REPRESENTATIONS AND WARRANTIES OF THE ASSUMING INSTITUTION Sample Clauses

REPRESENTATIONS AND WARRANTIES OF THE ASSUMING INSTITUTION. The Assuming Institution represents and warrants to the Corporation and the Receiver as follows:
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REPRESENTATIONS AND WARRANTIES OF THE ASSUMING INSTITUTION. 36 11.1. Corporate Existence and Authority 36 11.2. Third Party Consents 36 11.3. Execution and Enforceability 36 11.4. Compliance with Law 36 11.5. Insured or Guaranteed Loans 37 11.6. Representations Remain True 37 11.7. No Reliance; Independent Advice 37 ARTICLE XII. INDEMNIFICATION 37 12.1. Indemnification of Indemnitees 37 12.2. Conditions Precedent to Indemnification 40 12.3. No Additional Warranty 41 12.4. Indemnification of Receiver and Corporation 41 12.5. Obligations Supplemental 42 12.6. Criminal Claims 42 12.7. Limited Guaranty of the Corporation 42 12.8. Subrogation 43 ARTICLE XIII. MISCELLANEOUS 43 Module 1 — Whole Bank w/ Optional Shared Loss Agreements Sunshine State Community Bank Version 3.0 — Purchase and Assumption Agreement Port Orange, Florida December 8, 2010 i 13.1. Expenses 43 13.2. Waiver of Jury Trial 43 13.3. Consent; Determination or Discretion 43 13.4. Rights Cumulative 43 13.5. References 43 13.6. Notice 44 13.7. Entire Agreement 45 13.8. Counterparts 45 13.9. Governing Law 45 13.10. Successors 45 13.11. Modification 45 13.12. Manner of Payment 45 13.13. Waiver 45 13.14. Severability 46 13.15. Term of Agreement 46 13.16. Survival of Covenants, Etc. 46 SCHEDULES Page Excluded Deposit Liability Accounts Schedule 2.1(a) 46 Purchase Price of Assets or any other assets Schedule 3.2 47 Excluded Securities Schedule 3.5(l) 49 Data Retention Catalog Schedule 6.3 50 Accounts Excluded from Calculation of Deposit Franchise Bid Premium Schedule 7 52 EXHIBITS Page Final Legal Notice Exhibit 2.3A 54 Affidavit of Mailing Exhibit 2.3B 56 Valuation of Certain Qualified Financial Contracts Exhibit 3.2(c) 57 Interim Asset Servicing Arrangement Exhibit 4.13 59 Module 1 — Whole Bank w/ Optional Shared Loss Agreements Sunshine State Community Bank Version 3.0 — Purchase and Assumption Agreement Port Orange, Florida December 8, 2010 PURCHASE AND ASSUMPTION AGREEMENT WHOLE BANK ALL DEPOSITS THIS AGREEMENT, made and entered into as of the 11th day of February, 2011, by and among the FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER of SUNSHINE STATE COMMUNITY BANK, PORT ORANGE, FLORIDA (the “Receiver”), PREMIER AMERICAN BANK, NATIONAL ASSOCIATION, organized under the laws of the United States of America, and having its principal place of business in Miami, Florida (the “Assuming Institution”), and the FEDERAL DEPOSIT INSURANCE CORPORATION, organized under the laws of the United States of America and having its principal office in Washington, D.C., actin...
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REPRESENTATIONS AND WARRANTIES OF THE ASSUMING INSTITUTION. 34 11.1 Corporate Existence and Authority 34 11.2 Third Party Consent 34 11.3 Execution and Enforceability 34 11.4 Compliance with Law 34 11.5 Insured or Guaranteed Loans 35 11.6 Representations Remain True 35 11.7 No Reliance; Independent Advice 35 ARTICLE XII. INDEMNIFICATION 35 12.1 Indemnification of Indemnitees 35 12.2 Conditions Precedent to Indemnification 38 12.3 No Additional Warranty 39 12.4 Indemnification of Receiver and Corporation 39 12.5 Obligations Supplemental 40 12.6 Criminal Claims 40 12.7 Limited Guaranty of the Corporation 40 12.8 Subrogation 40 ARTICLE XIII. MISCELLANEOUS 40 13.1 Expenses 40 13.2 Waiver of Jury Trial 41 Module 1 — Whole Bank w/ Optional Shared Loss Agreements First Peoples Bank Version 3.1.1 — Purchase and Assumption Agreement Port St. Lucie, Florida April 27, 2011
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REPRESENTATIONS AND WARRANTIES OF THE ASSUMING INSTITUTION. 36 11.1 Corporate Existence and Authority 36 11.2 Third Party Consent 36 11.3 Execution and Enforceability 36 11.4 Compliance with Law 36 I1.5 Insured or Guaranteed Loans 37 11.6 Representations Remain True 37 11.7 No Reliance; Independent Advice 37 ARTICLE XII INDEMNIFICATION 37 12.1 Indemnification oflndemnitees 37 12.2 Conditions Precedent to Indemnification 40 12.3 No Additional Warranty 41 12.4 Indemnification of Receiver and Corporation 41 12.5 Obligations Supplemental 42 12.6 Criminal Claims 42 12.7 Limited Guaranty of the Corporation 42 12.8 Subrogation 42 ARTICLE XIII. MISCELLANEOUS 42 13.1 Expenses 42 13.2 Waiver of J ury Trial 43 13.3 Consent; Determination or Discretion 43 Texas Connnuni1yBank, Naiionnl Associ:llion The Woodlands.TX 13.4 Rights Cumulative .................................................. 43 13.11 Modification 45 13.5 References .............................................................. 43 13.12 Manner of Payment 45 13.6 Notice...................................................................... 43 13.1 3 Waiver 45 13.7 Entire Agreement.................................................... 44 13.14 Severability 45 13.8 Counterparts...... ...................................................... 44 13.15 Term of Agreement 45 13.9 Governing Law ....................................................... 44 13.16 Survival of Covenants, Etc 46 13.10 Successors 45 SCHEDULES Excluded Deposit Liability Accounts ................................................................................................ Schedule 2.l(a) 48 Purchase Price of Assets or any other assets.......................................................................................... Schedule 3.2 49 Excluded Securities............................................................................................................................ Schedule 3.5(1) 51 Excluded Other Real Estate and Subsidiaries ................................................................................. Schedule 3 .5(m) 52 Bank Premises in Underserved Areas ............................................................................................... Schedule 4. l(b) 53 Data Retention Catalog.......................................................................................................................... Schedule 6.3 54 Accounts Excluded from Calculation of Deposit Franchise Bid Premium............................................... Schedule 7 56 EXHIBITS Final Legal Notice......
