Common use of Interim Asset Servicing Clause in Contracts

Interim Asset Servicing. At any time after the Bank Closing Date, the Receiver may establish on its books an asset pool(s) and may transfer to such asset pool(s) (by means of accounting entries on the books of the Receiver) all or any assets and liabilities of the Failed Bank which are not acquired by the Assuming Institution, including, without limitation, wholly unfunded Commitments and assets and liabilities which may be acquired, funded or originated by the Receiver subsequent to the Bank Closing Date. The Receiver may remove assets (and liabilities) from or add assets (and liabilities) to such pool(s) at any time in its discretion. At the option of the Receiver, the Assuming Institution agrees to service, administer and collect such pool assets in accordance with, and for the term set forth in, Exhibit 4.13.

Appears in 77 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement

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Interim Asset Servicing. At any time after the Bank Closing Date, the Receiver may establish on its books an one or more asset pool(s) pools and may transfer to such into those asset pool(s) pools (by means of accounting entries on the books of the Receiver) all or any assets and liabilities of the Failed Bank which that are not acquired by the Assuming Institution, including, without limitation, including wholly unfunded Commitments Commitments, and assets and liabilities which that may be acquired, funded funded, or originated by the Receiver subsequent to the Bank Closing Date. The Receiver may remove assets (and liabilities) from or add assets (and liabilities) to such pool(s) those pools at any time in its discretion. At the option of the Receiver, the Assuming Institution agrees to will service, administer administer, and collect such those pool assets in accordance with, and for the term set forth in, Exhibit 4.13.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement

Interim Asset Servicing. At any time after the Bank Closing Date, the Receiver may establish on its books an asset pool(s) and may transfer to such asset pool(s) (by means of accounting entries on the books of the Receiver) all or any assets and liabilities of the Failed Bank which are not acquired by the Assuming Institution, including, without limitation, wholly unfunded Commitments and assets and liabilities which may be acquired, funded or originated by the Receiver subsequent to the Bank Closing Date. The Receiver may remove assets (and liabilities) from or add assets (and liabilities) to such pool(s) at any time in its discretion. At the option of the Receiver, the Assuming Institution agrees to service, administer and collect such pool assets in accordance with, and for the term set forth in, Exhibit 4.13.. ARTICLE V.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First NBC Bank Holding Co)

Interim Asset Servicing. At any time after the Bank Closing Date, the Receiver may establish on its books an one or more asset pool(s) pools and may transfer to such into those asset pool(s) pools (by means of accounting entries on the books of the Receiver) all or any assets and liabilities of the Failed Bank which that are not acquired by the Assuming Institution, including, without limitation, including wholly unfunded Commitments Commitments, and assets and liabilities which that may be acquired, funded funded, or originated by the Receiver subsequent to the Bank Closing Date. The Receiver may remove assets (and liabilities) from or add assets (( and liabilities) to such pool(s) those pools at any time in its discretion. At the option of the Receiver, the Assuming Institution agrees to will service, administer administer, and collect such those pool assets in accordance with, and for the term set forth in, Exhibit 4.13.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (New York Community Bancorp Inc)

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Interim Asset Servicing. At any time after the Bank Closing Date, the Receiver may establish on its books an asset pool(s) and may transfer to such asset pool(s) (by means of accounting entries on the books of the Receiver) all or any assets and liabilities of the Failed Bank which are not acquired by the Assuming Institution, including, without limitation, wholly unfunded Commitments and assets and liabilities which may be acquired, funded or originated by the Receiver subsequent to the Bank Closing Date. The Receiver may remove assets (and liabilities) from or add assets (and liabilities) to such pool(s) at any time in its discretion. At the option of the Receiver, the Assuming Institution agrees to service, administer and collect such pool assets in accordance with, and for the term set forth in, Exhibit 4.13.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Great Southern Bancorp Inc)

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