Common use of Agreement with Respect to Expenses Clause in Contracts

Agreement with Respect to Expenses. Notwithstanding anything to the contrary in this Agreement, for the period of ninety (90) days commencing the day after Bank Closing (the “Free Rent Period”), the Receiver agrees to pay the overhead expenses, as determined by the Receiver, for owned and leased Bank Premises, which includes all taxes, lease payments (real and for Furniture and Equipment and leased Fixtures, utilities and Failed Bank’ employee and data processing costs associated with any Bank Premises. However, the Assuming Bank shall be responsible for providing its own insurance covering its occupancy of any Bank Premises including, without any limitation, that required by Section 4.10 hereof. Furthermore, the cost associated with any Assuming Bank employees shall not be included in any calculation of overhead expenses. At the conclusion of the Free Rent Period, this Section 4.15 shall have no further force or effect.

Agreement with Respect to Expenses. Notwithstanding anything to the contrary in this Agreement, for For the period of ninety (90) days commencing the day after the Bank Closing Date (the “Free Rent Period”), the Receiver agrees to pay the overhead expenses, as determined by the Receiver, for owned and leased Bank Premises, which includes all taxes, lease payments (real and for Furniture and Equipment and leased Fixtures), utilities utilities, and the Failed Bank’ ’s employee and data processing costs cost, associated with the main office and any Bank Premisesbranches. However, the Assuming Bank shall be responsible for providing its own insurance covering its occupancy of any Bank Premises including, without any limitation, that required by Section 4.10 hereof. FurthermoreAlso, the cost associated with any Assuming Bank employees shall not be included in any calculation of overhead expenses. At the conclusion of the Free Rent PeriodThereafter, this Section 4.15 article 4.6(e) shall have no further force or effectapply.