BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset premium (discount) bid of $(26,800,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Bank Closing) from and including the day following Bank Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 5 contracts

Samples: Purchase and Assumption Agreement (North American Financial Holdings, Inc.), Purchase and Assumption Agreement (North American Financial Holdings, Inc.), Purchase and Assumption Agreement (North American Financial Holdings, Inc.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% one per cent (1%) and an Asset ~~premium~~ (discount) bid of ($~~(26,800,000~~8,800,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 5 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00 % and an Asset premium (discount) bid of $(~~26,800,000~~22,300,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 5 contracts

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of zero percent (0% %) and an Asset ~~premium (discount)~~ discount bid of $~~(26,800,000)~~ 54,392,000.00 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 4 contracts

Samples: Purchase and Assumption Agreement (Bank of the Ozarks Inc), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset premium (discount) bid of $(~~26,800,000~~917,724) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (CenterState Banks, Inc.), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset premium (discount) bid of ($~~(26,800,000~~45,732,425.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (State Bank Financial Corp), Purchase and Assumption Agreement (State Bank Financial Corp), Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset ~~premium (discount)~~ discount bid of ($~~(26,800,000~~19,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement (Home Bancshares Inc), Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver an asset discount bid of $43,000,000.00 and a positive Deposit premium bid of ~~0% and an Asset premium (discount) bid of $(26,800,000) (the “Bid Amount”)~~2%. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services ~~Deposits~~Deposits set forth on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Bank Closing) from and including the day following Bank Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Westamerica Bancorporation), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0.45% and an Asset premium (discount) bid of $~~(26,800,000)~~ 0 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Pacwest Bancorp), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset premium (discount) bid of $(~~26,800,000~~8,143,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (CenterState Banks, Inc.), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset premium (discount) bid of ($~~(26,800,000~~52,900,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Home Bancshares Inc), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 01.0% and an Asset premium (discount) bid of ($~~(26,800,000~~94,544,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Renasant Corp), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00 % and an Asset ~~premium (discount)~~ discount bid of $~~(26,800,000)~~ 46,500,000.00 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Simmons First National Corp), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.50% and an Asset ~~premium~~ (discount) bid of $(~~26,800,000~~57,434,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Talmer Bancorp, Inc.), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.50% and an Asset ~~premium (discount)~~ discount bid of $~~(26,800,000)~~ 8,500,000 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (First California Financial Group, Inc.), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset premium (discount) bid of ($~~(26,800,000~~38,900,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.00% and an Asset premium (discount) bid of $(~~26,800,000~~34,750,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Bank of the Ozarks Inc), Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.00% and an Asset premium (discount) bid of ($~~(26,800,000~~12,426,115) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.25% and an Asset premium (discount) bid of ($~~(26,800,000~~10,800,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset premium (discount) bid of $$ (~~26,800,000~~13,689,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset premium (discount) bid of $(~~26,800,000~~45,002,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset premium (discount) bid of $(~~26,800,000~~21,306,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 01.25% and an Asset premium (discount) bid of $(~~26,800,000~~48,700,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver ~~a Deposit premium bid of 0% and~~ an ~~Asset premium~~ asset (discount) bid of ($~~(26,800,000~~41,200,000) ~~(the “Bid Amount”)~~and a positive Deposit premium bid of 1%. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Bank Closing) from and including the day following Bank Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Heritage Financial Corp /Wa/), Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.00% and an Asset ~~premium (discount)~~ discount bid of ($~~(26,800,000~~7,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Polonia Bancorp), Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming ~~Institution~~ Bank has submitted to the Receiver a ~~Deposit premium~~ bid of 00 % of the Assumed Deposits for the Assets purchased and ~~an Asset premium (discount) bid of $(26,800,000)~~ Liabilities Assumed hereunder (the “"Bid Amount”"). The Deposit ~~premium~~ bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0 % and an Asset premium (discount) bid of ($~~(26,800,000~~38,900,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming ~~Institution~~ Bank has submitted to the Receiver a ~~Deposit premium~~ positive bid of 0.27% of the Assumed Deposits for the Assets purchased and ~~an Asset premium (discount) bid of $(26,800,000)~~ Liabilities Assumed hereunder (the “"Bid Amount”"). The Deposit ~~premium~~ bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.00% and an Asset premium (discount) bid of ($~~(26,800,000~~3,973,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset premium (discount) bid of $(~~26,800,000~~15,874,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset ~~premium (discount)~~ Discount bid of ($~~(26,800,000~~49,813,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver an asset discount bid of Thirty Three Million Five Hundred Thousand Dollars ($33,500,000) and a positive Deposit premium bid of 0~~% and an Asset premium (discount) bid of $(26,800,000) (the “Bid Amount”)~~%. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Bank Closing) from and including the day following Bank Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.50% and an Asset premium (discount) bid of $~~(26,800,000~~0 ( Zero Dollars) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver ~~a Deposit premium bid of 0% and~~ an ~~Asset~~ asset premium (discount) bid of $(~~26,800,000~~11,625,000) ~~(the “Bid Amount”)~~and a positive Deposit premium bid of 1.33 %. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Bank Closing) from and including the day following Bank Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset premium (discount) bid of $(~~26,800,000~~21,000,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0.90% and an Asset ~~premium~~ (discount) bid of ($~~(26,800,000~~23,900,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 01% and an Asset premium (discount) bid of ($~~(26,800,000~~18,314,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset ~~premium~~ (discount) bid of $(~~26,800,000~~5,200,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (Bond Street Holdings Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset premium (discount) bid of $(~~26,800,000~~3,778,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.00% and an Asset premium (discount) bid of $(~~26,800,000~~27,000,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 01.0 % and an Asset premium (discount) bid of $$ (~~26,800,000~~29,907,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset premium (discount) bid of $(~~26,800,000~~38,000,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (1st United Bancorp, Inc.), Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming ~~Institution~~ Bank has submitted to the Receiver a ~~Deposit premium~~ positive bid of 00.5933% of the Assumed Deposits for the Assets purchased and ~~an Asset premium (discount) bid of $(26,800,000)~~ Liabilities Assumed hereunder (the “"Bid Amount”"). The Deposit ~~premium~~ bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 01.05% and an Asset premium (discount) bid of ($~~(26,800,000~~17,500,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 01.00% and an Asset premium (discount) bid of $(~~26,800,000~~46,900,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset premium (discount) bid of ($~~(26,800,000~~14,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.5% and an Asset premium (discount) bid of ($~~(26,800,000~~12,400,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (Bond Street Holdings Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver an asset discount bid of Five Million Nine Hundred Thousand Dollars ($5,900,000.00) and a positive Deposit premium bid of 0~~% and an Asset premium (discount) bid of $(26,800,000) (the “Bid Amount”)~~%. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Bank Closing) from and including the day following Bank Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.00% and an Asset premium (discount) bid of $(~~26,800,000~~2,032,276) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (CenterState Banks, Inc.), Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% Two Per Cent (2%) and an Asset ~~premium~~ (discount) bid of ($~~(26,800,000~~62,150,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.50% and an Asset ~~premium (discount)~~ discount bid of $~~(26,800,000)~~ 5,931,000 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver ~~a Deposit premium bid of 0% and~~ an ~~Asset~~ asset premium (discount) bid of ($~~(26,800,000~~20,035,000) ~~(the “Bid Amount”)~~and a positive Deposit premium bid of 0.22%. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Bank Closing) from and including the day following Bank Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0 % and an Asset ~~premium~~ (discount) bid of $$ (~~26,800,000~~57,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% One Percent (1.0%) and an Asset ~~premium (discount)~~ discount bid of $~~(26,800,000)~~ 29,889,000.00 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset premium (discount) bid of $(~~26,800,000~~16,400,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (Bond Street Holdings Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.75% and an Asset ~~premium~~ (discount) bid of ($~~(26,800,000~~10,500,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS® , and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Columbia Banking System Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset premium (discount) bid of ($~~(26,800,000~~14,495,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (CenterState Banks, Inc.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 01.50% and an Asset premium (discount) bid of $(~~26,800,000~~62,085,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Enterprise Financial Services Corp)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.00% and an Asset premium (discount) bid of ($~~(26,800,000~~47,000,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Financial Holdings Inc /De/)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset ~~premium (discount)~~ discount bid of ($~~(26,800,000~~46,887,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Northfield Bancorp, Inc.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Acquired Asset ~~premium (discount)~~ Premium bid of $~~(26,800,000)~~ 644,000.00 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.. ARTICLE

