Common use of Consideration for Assumption of Assumed Liabilities Clause in Contracts

Consideration for Assumption of Assumed Liabilities. In consideration for the assumption by Purchaser of the Assumed Liabilities, Seller shall pay to Purchaser at Closing an amount equal to one hundred percent (100%) of the Deposit Account Liabilities, less Purchaser’s deposit premium, as further set forth on the attached Schedule 3.2 (representing a weighted average deposit premium equal to 12.75% based upon the Deposit Account Liabilities as of June 30, 2007).

Appears in 1 contract

Samples: Purchase Agreement (Legacy Bancorp, Inc.)

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Consideration for Assumption of Assumed Liabilities. In consideration for the assumption by Purchaser of the Assumed Liabilities, Seller shall pay to Purchaser at Closing an amount equal to one hundred percent (100%) of the Deposit Account Liabilities, Liabilities less Purchaser’s deposit premium, as further set forth on the attached Schedule 3.2 (representing a weighted average balance of such liabilities over the 15 calendar day period prior to Closing multiplied by the deposit premium equal to 12.75% based upon the Deposit Account Liabilities as of June 30, 2007)15.5%.

Appears in 1 contract

Samples: Purchase Agreement (First Niagara Financial Group Inc)

Consideration for Assumption of Assumed Liabilities. In consideration for the assumption by Purchaser of the Assumed Liabilities, Seller shall pay to Purchaser at Closing an amount equal to one hundred percent (100%) of the Deposit Account Liabilities, less Purchaser’s deposit premium, as further set forth on the attached Schedule 3.2 (representing a weighted average deposit premium equal to 12.75% based upon the Deposit Account Liabilities as of June 30, 2007).

Appears in 1 contract

Samples: Purchase Agreement (Great Lakes Bancorp, Inc.)

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Consideration for Assumption of Assumed Liabilities. In consideration for the assumption by Purchaser of the Assumed Liabilities, Seller shall pay to Purchaser at Closing an amount equal to one hundred percent (100%) of the Deposit Account Liabilities, less Purchaser’s deposit premium, as further set forth on the attached Schedule 3.2 (representing a weighted average deposit premium equal to 12.75% based upon the Deposit Account Liabilities as of June 30, 2007). .

Appears in 1 contract

Samples: Purchase Agreement (First Niagara Financial Group Inc)

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