Assuming Institution definition

Assuming Institution has the meaning set forth in the introduction to this Agreement.
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Assuming Institution has the meaning set forth in the Purchase and Assumption Agreement.
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Assuming Institution has the meaning set forth in the introduction to this Agreement. “Bank Closing Date” means the close of business of the Failed Bank on the date on which the Chartering Authority closed such institution.
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Examples of Assuming Institution in a sentence

  • This Agreement has been duly executed and delivered by the Assuming Institution and when this Agreement has been duly authorized, executed and delivered by the Corporation and the Receiver, this Agreement will constitute the legal, valid and binding obligation of the Assuming Institution, enforceable in accordance with its terms.

  • No governmental authority or other third party consents (including but not limited to approvals, licenses, registrations or declarations) are required in connection with the execution, delivery or performance by the Assuming Institution of this Agreement, other than such consents as have been duly obtained and are in full force and effect.

  • Upon payment by the Assuming Institution to the Receiver of such amount, the Assuming Institution shall be discharged from any further obligation under this Agreement to pay to any such depositor the amount of such Deposit liability paid to the Receiver.

  • The Assuming Institution shall give written notice to the Receiver within the option period of its election to purchase or not to purchase any of the owned Bank Premises.

  • At the direction of the Receiver or the Corporation, the Assuming Institution shall return all or any portion of such deposit balance to the Receiver or the Corporation, as appropriate, and thereupon the Assuming Institution shall be discharged from any further liability to such depositor with respect to such returned deposit balance.


More Definitions of Assuming Institution

Assuming Institution has the meaning set forth in the introduction to this Agreement. “Bank Closing Date” has the meaning set forth in the Purchase and Assumption Agreement.
Sample 1
Assuming Institution has the meaning set forth in the Purchase and Assumption Module 1 – Whole Bank w/ Optional Shared Loss Agreements Version 3.01– SINGLE FAMILY SHARED-LOSS AGREEMENT April 29, 0000 XX-00 Xxxxx Xxxxxx Xxxxxxxxx Xxxx Xxxxxx, XX Agreement.
Sample 1
Assuming Institution has the meaning set forth in the introduction to this Agreement. “Bank Closing Date” means the close of business of the Failed Bank on the date on which the Chartering Authority closed such institution. “Bank Premises” means the banking buildings, drive-in banking facilities, teller facilities (staffed or automated), storage and service facilities, structures connecting remote facilities to banking houses, land on which the foregoing are located and unimproved land, together with any adjacent parking, that are owned or leased by the Failed Bank and that have formerly been utilized, are currently utilized, or as of the Bank Closing Date, are intended to be utilized in the future by the Failed Bank as shown on the Failed Bank Records. “Bank Premises Surrender Date” means, with respect to each specific Bank Premises, the date selected by the Assuming Institution to surrender such Bank Premises to the Receiver, which date shall be no later than the first day after the Receiver is satisfied that all of the conditions for surrender of such Bank Premises set forth in this Agreement have been met; provided that, unless otherwise provided in this Agreement, such date shall not be more than 150 days after the Bank Closing Date. “Bid Amount” has the meaning set forth in Article VII. “Bid Form” means Exhibit “A” to the bid instructions provided to the Assuming Institution. “Bid Valuation Date” means NOVEMBER 29, 2013.
Sample 1
Assuming Institution means Pan American Bank, FSB, an insured -------------------- depository institution within the meaning of the FDIA, organized and existing as a federal savings bank with its principal place of business in San Mateo, California.
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Assuming Institution has the meaning set forth in the Purchase and Assumption Module 1 – Whole Bank w/ Optional Shared Loss Agreements SF-24 First Guaranty Bank and Trust Company of Jacksonville Version 3.3.1 –SINGLE FAMILY SHARED-LOSS AGREEMENT Jacksonville, FL December 7, 2011 Agreement.
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Assuming Institution has the meaning set forth in the Purchase and Assumption Module 1 - Whole Bank w/ Optional Shared Loss Agreements Version 4.1 - Single Family Shared-Loss Agreement February 21, 2012 SF-24 Inter Savings Bank, FSB Maple Grove, Minnesota Agreement.
Sample 1
Assuming Institution has the meaning set forth in the Purchase and Assumption THE BANK OF ASHEVILLE ASHEVILLE, NORTH CAROLINA 24 Agreement.
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