Liabilities Assumed definition
Liabilities Assumed has the meaning provided in Section 2.1.
Liabilities Assumed has the meaning provided in Section 2.1. Module 1 – Whole Bank w/ Loss Share – P&A 5 First National Bank of the South Version 2.07 Spartanburg, South Carolina June 10, 2010
Liabilities Assumed shall have the meaning provided in Section 2.1 of this Agreement.
Examples of Liabilities Assumed in a sentence
Schedule 2.1 attached hereto and incorporated herein sets forth certain categories of Liabilities Assumed and the aggregate Book Value of the Liabilities Assumed in such categories.
More Definitions of Liabilities Assumed
Liabilities Assumed has the meaning provided in Section 2.1. Whole Bank w/ Optional Shared Loss Agreements 6 Heritage Bank of Florida Version 4.4 – PURCHASE AND ASSUMPTION AGREEMENT Lutz, Florida September 19, 2012
Liabilities Assumed has the meaning provided in Section 2.1. “Lien” means any mortgage, lien, pledge, charge, assignment for security purposes, security interest, or encumbrance of any kind with respect to an Asset, including any conditional sale agreement or capital lease or other title retention agreement relating to such Asset.
Liabilities Assumed has the meaning provided in Section 2.1. “Lien” means any mortgage, lien, pledge, charge, assignment for security purposes, security interest or encumbrance of any kind with respect to an Acquired Asset, including any conditional sale agreement or capital lease or other title retention agreement relating to such Acquired Asset. “Loan” or “Loans” means, individually or collectively, all of the following owed to or held by the Failed Bank as of the Bank Closing Date: (a) loans (including loans which have been charged off the Failed Bank Records in whole or in part prior to and including the Bid Valuation Date), participation agreements, interests in participations, overdrafts of customers (including but not limited to overdrafts made pursuant to an overdraft protection plan or similar extensions of credit in connection with a deposit account), revolving commercial lines of credit, home equity lines of credit, Commitments, United States and/or State-guaranteed student loans and lease financing contracts; (b) all Liens, rights (including rights of set-off), remedies, powers, privileges, demands, claims, priorities, equities and benefits owned or held by, or accruing or to accrue to or for the benefit of, the holder of the obligations or instruments referred to in clause (a) above, including but not limited to those arising under or based upon Credit Documents, casualty insurance policies and binders, standby letters of credit, mortgagee title insurance policies and binders, payment bonds and performance bonds at any time and from time to time existing with respect to any of the obligations or instruments referred to in clause (a) above; and (c) all amendments, modifications, renewals, extensions, refinancings and refundings of or for any of the foregoing. “New Loan” means a Loan made by the Failed Bank after the Bid Valuation Date that is not a continuation, amendment, modification, renewal, extension, refinancing, restructuring or refunding of or for any then-existing Loan. “Obligor” means each Person liable for the full or partial payment or performance of any Loan, whether such Person is obligated directly, indirectly, primarily, secondarily, jointly or severally. “Other Real Estate” means all interests in real estate (other than Bank Premises and Fixtures), including but not limited to mineral estates, leasehold rights, condominium and cooperative interests, easements, air rights, water rights, and development rights that are owned by the Failed Bank as of...
Liabilities Assumed means the audited balances as of November 30, 1996 of trade accounts payable, accrued payroll, accrued payroll taxes, accrued benefits, and other current liabilities (excluding notes payable, current portion of capital leases and long-term debt, income and franchise taxes and accrued shareholder expenses). The adjustment shall be settled in cash (which shall be set-off from moneys due New P.C. pursuant to the Business Management Agreement or Vision 21 Common Stock at Vision 21's option. The parties also agree that to the extent the adjustments materially impact the goodwill created by the transaction, there shall be an adjustment for the related impact of net income created by the change in amortization of such goodwill and the Merger Consideration shall be increased or reduced to reflect the impact on net income settled in cash or Vision 21 Common Stock at Vision 21's option.
(b) Within sixty (60) days following the Closing Date, Vision 21 shall present to the Physician its Merger Consideration Adjustment (the "Proposed Merger Consideration Adjustment") calculated in accordance with Section 2.11(a) hereof. The Physician shall, within thirty (30) days after the delivery by Vision 21 of the Proposed Merger Consideration Adjustment, complete his review thereof. In the event that the Physician believes that the Proposed Purchase Price Adjustment has not been prepared on the basis set forth in Section 2.11(a) or otherwise contests any item set forth therein, the Physician shall, on or before the last day of such 30 day period, so object to Vision 21 in writing, setting forth a specific description of the nature of the objection and the corresponding adjustments the Physician believes should be made. If no objection is received by Vision 21 on or before the last day of such 30 day period, then the Proposed Merger Consideration Adjustment delivered by Vision 21 shall be final. If an objection has been made and Vision 21 and the Physician are unable to resolve all of their disagreements with respect to the proposed adjustments within 15 days following the delivery of the Physician's objection, the dispute shall be submitted to arbitration as provided in Section 18.1 except that the arbitrator shall be instructed to deliver his determination of the dispute to the parties no later than 30 days after the arbitration hearing. Vision 21 shall provide to the Physician and his accountants full access to all relevant books, records and work papers utilized in preparing t...
Liabilities Assumed has the meaning provided in Section 2.1. Module 1 — Whole Bank w/ Loss Share — P&A WATERFORD VILLAGE BANK Version 1.07 WILLIAMSVILLE, NEW YORK July 14, 2009
Liabilities Assumed has the meaning provided in Section 2.1. Module 1 - Whole Bank w/ Loss Share - P&A Guaranty Bank Version 1.05 5 Austin, Texas June 16, 2009
Liabilities Assumed has the meaning provided in Section 2.1. Module 1 – Modified Whole Bank w/ Loss Share – P&A ▇▇▇▇▇ Union, FSB Version 1.08 Columbus, IN July 24, 2009