Common use of Loss of Right to Receive Shared-Loss Loan Payments Clause in Contracts

Loss of Right to Receive Shared-Loss Loan Payments. The Assuming Institution shall not be entitled to payments relating to a Shared-Loss Loan pursuant to Section 2.3 if the Assuming Institution or any Affiliate of the Assuming Institution: Module 1 Whole Bank w/ Optional Shared Loss Agreements SF-6 First Guaranty Bank and Trust Company of Jacksonville Version 3.3.1 –SINGLE FAMILY SHARED-LOSS AGREEMENT Jacksonville, FL December 7, 2011 (i) sells or otherwise transfers that Shared-Loss Loan or any interest therein (whether with or without recourse) to any Person, other than in compliance with this Agreement; (ii) makes any additional advance, commitment or increase in the amount of a Commitment with respect to that Shared-Loss Loan; (iii) makes any amendment, modification, renewal or extension of a Shared-Loss Loan, other than in compliance with this Agreement; (iv) manages, administers or collects any Related Loan in a manner which would increase the amount of any collections with respect to that Related Loan to the detriment of the Shared-Loss Loan to which such loan is related; or (v) fails to administer that Shared-Loss Loan pursuant to the Management Standards, including, without limitation, consistent failure to provide complete, accurate and timely certificates and reports pursuant to Article 5.

Loss of Right to Receive Shared-Loss Loan Payments. The Assuming Institution shall not be entitled to payments relating to a Shared-Loss Loan pursuant to Section 2.3 if the Assuming Institution or any Affiliate of the Assuming Institution: : Module 1 – Whole Bank w/ Optional Shared Loss Agreements SF-6 First Guaranty Bank and Trust Company of Jacksonville Blue Ridge Savings Bank, Inc. Version 3.3.1 –SINGLE FAMILY SHARED3.2 – Single Family Shared-LOSS AGREEMENT JacksonvilleLoss Agreement Asheville, FL December 7North Carolina July 15, 2011 (i) sells or otherwise transfers that Shared-Loss Loan or any interest therein (whether with or without recourse) to any Person, other than in compliance with this Agreement; (ii) makes any additional advance, commitment or increase in the amount of a Commitment with respect to that Shared-Loss Loan; (iii) makes any amendment, modification, renewal or extension of a Shared-Loss Loan, other than in compliance with this Agreement; (iv) manages, administers or collects any Related Loan in a manner which would increase the amount of any collections with respect to that Related Loan to the detriment of the Shared-Loss Loan to which such loan is related; or (v) fails to administer that Shared-Loss Loan pursuant to the Management Standards, including, without limitation, consistent failure to provide complete, accurate and timely certificates and reports pursuant to Article 5.

Loss of Right to Receive Shared-Loss Loan Payments. The Assuming Institution shall not be entitled to payments relating to a Shared-Loss Loan pursuant to Section 2.3 if the Assuming Institution or any Affiliate of the Assuming Institution: : Module 1 – Whole Bank w/ Optional Shared Loss Agreements SF-6 First Guaranty Central Florida State Bank and Trust Company of Jacksonville Version 3.3.1 –– SINGLE FAMILY SHARED-LOSS AGREEMENT JacksonvilleBelleview, FL Florida December 7, 2011 (i) sells or otherwise transfers that Shared-Loss Loan or any interest therein (whether with or without recourse) to any Person, other than in compliance with this Agreement; (ii) makes any additional advance, commitment or increase in the amount of a Commitment with respect to that Shared-Loss Loan; (iii) makes any amendment, modification, renewal or extension of a Shared-Loss Loan, other than in compliance with this Agreement; (iv) manages, administers or collects any Related Loan in a manner which would increase the amount of any collections with respect to that Related Loan to the detriment of the Shared-Loss Loan to which such loan is related; or (v) fails to administer that Shared-Loss Loan pursuant to the Management Standards, including, without limitation, consistent failure to provide complete, accurate and timely certificates and reports pursuant to Article 5.

Loss of Right to Receive Shared-Loss Loan Payments. The Assuming Institution shall not be entitled to payments relating to a Shared-Loss Loan pursuant to Section 2.3 if the Assuming Institution or any Affiliate of the Assuming Institution: Module 1 Whole Bank w/ Optional Shared Loss Agreements SF-6 First Guaranty Bank and Trust Company of Jacksonville Version 3.3.1 –SINGLE FAMILY SHARED-LOSS AGREEMENT Jacksonville, FL December 7, 2011 (i) sells or otherwise transfers that Shared-Loss Loan or any interest therein (whether with or without recourse) to any Person, other than in compliance with this Agreement; (ii) makes any additional advance, commitment or increase in the amount of a Commitment with respect to that Shared-Loss Loan; (iii) makes any amendment, modification, renewal or extension of a Shared-Loss Loan, other than in compliance with this Agreement; Module 1 Whole Bank w/ Optional Shared Loss Agreements Version 3.01– SINGLE FAMILY SHARED-LOSS AGREEMENT December 8, 2010 XX-0 Xxx Xxxx Xxxxxx Xxxx Xxxxxxxx, XX (iv) manages, administers or collects any Related Loan in a manner which would increase the amount of any collections with respect to that Related Loan to the detriment of the Shared-Loss Loan to which such loan is related; or (v) fails to administer that Shared-Loss Loan pursuant to the Management Standards, including, without limitation, consistent failure to provide complete, accurate and timely certificates and reports pursuant to Article 5.