Collateral Assignments and Filing. Seller shall take all such reasonable actions as requested by Purchaser to assist Purchaser in obtaining the valid perfection of a lien or security interest in the collateral, if any, securing each Loan or Reimbursement Obligation sold on the Closing Date in favor of Purchaser or its designated assignee as secured party. Any such action shall be at the sole expense of Purchaser, and Purchaser shall reimburse Seller for all reasonable third party costs incurred in connection therewith.
Appears in 4 contracts
Samples: Purchase and Assumption Agreement (Berkshire Hills Bancorp Inc), Purchase and Assumption Agreement (NBT Bancorp Inc), Purchase and Assumption Agreement (Legacy Bancorp, Inc.)
Collateral Assignments and Filing. As requested by Purchaser, Seller shall take all such reasonable actions as requested by Purchaser to assist Purchaser in obtaining the valid perfection of a first priority lien or security interest in the collateral, if any, securing each Purchased Loan or Reimbursement Obligation sold on the Closing Date in favor of Purchaser or its designated assignee as secured party. Any such action shall be at the sole expense of Purchaser, and Purchaser shall reimburse Seller for all reasonable third party costs incurred in connection therewith.
Appears in 3 contracts
Samples: Purchase and Assumption Agreement (Atlantic Capital Bancshares, Inc.), Purchase and Assumption Agreement (Athens Bancshares Corp), Purchase and Assumption Agreement (Fidelity Southern Corp)
Collateral Assignments and Filing. Seller shall take all such reasonable actions as requested by Purchaser Buyer to assist Purchaser Buyer in obtaining the valid perfection of a lien or security interest in the collateral, if any, securing each Loan or Reimbursement Obligation sold on the Closing Date in favor of Purchaser Buyer or its designated assignee as secured party. Any such action shall be at the sole expense of PurchaserBuyer, and Purchaser Buyer shall reimburse Seller for all reasonable third party costs incurred in connection therewith.
Appears in 3 contracts
Samples: Purchase and Assumption Agreement (First Financial Bancorp /Oh/), Purchase and Assumption Agreement (Peoples Community Bancorp Inc /Md/), Purchase and Assumption Agreement (Irwin Financial Corp)
Collateral Assignments and Filing. Seller shall take all such reasonable actions as requested by Purchaser to assist Purchaser in obtaining the valid perfection of a lien or security interest in the collateral, if any, securing each Loan or Reimbursement Obligation sold on the Closing Date in favor of Purchaser or its designated assignee as secured party. Any such action shall be at the sole expense of Purchaser, and Purchaser shall reimburse Seller for all reasonable third third-party costs incurred in connection therewith.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (MVB Financial Corp), Purchase and Assumption Agreement (MVB Financial Corp)
Collateral Assignments and Filing. Seller shall take all such reasonable actions as requested by Purchaser to assist Purchaser in obtaining the valid perfection of a lien or security interest in the collateral, if any, securing each Loan or Reimbursement Obligation sold on the Closing Date in favor of Purchaser or its designated assignee as secured party. Any such action shall be at the sole expense of Purchaser, and Purchaser shall reimburse Seller for all reasonable third party costs incurred in connection therewith.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (First Place Financial Corp /De/), Purchase and Assumption Agreement (Bremer Financial Corporation)
Collateral Assignments and Filing. Seller shall take all such reasonable actions as requested by Purchaser Buyer to assist Purchaser Buyer in obtaining the valid perfection of a lien or security interest in the collateral, if any, securing each Assigned Loan or Reimbursement Obligation sold on the Closing Date in favor of Purchaser Buyer or its designated assignee as secured party. Any such action shall be the responsibility of Buyer and at the Buyer’s sole expense of Purchaserexpense, and Purchaser Buyer shall reimburse Seller for all reasonable third party costs incurred in connection therewith.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (United Community Financial Corp), Purchase and Assumption Agreement (Croghan Bancshares Inc)
Collateral Assignments and Filing. Seller shall take all such reasonable actions as requested by Purchaser to assist Purchaser in obtaining the valid perfection of a lien or security interest in the collateral, if any, securing each Loan or Reimbursement Obligation sold on the Closing Date in favor of Purchaser or its designated assignee as secured party. Any such action shall be at the sole expense of Purchaser, and Purchaser shall reimburse Seller for all reasonable third party costs incurred in connection therewith.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (Golden State Bancorp Inc), Purchase and Assumption Agreement (Golden State Bancorp Inc)
Collateral Assignments and Filing. Seller shall take all such reasonable actions as requested by Purchaser to assist Purchaser in obtaining the valid perfection of a lien or security interest in the collateral, if any, securing each Transferred Loan or Reimbursement Obligation sold on the Closing Date in favor of Purchaser or its designated assignee as secured party. Any such action shall be at the sole expense of Purchaser, and Purchaser shall reimburse Seller for all reasonable third party costs incurred in connection therewith.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (CenterState Banks, Inc.)
Collateral Assignments and Filing. Seller shall take all such reasonable actions as requested by Purchaser Buyer to assist Purchaser Buyer in obtaining the valid perfection of a lien or security interest in the collateralCollateral, if any, securing each Loan or Reimbursement Obligation sold on the Closing Date in favor of Purchaser Buyer or its designated assignee as secured party. Any such action shall be at the sole expense of PurchaserBuyer, and Purchaser Buyer shall reimburse Seller for all reasonable third party costs incurred in connection therewith.
Appears in 1 contract
Samples: Branch Purchase Agreement (German American Bancorp, Inc.)
Collateral Assignments and Filing. Seller shall take all such reasonable actions as requested by Purchaser to assist Purchaser in obtaining the valid perfection of a lien or security interest in the collateral, if any, securing each Loan or Reimbursement Obligation sold on the Closing Date in favor of Purchaser or its designated assignee as secured party. Any such action shall be at the sole expense of Purchaser, and Purchaser shall pay or reimburse Seller for all reasonable third party costs incurred in connection therewith.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Premierwest Bancorp)
Collateral Assignments and Filing. Seller shall take all such reasonable actions as requested by Purchaser Buyer to assist Purchaser in obtaining enable Buyer to obtain the valid perfection of a lien or security interest in the collateral, if any, securing each Loan or Reimbursement Obligation sold on the Closing Date in favor of Purchaser Buyer or its designated assignee as secured party, which lien or security interest shall have the same priority as that reflected on the Seller's records. Any such action shall be at the sole expense of PurchaserBuyer, and Purchaser Buyer shall reimburse Seller for all reasonable third party out-of-pocket costs incurred in connection therewith.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Pacific State Bancorp)
