Common use of Loss Mitigation Clause in Contracts

Loss Mitigation. Within 90 days of bank closing, the Assuming Institution shall submit to the FDIC for approval a written loss mitigation plan. The loss mitigation plan Module 1 – Whole Bank w/ Optional Shared Loss Agreements Version 3.1.1 – COMMERCIAL SHARED-LOSS AGREEMENT April 27, 2011 C-1 Xxx Xxxxxxx Xxxx Xxxxxxx, Xxxxxxx xxall be updated annually and submitted to FDIC. On a quarterly basis the Assuming Institution shall deliver to the FDIC the internal management reports utilized to monitor the status of loan restructurings in process for assets on Schedule 4.15B as well as assets that have successfully undergone documented loan restructurings.

Loss Mitigation. Within 90 days of bank closing, the Assuming Institution shall submit to the FDIC for approval a written loss mitigation plan. The loss mitigation plan Module 1 – Whole Bank w/ Optional Shared Loss Agreements C-1 First Heritage Bank Version 3.1.1 – COMMERCIAL SHARED-LOSS AGREEMENT Snohomish, Washington April 27, 2011 C-1 Xxx Xxxxxxx Xxxx Xxxxxxx, Xxxxxxx xxall shall be updated annually and submitted to FDIC. On a quarterly basis the Assuming Institution shall deliver to the FDIC the internal management reports utilized to monitor the status of loan restructurings in process for assets on Schedule 4.15B as well as assets that have successfully undergone documented loan restructurings.

Loss Mitigation. Within 90 days of bank closing, the Assuming Institution shall submit to the FDIC for approval a written loss mitigation plan. The loss mitigation plan Module 1 – Whole Bank w/ Optional Shared Loss Agreements C-1 Summit Bank Version 3.1.1 – COMMERCIAL SHARED-LOSS PURCHASE AND ASSUMPTION AGREEMENT Burlington, Washington April 27, 2011 C-1 Xxx Xxxxxxx Xxxx Xxxxxxx, Xxxxxxx xxall shall be updated annually and submitted to FDIC. On a quarterly basis the Assuming Institution shall deliver to the FDIC the internal management reports utilized to monitor the status of loan restructurings in process for assets on Schedule 4.15B as well as assets that have successfully undergone documented loan restructurings.

Loss Mitigation. Within 90 days of bank closing, the Assuming Institution shall submit to the FDIC for approval a written loss mitigation plan. The loss mitigation plan Module 1 – Fixed Price Whole Bank w/ Optional Shared Loss Agreements C-1 Old Harbor Bank Version 3.1.1 3.2 – COMMERCIAL SHARED-LOSS AGREEMENT April 27Clearwater, Florida July 15, 2011 C-1 Xxx Xxxxxxx Xxxx Xxxxxxx, Xxxxxxx xxall shall be updated annually and submitted to FDIC. On a quarterly basis the Assuming Institution shall deliver to the FDIC the internal management reports utilized to monitor the status of loan restructurings in process for assets on Schedule 4.15B as well as assets that have successfully undergone documented loan restructurings.