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First NBC Bank Holding Co)

BID; INITIAL PAYMENT. The Assuming ~~Institution~~ Bank has submitted to the Receiver a ~~Deposit premium~~ positive bid of 00.32% of the Assumed Deposits for the Assets purchased and ~~an Asset premium (discount) bid of $(26,800,000)~~ Liabilities Assumed hereunder (the “"Bid Amount”"). The Deposit ~~premium~~ bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset premium (discount) bid of ($~~(26,800,000~~4,786,134) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (CenterState Banks, Inc.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset premium (discount) bid of $(~~26,800,000~~66,300,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Certusholdings, Inc.)

BID; INITIAL PAYMENT. The Assuming ~~Institution~~ Bank has submitted to the Receiver a ~~Deposit premium~~ positive bid of 00.198% of the Assumed Deposits for the Assets purchased and ~~an Asset premium (discount) bid of $(26,800,000)~~ Liabilities Assumed hereunder (the “Bid Amount”). The Deposit ~~premium~~ bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Mb Financial Inc /Md)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.00% and an Asset premium (discount) bid of $(~~26,800,000~~260,000,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Hilltop Holdings Inc.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.00% and an Asset ~~premium (discount)~~ discount bid of ($~~(26,800,000~~27,920,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Pacific Premier Bancorp Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.00% and an Asset premium (discount) bid of $(~~26,800,000~~33,904,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Ameris Bancorp)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 01.0% and an Asset premium (discount) bid of ($~~(26,800,000) (the “Bid Amount”~~9,995,000.00), plus a value appreciation instrument. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset ~~premium (discount)~~ discount bid of $~~(26,800,000)~~ 56,970,415.00 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Republic Bancorp Inc /Ky/)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset ~~premium (discount)~~ discount bid of ($~~(26,800,000~~23,940,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Bancorp /Nc/)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset premium (discount) bid of $$ (~~26,800,000~~16,741,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (HCBF Holding Company, Inc.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of zero percent (0% %) and an Asset ~~premium (discount)~~ discount bid of $~~(26,800,000)~~ 98,000,000.00 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (NBH Holdings Corp.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.25% and an Asset ~~premium~~ (discount) bid of $(~~26,800,000~~46,430,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Talmer Bancorp, Inc.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset premium (discount) bid of $(~~26,800,000~~38,290,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (SCBT Financial Corp)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset ~~premium~~ (discount) bid of $(~~26,800,000~~38,600,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset premium (discount) bid of $(~~26,800,000~~8,500,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset premium (discount) bid of ($~~(26,800,000~~8,500,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (1st United Bancorp, Inc.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset premium (discount) bid of ($~~(26,800,000~~174,900,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Bank of the Ozarks Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.00% and an Asset premium (discount) bid of ($~~(26,800,000~~27,299,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Southern National Bancorp of Virginia Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset premium (discount) bid of ($~~(26,800,000~~29,300,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Certusholdings, Inc.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset premium (discount) bid of $(~~26,800,000~~42,900,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Bank of the Ozarks Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 04.05% and an Asset ~~premium~~ (discount) bid of ($~~(26,800,000~~23,591,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming ~~Institution~~ Bank will pay to the Corporation, or the Corporation will pay to the Assuming ~~Institution~~Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver ~~a Deposit premium bid of 0% and~~ an ~~Asset~~ asset premium (discount) bid of ($~~(26,800,000~~5,700,000.00) ~~(the “Bid Amount”)~~and a positive Deposit premium bid of 0.00%. The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Bank Closing) from and including the day following Bank Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.00% and an Acquired Asset premium (discount) bid of ($~~(26,800,000~~374,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for ~~brokered, CDARS, and any market place or similar subscription services Deposits~~those Assumed Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, ~~together with~~ plus interest on ~~such~~ that amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Fulton Financial Corp)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.00% and an Asset ~~premium (discount)~~ discount bid of a negative $~~(26,800,000)~~ 58,000,000 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First NBC Bank Holding Co)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset ~~premium (discount)~~ discount bid of thirty eight million dollars $(~~26,800,000~~38,000,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Bank of the Ozarks Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.0% and an Asset premium (discount) bid of $(~~26,800,000~~44,703,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS, and any market place or similar subscription services Deposits. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset premium (discount) bid of ($~~(26,800,000~~23,756,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Xenith Bankshares, Inc.)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset ~~premium~~ (discount) bid of ($~~(26,800,000~~19,800,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, ; CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Bank of Marin Bancorp)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.00% and an Asset premium (discount) bid of $(~~26,800,000~~22,500,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Ameris Bancorp)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 00.75% and an Asset ~~premium (discount)~~ discount bid of $~~(26,800,000)~~ 9,500,000.00 (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, CDARS®, and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Columbia Banking System Inc)

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 02.5% and an Acquired Asset premium (discount) bid of ($~~(26,800,000~~5,000,000.00) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for ~~brokered, CDARS, and any market place or similar subscription services Deposits~~those Assumed Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, ~~together with~~ plus interest on ~~such~~ that amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

BID; INITIAL PAYMENT. The Assuming Institution has submitted to the Receiver a Deposit premium bid of 0% and an Asset premium (discount) bid of $(~~26,800,000~~19,250,000) (the “Bid Amount”). The Deposit premium bid will be applied to the total of all Assumed Deposits except for brokered, ~~CDARS~~CDARS(R), and any market place or similar subscription services ~~Deposits~~Deposits as reflected on Schedule 7. On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the ~~day of~~ Bank ~~Closing~~Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (TGR Financial, Inc.)

Common use of BID; INITIAL PAYMENT Clause in Contracts