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REPRESENTATIONS AND WARRANTIES OF THE ASSUMING INSTITUTION. 35 11.1. Corporate Existence and Authority 35 11.2. Third Party Consents 35 11.3. Execution and Enforceability 35 11.4. Compliance with Law 35 11.5. Insured or Guaranteed Loans 35 11.6. Representations Remain True 36 11.7. No Reliance; Independent Advice 36 ARTICLE XII. INDEMNIFICATION 36 12.1. Indemnification of Indemnitees 36 12.2. Conditions Precedent to Indemnification 39 12.3. No Additional Warranty 40 12.4. Indemnification of Receiver and Corporation 40 12.5. Obligations Supplemental 41 12.6. Criminal Claims 41 12.7. Limited Guaranty of the Corporation 41 12.8. Subrogation 41 ARTICLE XIII. MISCELLANEOUS 41 13.1. Costs, Fees, and Expenses 41 13.2. Waiver of Jury Trial 42 First National Bank of Central Florida Winter Park, FL
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REPRESENTATIONS AND WARRANTIES OF THE ASSUMING INSTITUTION. 36 11.1. Corporate Existence and Authority 36 11.2. Third Party Consents 36 11.3. Execution and Enforceability 36 11.4. Compliance with Law 36 11.5. Insured or Guaranteed Loans 37 11.6. Representations Remain True 37 11.7. No Reliance; Independent Advice 37 ARTICLE XII. INDEMNIFICATION 37 12.1. Indemnification of Indemnitees 37 12.2. Conditions Precedent to Indemnification 40 12.3. No Additional Warranty 41 12.4. Indemnification of Receiver and Corporation 41 12.5. Obligations Supplemental 42 12.6. Criminal Claims 42 12.7. Limited Guaranty of the Corporation 42 12.8. Subrogation 43 Module 1 - Whole Bank w/ Optional Shared Loss Agreements Version 3.1.1 - Purchase and Assumption Agreement April 27, 2011 Bank of Choice Greeley, Colorado
Sample 1
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REPRESENTATIONS AND WARRANTIES OF THE ASSUMING INSTITUTION. 37 11.1 Corporate Existence and Authority 37 11.2 Third Party Consent 37 11.3 Execution and Enforceability 37 11.4 Compliance with Law 37 11.5 Insured or Guaranteed Loans 37 11.6 Representations Remain True 38 11.7 No Reliance; Independent Advice 38 ARTICLE XII. INDEMNIFICATION 38 12.1 Indemnification of Indemnitees 38 12.2 Conditions Precedent to Indemnification 41 12.3 No Additional Warranty 42 12.4 Indemnification of Receiver and Corporation 42 12.5 Obligations Supplemental 42 12.6 Criminal Claims 42 12.7 Limited Guaranty of the Corporation 43 12.8 Subrogation 43 ARTICLE XIII. MISCELLANEOUS 43 13.1 Expenses 43 13.2 Waiver of Jury Trial 43 13.3 Consent; Determination or Discretion 43 13.4 Rights Cumulative 43 13.5 References 44 13.6 Notice 44 13.7 Entire Agreement 45 13.8 Counterparts 45 13.9 Governing Law 45 13.10 Successors and Assigns 45 13.11 Modification 45 13.12 Manner of Payment 45 13.13 Waiver 46 13.14 Severability 46 13.15 Term of Agreement 46 13.16 Survival of Covenants, Etc 46
Sample 1
REPRESENTATIONS AND WARRANTIES OF THE ASSUMING INSTITUTION. The Assuming Institution represents and warrants to the Corporation and the Receiver as follows: Module 2 - Standard P&A First National Bank Version 2.02 Savannah, GA June 25, 2010
Sample 1
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