COMMERCIAL SHARED-LOSS AGREEMENT Sample Clauses
COMMERCIAL SHARED-LOSS AGREEMENT. This Commercial Shared-Loss Agreement and the Exhibits attached hereto and incorporated herein by this reference (collectively, the “Agreement”) is made pursuant to and as of the date of that certain Purchase and Assumption Agreement (the “Purchase and Assumption Agreement”) among the Receiver, the Assuming Institution and the Corporation, to which this Agreement is attached.
COMMERCIAL SHARED-LOSS AGREEMENT. This Commercial Shared-Loss Agreement, effective as of May 1, 2023 including the Addenda, Exhibits and Schedules incorporated herein by this reference (collectively, this “Agreement”), is made pursuant to that certain Purchase and Assumption Agreement (the “Purchase and Assumption Agreement”) between the FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER OF FIRST REPUBLIC BANK, SAN FRANCISCO, CALIFORNIA (the “Receiver”), JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, organized under the laws of the United States of America, and having its principal place of business in NEW YORK, NEW YORK (the “Assuming Institution”). Each of the Receiver and the Assuming Institution is sometimes referred to in this Agreement as a “Party.” This Agreement shall be valid and effective only if the Assuming Institution has purchased Shared-Loss Assets pursuant to the Purchase and Assumption Agreement. In consideration of the mutual covenants and agreements set forth in this Agreement and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the Parties agree as follows: