Common use of Termination by Regulators Clause in Contracts

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the Bank: (1) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the FDIA; or (2) by the FDIC, at the time it approves a supervisory merger to resolve problems related to operation of the Bank. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the BankCompany: (1i) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Bank Company under the authority contained in Section 13(c) of the FDIA; or (2ii) by the FDICFDIC or the Federal Reserve, at the time it either agency approves a supervisory merger to resolve problems related to operation of the BankCompany. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the Bank: (1i) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the FDIA; or (2ii) by the FDICFDIC or the Federal Reserve, at the time it either agency approves a supervisory merger to resolve problems related to operation of the BankBank or the Company, respectively. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the Bank: (1) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the FDIA; or (2) by the FDIC, at the time it approves a supervisory merger to resolve problems related to operation of the BankBank or when the Bank is determined by the Director to be in an unsafe or unsound condition. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the BankCompany: (1) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Bank Company under the authority contained in Section 13(c) of the FDIA; or (2) by the FDICapplicable federal banking agency, at the time it the agency approves a supervisory merger to resolve problems related to operation of the Bankdepository institution. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the Bank: (1) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Bank under the authority Timberland Employment Agreement - 9 contained in Section 13(c) of the FDIA; or (2) by the FDIC, at the time it approves a supervisory merger to resolve problems related to operation of the Bank. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the Bank: (1) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the FDIA; or (2) by the FDICFDIC or the OTS, at the time it either agency approves a supervisory merger to resolve problems related to operation of the Bank. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the BankEmployer: (1i) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Bank Employer under the authority contained in Section 13(c) of the FDIA; or (2ii) by the FDICFDIC or the Federal Reserve, at the time it either agency approves a supervisory merger to resolve problems related to operation of the BankBank or the Employer, respectively. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the Bank: (1) at the time the FDIC Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the FDIA; or (2) by the FDIC, at the time it approves a supervisory merger to resolve problems related to operation of the Bank. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall will be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the Bank: (1) by the Federal Deposit Insurance Corporation (the "FDIC") at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the FDIA; or (2) when the Bank is determined by the FDICFDIC to be in an unsafe or unsound condition. However, at the time it approves a supervisory merger to resolve problems related to operation of the Bank. Any vested rights of the contracting parties that have already vested, however, shall will not be affected by any such actionaffected.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the Bank: (1) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the FDIA; or (2) by the FDICFDIC or the OCC, at the time it either agency approves a supervisory merger to resolve problems related to operation of the Bank. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the Bank: (1) at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the FDIA; or (2) by the FDIC, at the time it the agency approves a supervisory merger to resolve problems related to operation of the BankBank or Company, respectively. Any rights of the parties that have already vested, however, shall not be affected by any such action.

Termination by Regulators. All obligations under this Agreement ------------------------- shall be terminated, except to the extent determined that continuation of this Agreement is necessary for the continued operation of the Bank: (1) by the Federal Deposit Insurance Corporation (the "FDIC") at the time the FDIC enters into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the FDIA; or (2) when the Bank is determined by the FDIC, at the time it approves a supervisory merger FDIC to resolve problems related to operation of the Bankbe in an unsafe or unsound condition. Any rights of the parties that have already vested, however, shall not be affected by any such action.