

Assuming Institution has the meaning set forth in the Purchase and Assumption Module 1 – Whole Bank w/ Optional Shared Loss Agreements Version 3.01– SINGLE FAMILY SHARED-LOSS AGREEMENT December 8, 2010 XX-00 Xxx Xxxx Xxxxxx Xxxx Xxxxxxxx, XX Agreement.

Assuming Institution has the meaning set forth in the introduction to this Agreement. “Bank Closing Date” has the meaning set forth in the Purchase and Assumption Agreement. “Bank Premises” has the meaning set forth in the Purchase and Assumption Agreement. “Bid Amount” has the meaning set forth in the Purchase and Assumption Agreement.

Assuming Institution has the meaning set forth in the introduction to this Agreement. “Bank Closing Date” means the close of business of the Failed Bank on the date on which the Chartering Authority closed such institution. “Bank Premises” means the banking buildings, drive-in banking facilities, teller facilities (staffed or automated), storage and service facilities, structures connecting remote facilities to banking houses, land on which the foregoing are located and unimproved land, together with any adjacent parking, that are owned or leased by the Failed Bank and that have formerly been utilized, are currently utilized, or as of the Bank Closing Date, are intended to be utilized in the future by the Failed Bank as shown on the Failed Bank Records. “Bank Premises Surrender Date” means, with respect to each specific Bank Premises, the date selected by the Assuming Institution to surrender such Bank Premises to the Receiver, which date shall be no later than the first day after the Receiver is satisfied that all of the conditions for surrender of such Bank Premises set forth in this Agreement have been met; provided that, unless otherwise provided in this Agreement, such date shall not be more than 150 days after the Bank Closing Date. “Bid Amount” has the meaning set forth in Article VII. “Bid Form” means Exhibit “A” to the bid instructions provided to the Assuming Institution. “Bid Valuation Date” means October 31, 2014.

Assuming Institution means Pan American Bank, FSB, an insured -------------------- depository institution within the meaning of the FDIA, organized and existing as a federal savings bank with its principal place of business in San Mateo, California.

Assuming Institution. Witness: /s/ [SIGNATURE ILLEGIBLE] By: /s/ XXXXXXXX X. GRILL ------------------------- ----------------------------- Its: President ---------------------------- [HOLDING COMPANY] Witness: /s/ [SIGNATURE ILLEGIBLE] By: /s/ XXXXXXXX X. GRILL ------------------------- ----------------------------- Its: President ---------------------------- SHAREHOLDER[S] Witness: /s/ [SIGNATURE ILLEGIBLE] By: /s/ XXXXXXXX X. GRILL ------------------------- --------------------------

Assuming Institution has the meaning set forth in the Purchase and Assumption Agreement. 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

Assuming Institution has the meaning set forth in the Purchase and Assumption Agreement. Module 1 – Whole Bank w/ Optional Shared Loss Agreements SF-24 Blue Ridge Savings Bank, Inc. Version 3.2 – Single Family Shared-Loss Agreement Asheville, North Carolina July 15, 2011