Common use of Puts of Assets to the Receiver Clause in Contracts

Puts of Assets to the Receiver. (a) Puts Within 30 Days After the Bank Closing Date. During the thirty (30)-day period following the Bank Closing Date and only during such period (which thirty (30)-day period may be extended in writing in the sole and absolute discretion of the Receiver for any Loan), in accordance with this Section 3.4, the Assuming Institution shall be entitled to require the Receiver to purchase any Deposit Secured Loan transferred to the Assuming Institution Module 1 – Whole Bank w/ Optional Shared Loss Agreements Version 3.1.1 – PURCHASE AND ASSUMPTION AGREEMENT April 27, 2011 12 Xxx Xxxxxxx Xxxx Xxxxxxx, Xxxxxxx pursuant to Section 3.1 which is not fully secured by Assumed Deposits or deposits at other insured depository institutions due to either insufficient Assumed Deposit or deposit collateral or deficient documentation regarding such collateral; provided that with regard to any Deposit Secured Loan secured by an Assumed Deposit:

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Ameris Bancorp)

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Puts of Assets to the Receiver. (a) Puts Within 30 Days After the Bank Closing Date. During the thirty (30)-day period following the Bank Closing Date and only during such period (which thirty (30)-day period may be extended in writing in the sole and absolute discretion of the Receiver for any Loan), in accordance with this Section 3.4, the Assuming Institution shall be entitled to require the Receiver to purchase any New Loans and any Deposit Secured Loan transferred to the Assuming Institution Module 1 Whole Bank w/ Optional Shared Loss Agreements First State Bank Version 3.1.1 – PURCHASE AND ASSUMPTION AGREEMENT April 273.2 — Purchase and Assumption Agreement Cranford, NJ July 15, 2011 12 Xxx Xxxxxxx Xxxx Xxxxxxx, Xxxxxxx the Assuming Institution pursuant to Section 3.1 which is not fully secured by Assumed Deposits or deposits at other insured depository institutions due to either insufficient Assumed Deposit or deposit collateral or deficient documentation regarding such collateral; provided that with regard to any Deposit Secured Loan secured by an Assumed Deposit:

Appears in 1 contract

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

Puts of Assets to the Receiver. (a) Puts Within 30 Days After the Bank Closing Date. During the thirty (30)-day period following the Bank Closing Date and only during such period (which thirty (30)-day period may be extended in writing in the sole and absolute discretion of the Receiver for any Loan), in accordance with this Section 3.4, the Assuming Institution shall be entitled to require the Receiver to purchase any Deposit Secured Loan transferred to the Assuming Institution Module 1 – Whole Bank w/ Optional Shared Loss Agreements Version 3.1.1 3.01– PURCHASE AND ASSUMPTION AGREEMENT April 2729, 2011 12 Xxx Xxxxxxx 00 Xxxxx Xxxxxx Xxxxxxxxx Xxxx XxxxxxxXxxxxx, Xxxxxxx XX pursuant to Section 3.1 which is not fully secured by Assumed Deposits or deposits at other insured depository institutions due to either insufficient Assumed Deposit or deposit collateral or deficient documentation regarding such collateral; provided that with regard to any Deposit Secured Loan secured by an Assumed Deposit:

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Bank of the Ozarks Inc)

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Puts of Assets to the Receiver. (a) Puts Within 30 Days After the Bank Closing Date. During the thirty (30)-day period following the Bank Closing Date and only during such period (which thirty (30)-day period may be extended in writing in the sole and absolute discretion of the Receiver for any Loan), in accordance with this Section 3.4, the Assuming Institution shall be entitled to require the Receiver to purchase any Deposit Secured Loan transferred to the Assuming Institution Module 1 – Whole Bank w/ Optional Shared Loss Agreements Version 3.1.1 3.01– PURCHASE AND ASSUMPTION AGREEMENT April 27December 8, 2011 12 2010 00 Xxx Xxxxxxx Xxxx XxxxxxxXxxxxx Xxxx Xxxxxxxx, Xxxxxxx XX pursuant to Section 3.1 which is not fully secured by Assumed Deposits or deposits at other insured depository institutions due to either insufficient Assumed Deposit or deposit collateral or deficient documentation regarding such collateral; provided that with regard to any Deposit Secured Loan secured by an Assumed Deposit:

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Bank of the Ozarks Inc)

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