Common use of BID; INITIAL PAYMENT Clause in Contracts

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset discount bid of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (NBH Holdings Corp.), Purchase and Assumption Agreement, Purchase and Assumption Agreement

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BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of Zero Percent (0% %) and an Asset discount bid of negative Nine Million One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.009,100,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Midland States Bancorp, Inc.), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset discount premium (discount) bid of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars $($182,734,000.0016,400,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (Bond Street Holdings Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset discount bid of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.00) 7.782% (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. The Asset discount bid will be applied to the purchase price of all Assets acquired. On the Payment Date, the Assuming Institution Bank will pay to the Corporation, or the Corporation will pay to the Assuming InstitutionBank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver an asset discount bid of negative Seventeen Million Five Hundred Thousand ($17,500,000.00) and a positive Deposit premium bid of 0% and an Asset discount bid One Quarter of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.00) (the “Bid Amount”)a Percent 0.25%. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing DateClosing) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Southern Missouri Bancorp Inc), Purchase and Assumption Agreement Whole Bank

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of Zero Percent (0% %) and an Asset discount bid of One negative Fourteen Million Two Hundred Eighty Two Million Seven Hundred Thirty Four Fifty Thousand Dollars Dollar ($182,734,000.0014,250,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset discount bid of One Hundred Eighty Two Twenty Nine Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.0029,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (First Merchants Corp), Purchase and Assumption Agreement (First Merchants Corp)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of zero percent [0% %] and an Asset discount (discount) bid of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.0034,829,019) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Heritage Financial Group Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% Zero percent (0.0%) and an Asset discount bid of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars fifty-eight million dollars ($182,734,000.0058,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First California Financial Group, Inc.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset discount bid of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars twenty eight million dollars ($182,734,000.0028,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Charter Financial Corp/Ga)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 01.0% and an Acquired Asset discount bid of One Hundred Eighty Two a negative Five Million Seven Hundred Thirty Four Thousand Dollars (( $182,734,000.005,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate. ARTICLE VIII.

Appears in 1 contract

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

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BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 01.732% and an Acquired Asset discount premium (discount) bid of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.003,803,970) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.00% and an Asset discount premium (discount) bid of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.0047,000,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Financial Holdings Inc /De/)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of zero percent [0% %] and an Asset discount (discount) bid of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.0030,000,000) (Thirty Million Dollars) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Columbia Banking System Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Acquired Asset discount bid of One negative Seven Million Two Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.007,200,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset discount bid of One Fifty Nine Million Nine Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.0059,900,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Great Southern Bancorp Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.00% and an Asset discount bid of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.0027,920,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Pacific Premier Bancorp Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of zero per cent (0% %) and an Asset discount (discount) bid of One Hundred Eighty Two Million Seven Hundred Thirty Four Thousand Dollars ($182,734,000.00154,900,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services DepositsDeposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

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

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