Common use of Loss Mitigation and Consideration of Alternatives Clause in Contracts

Loss Mitigation and Consideration of Alternatives. For each Single Family Shared-Loss Loan in default or for which a default is reasonably foreseeable, the

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (First Bancorp /Nc/), Purchase and Assumption Agreement (Great Southern Bancorp Inc), Purchase and Assumption Agreement (First Financial Holdings Inc /De/)

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Loss Mitigation and Consideration of Alternatives. For each Single Family Shared-Loss Loan in default or for which a default is reasonably foreseeable, thethe Assuming Bank shall undertake reasonable and customary loss mitigation efforts, in accordance

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Great Southern Bancorp Inc), Purchase and Assumption Agreement (Home Federal Bancorp, Inc.)

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