Duties of the Assuming Institution with Respect to Shared-Loss Loans. In the performance of duties in accordance with the Management Standards, the Assuming Institution shall at all times exercise its best business judgment and shall:
Appears in 12 contracts
Samples: Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (Certusholdings, Inc.)
Duties of the Assuming Institution with Respect to Shared-Loss Loans. In the performance of duties in accordance with the Management Standards, the Assuming Institution shall at all times exercise its best business judgment and shall:
(i) manage, administer and collect amounts owed on each Shared-Loss Loan in a manner consistent with the following:
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (CenterState Banks, Inc.), Purchase and Assumption Agreement (Columbia Banking System Inc)
Duties of the Assuming Institution with Respect to Shared-Loss Loans. In the performance of duties in accordance with the Management Standards, the Assuming Institution shall at all times exercise its best business judgment and shall:
(i) manage, administer and collect amounts owed on each Shared-Loss Loan in a manner consistent with the following: (A) usual and prudent business and banking practices and Customary Servicing Procedures; and
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First Bancorp /Nc/)
Duties of the Assuming Institution with Respect to Shared-Loss Loans. In the performance of duties in accordance with the Management Standards, the Assuming Institution shall at all times exercise its best business judgment and shall:
(i) manage, administer and collect amounts owed on each Shared- Loss Loan in a manner consistent with the following:
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Fidelity Southern Corp)
