Common use of Shared-Loss Asset Records and Reports Clause in Contracts

Shared-Loss Asset Records and Reports. The Assuming Bank shall establish and maintain records on a separate general ledger, and on such subsidiary ledgers as may be appropriate to account for the Shared-Loss Assets, in such form and detail as the Receiver or the Corporation may require, to enable the Assuming Bank to prepare and deliver to the Receiver or the Corporation such reports as the Receiver or the Corporation may from time to time request regarding the Shared-Loss Assets and the Quarterly Certificates required by Section 2.1 of this Exhibit.

Appears in 4 contracts

Samples: Purchase and Assumption Agreement (Midland States Bancorp, Inc.), Purchase and Assumption Agreement (First Financial Holdings Inc /De/), Purchase and Assumption Agreement (Community Bankers Trust Corp)

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