Payment in the Event Losses Fail to Reach Expected Level. On the date that is 45 days following the last day (such day, the “True-Up Measurement Date”) of the calendar month in which the tenth anniversary of the calendar day following the Bank Closing occurs, the Assuming Bank shall pay to the Receiver fifty percent (50%) of the excess, if any, of
Appears in 77 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement
Payment in the Event Losses Fail to Reach Expected Level. On the date that is 45 days following the last day (such day, the “True-Up Measurement Date”) of the calendar month in which the tenth anniversary of the calendar day following the Bank Closing occurs, the Assuming Bank shall pay to the Receiver fifty percent (50%) of the excess, if any, ofof (i) twenty percent (20%) of the Stated Threshold less (ii) the sum of (A) twenty-five percent
Appears in 4 contracts
Samples: Purchase and Assumption Agreement (State Bank Financial Corp), Purchase and Assumption Agreement (STATE BANK FINANCIAL Corp), Purchase and Assumption Agreement (Southern National Bancorp of Virginia Inc)
Payment in the Event Losses Fail to Reach Expected Level. On the date that is 45 days following the last day (such day, the “"True-Up Measurement Date”") of the calendar month in which the tenth anniversary of the calendar day following the Bank Closing occurs, the Assuming Bank shall pay to the Receiver fifty sixty percent (5060%) of the excess, if any, of
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Bbva Compass Bancshares, Inc)
Payment in the Event Losses Fail to Reach Expected Level. On the date that is 45 days following the last day (such day, the “True-Up Measurement Date”) of the calendar month in which the tenth anniversary of the calendar day following the Bank Closing occurs, the Assuming Bank Institution shall pay to the Receiver fifty percent (50%) of the excess, if any, ofof (i) twenty percent (20%) of the Stated Threshold less (ii) the sum of (A) twenty-five
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First Citizens Bancshares Inc /De/)
