Failure to Exercise Option to Purchase Bank Premises. If a currently- utilized owned Bank Premises is located in an Underserved Area and the Assuming Institution does not exercise its option under Section 4.6(a) with respect to that Bank Premises, the Receiver will continue to rent any such owned Bank Premises to the Assuming Institution for the amount provided in Section 4.6(e) in order to comply with Section 4.1(a).
Appears in 17 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement
Failure to Exercise Option to Purchase Bank Premises. If a currently- currently-utilized owned Bank Premises is located in an Underserved Area and the Assuming Institution does not exercise its option under Section 4.6(a) with respect to that Bank Premises, the Receiver will continue to rent any such owned Bank Premises to the Assuming Institution for the amount provided in Section 4.6(e) in order to comply with Section 4.1(a).
Appears in 7 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement (Hancock Holding Co), Purchase and Assumption Agreement (Popular Inc)
Failure to Exercise Option to Purchase Bank Premises. If a currently- utilized any owned Bank Premises is currently used and located in an Underserved Area and the Assuming Institution does not exercise its option to purchase it under Section 4.6(a) with respect to that Bank Premises), the Receiver will continue to rent any such that owned Bank Premises to the Assuming Institution for the amount provided in Section 4.6(e) in order to allow the Assuming Institution to comply with Section 4.1(a4.l(a).
Appears in 4 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement
Failure to Exercise Option to Purchase Bank Premises. If a currently- utilized any owned Bank Premises is currently used and located in an Underserved Area and the Assuming Institution does not exercise its option to purchase it under Section 4.6(a) with respect to that Bank Premises), the Receiver will continue to rent any such that owned Bank Premises to the Assuming Institution for the amount provided in Section 4.6(e) in order to allow the Assuming Institution to comply with Section 4.1(a).
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (First Citizens Bancshares Inc /De/), Purchase and Assumption Agreement
Failure to Exercise Option to Purchase Bank Premises. If a currently- utilized For any owned Bank Premises is located in an Underserved Area and currently used for banking purposes that the Assuming Institution does not exercise its option to purchase under Section 4.6(a) with respect to that Bank Premises), the Receiver will continue to rent any such that owned Bank Premises to the Assuming Institution for the amount provided in Section 4.6(e) in order to allow the Assuming Institution to comply with Section 4.1(a).
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement (Fulton Financial Corp)
Failure to Exercise Option to Purchase Bank Premises. If a currently- utilized any owned Bank Premises is currently used and located in an Underserved Area and the Assuming Institution does not exercise its option to purchase it under Section 4.6(a) with respect to that Bank Premises), the Receiver will continue to rent any such that owned Bank Premises to the Assuming Institution for the amount provided in Section 4.6(e) in order to allow the Assuming Institution to comply with Section 4.1(a4.1 (a).
Appears in 1 contract
Samples: Purchase and Assumption Agreement (New York Community Bancorp Inc)
