Agreement with Respect to Option to Purchase Loan Pools. The Receiver hereby grants to the Assuming Bank an exclusive option for the period of 30 days commencing the day after the Bank Closing Date to establish and purchase loan pools at Book Value. The Assuming Bank shall give written notice to the Receiver within the option period of its election to establish and purchase any of the established pools. The pools shall be purchased pursuant to the FDIC’s loan sale agreement.
Appears in 18 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement
Agreement with Respect to Option to Purchase Loan Pools. The Receiver hereby grants to the Assuming Bank an exclusive option for the period of 30 days commencing the day after the Bank Closing Date to establish and purchase loan pools that may be established by the Receiver at Book Value. The Assuming Bank shall give written notice to the Receiver within the option period of its election to establish and purchase or not to purchase any of the established pools. The pools shall be purchased pursuant to the FDIC’s loan sale agreement.
Appears in 8 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement
Agreement with Respect to Option to Purchase Loan Pools. The Receiver hereby grants to the Assuming Bank Institution an exclusive option for the period of 30 days commencing the day after the Bank Closing Date to establish and purchase loan pools at Book Value. The Assuming Bank Institution shall give written notice to the Receiver within the option period of its election to establish and purchase any of the established pools. The pools shall be purchased pursuant to the FDIC’s loan sale agreement.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement
Agreement with Respect to Option to Purchase Loan Pools. The Receiver hereby grants to the Assuming Bank an exclusive option for the period of 30 60 days commencing the day after the Bank Closing Date to establish and purchase loan pools that may be established by the Receiver at Book Value. The Assuming Bank shall give written notice to the Receiver within the option period of its election to establish and purchase or not to purchase any of the established pools. The pools shall be purchased pursuant to the FDIC’s loan sale agreement.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Community Bankers Trust Corp)
