Common use of Liabilities Assumed by Assuming Bank Clause in Contracts

Liabilities Assumed by Assuming Bank. The Assuming Bank expressly assumes at Book Value (subject to adjustment pursuant to Article VIII) and agrees to pay, perform, and discharge all of the following liabilities of the Failed Bank as of Bank Closing, except as otherwise provided in this Agreement (such liabilities referred to as "Liabilities Assumed"):

Appears in 164 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement (Bbva Compass Bancshares, Inc), Purchase and Assumption Agreement

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Liabilities Assumed by Assuming Bank. The Assuming Bank expressly assumes at Book Value (subject to adjustment pursuant to Article VIII) and agrees to pay, perform, and discharge all of the following liabilities of the Failed Bank as of Bank Closing, except as otherwise provided in this Agreement (such liabilities referred to as "Liabilities Assumed"):

Appears in 82 contracts

Samples: Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (Bond Street Holdings Inc)

Liabilities Assumed by Assuming Bank. The Assuming Bank expressly assumes at Book Value (subject to adjustment pursuant to Article VIII) and agrees to pay, perform, and discharge all of the following liabilities of the Failed Bank as of the Bank ClosingClosing Date, except as otherwise provided in this Agreement (such liabilities referred to as "Liabilities Assumed"):

Appears in 22 contracts

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

Liabilities Assumed by Assuming Bank. The Assuming Bank expressly assumes at Book Value (subject to adjustment pursuant to Article VIII) and agrees to pay, perform, and discharge all of the following liabilities of the Failed Bank as of the Bank ClosingClosing Date, except as otherwise provided in this Agreement (such liabilities referred to as "Liabilities Assumed"):

Appears in 5 contracts

Samples: Purchase and Assumption Agreement (Mb Financial Inc /Md), Purchase and Assumption Agreement (Community Bankers Trust Corp), Purchase and Assumption Agreement (First California Financial Group, Inc.)

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Liabilities Assumed by Assuming Bank. The Assuming Bank expressly assumes at Book Value (except QFCs and subject to adjustment pursuant to Article VIII) and agrees to pay, perform, and discharge all of the following liabilities of the Failed Bank as of Bank Closing, except as otherwise provided in this Agreement (such liabilities referred to as "Liabilities Assumed"):

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Westamerica Bancorporation)

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