Common use of Furniture and Equipment Clause in Contracts

Furniture and Equipment. The Receiver hereby grants to the Assuming Institution an option to purchase all Furniture and Equipment owned by the Failed Bank and located at any leased or owned Bank Premises at the item’s purchase price specified on Schedule 3.2 (i) that the Assuming Institution does not elect to purchase pursuant to Section 4.6(a) or (ii) for which Assuming Institution does not elect to take assignment of its lease pursuant to Section 4.6(b); provided that, the Assuming Institution shall give the Receiver notice of its election to purchase such Furniture and Equipment at the time it gives notice of its intention to surrender such Bank Premises.

Furniture and Equipment. The Receiver hereby grants to the Assuming Institution an option to purchase all Furniture and Equipment owned by the Failed Bank and located at any leased or owned Bank Premises at the item’s purchase price specified on Schedule 3.2 (i) that the Assuming Institution does not elect to purchase pursuant to Section 4.6(a) ), or (ii) for which Assuming Institution does not elect to take assignment of its lease pursuant to Section 4.6(b); provided that, the Assuming Institution shall will give the Receiver notice of its election to purchase such that Furniture and Equipment at the time it gives notice of its intention to surrender such that Bank Premises.

Furniture and Equipment. The Receiver hereby grants to the Assuming Institution an option to purchase all Furniture and Equipment owned by the Failed Bank and located at any leased or owned Bank Premises at the item’s 's purchase price specified on Schedule 3.2 (i) that the Assuming Institution does not elect to purchase pursuant to Section 4.6(a) ), or (ii) for which Assuming Institution does not elect to take assignment of its lease pursuant to Section 4.6(b4.6(a); provided that, the Assuming Institution shall will give the Receiver notice of its election to purchase such that Furniture and Equipment at the time it gives notice of its intention to surrender such that Bank Premises.

Furniture and Equipment. The Receiver hereby grants to the Assuming Institution an option to purchase all Furniture and Equipment owned by the Failed Bank and located at any leased or owned Bank Premises at the item’s 's purchase price specified on Schedule 3.2 (i) that the Assuming Institution does not elect to purchase pursuant to Section 4.6(a) ), or (ii) for which Assuming Institution does not elect to take assignment of its lease pursuant to Section 4.6(b); provided that, the Assuming Institution shall will give the Receiver notice of its election to purchase such that Furniture and Equipment at the time it gives notice of its intention to surrender such that Bank Premises.

Furniture and Equipment. The Receiver hereby grants to the Assuming Institution an option to purchase all Furniture and Equipment owned by the Failed Bank and located at any leased or owned Bank Premises at the item’s purchase price specified on Schedule Schedule 3.2 (i) that the Assuming Institution does not elect to purchase pursuant to Section 4.6(a) or (ii) for which Assuming Institution does not elect to take assignment of its lease pursuant to Section 4.6(b); provided that, the Assuming Institution shall give the Receiver notice of its election to purchase such Furniture and Equipment at the time it gives notice of its intention to surrender such Bank Premises.

Furniture and Equipment. The Receiver hereby grants to the Assuming Institution an option to purchase all Furniture and Equipment owned by the Failed Bank and located at any leased or owned Bank Premises at the item’s 's purchase price specified on Schedule 3.2 (i) that the Assuming Institution does not elect to purchase pursuant to Section 4.6(a) ), or (ii) for which Assuming Institution does not elect to take assignment of its lease pursuant to Section 4.6(b4.6(b ); provided that, the Assuming Institution shall will give the Receiver notice of its election to purchase such that Furniture and Equipment at the time it gives notice of its intention to surrender such that Bank Premises.