Common use of Continuation of Banking Business Clause in Contracts

Continuation of Banking Business. For the period commencing the first banking Business Day after Bank Closing and ending no earlier than the first anniversary of Bank Closing, the Assuming Bank will provide full service banking in the trade area of the Failed Bank. The Assuming Bank may cease providing such banking services itself, in the trade area of the Failed Bank, provided the Assuming Bank has received all necessary regulatory approvals, and another financial institution commences providing such banking services. At the option of the Assuming Bank, such banking services may be provided at any or all of the Bank Premises, or at other premises within such trade area. The trade area shall be determined by the Receiver. For the avoidance of doubt, the foregoing shall not restrict the Assuming Bank from opening, closing, or selling branches upon receipt of the necessary regulatory approvals, if the Assuming Bank or its successors continue to provide banking services in the trade area. Assuming Bank will pay to the Receiver, upon the sale of a branch or branches within the year following the date of this agreement, fifty percent (50%) of any franchise premium in excess of the franchise premium paid by the Assuming Bank with respect to such branch or branches.

Continuation of Banking Business. For the period commencing the first banking Business Day after Bank Closing and ending no earlier than the first anniversary of Bank Closing, the Assuming Bank will provide ensure that full service banking is provided in the trade area of the Failed Bank. The Assuming Bank may cease providing such banking services itself, in the trade area of the Failed Bank, provided the Assuming Bank has received all necessary regulatory approvals, and another financial institution commences providing such banking services. At the option of the Assuming Bank, such banking services may be provided at any or all of the Bank Premises, or at other premises within such trade area. The trade area shall be determined by the Receiver. For the avoidance of doubt, the foregoing shall not restrict the Assuming Bank from opening, closing, closing or selling branches upon receipt of the necessary regulatory approvals, if the Assuming Bank or its successors continue to provide banking services in the trade area. Assuming Bank will pay to the Receiver, upon the sale of a branch or branches within the year following the date of this agreement, fifty percent (50%) of any franchise premium in excess of the franchise premium paid by the Assuming Bank with respect to such branch or branches.

Continuation of Banking Business. For the period commencing the first banking Business Day after Bank Closing and ending no earlier than the first anniversary of Bank Closing, the Assuming Bank will provide full service banking in the trade area of the Failed Bank, including the HK Branch. The Thereafter, the Assuming Bank may cease providing such banking services itself, in the trade area of the Failed Bank, provided the Assuming Bank has received all necessary regulatory approvals, and another financial institution commences providing such banking services. At the option of the Assuming Bank, such banking services may be provided at any or all of the Bank Premises, or at other premises within such trade area. The trade area shall be determined by the Receiver, and in the case of the HK Branch, the Receiver and the Hong Kong Monetary Authority. For the avoidance of doubt, the foregoing shall not restrict the Assuming Bank from opening, closing, closing or selling branches upon receipt of the necessary regulatory approvals, if the Assuming Bank or its successors continue to provide banking services to in the trade area. Assuming Bank will pay to the Receiver, upon the sale of a branch or branches within the year following the date of this agreement, fifty percent (50%) of any franchise premium in excess of the franchise premium paid by the Assuming Bank with respect to such branch or branches.