Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”): (i) (A) a schedule substantially in the form of Exhibit 1 listing: (i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans; (ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans; (iii) the total Monthly Loss Amount for all Single Family Shared- Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans; (iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month; (v) the Monthly Shared Loss Amount; (vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number; (ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 80 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reachedApplicable Percentage, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Shared- Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 51 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 44 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2aExhibits 2a(1)-(3), Exhibit 2b, or Exhibit 2cExhibits 2c(1)-(2), as applicable.
(iii) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibits 2d(1)-(2).
(iv) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 35 contracts
Samples: Purchase and Assumption Agreement (Trico Bancshares /), Purchase and Assumption Agreement, Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 23 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement (Firstmerit Corp /Oh/), Purchase and Assumption Agreement (Mb Financial Inc /Md)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 18 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 15 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 10 contracts
Samples: Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (Bond Street Holdings Inc), Purchase and Assumption Agreement (SCBT Financial Corp)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “"Monthly Certificate”"):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;; .
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
(C) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibit 2d.
(D) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 10 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 7 contracts
Samples: Purchase and Assumption Agreement (Nb&t Financial Group Inc), Purchase and Assumption Agreement (Home Bancorp, Inc.), Purchase and Assumption Agreement (Columbia Banking System Inc)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reachedApplicable Percentage, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Shared- Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2aExhibits 2a(1)-(3), Exhibit 2b, or Exhibit 2cExhibits 2c(1)-(2), as applicable.
(iii) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibits 2d(1)-(2).
(iv) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 6 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 4 contracts
Samples: Purchase and Assumption Agreement (Firstmerit Corp /Oh/), Purchase and Assumption Agreement, Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reachedApplicable Percentage, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 4 contracts
Samples: Purchase and Assumption Agreement (North American Financial Holdings, Inc.), Purchase and Assumption Agreement (North American Financial Holdings, Inc.), Purchase and Assumption Agreement (North American Financial Holdings, Inc.)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reachedApplicable Percentage, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2aExhibits 2a(1)-(3), Exhibit 2b, or Exhibit 2cExhibits 2c(1)-(2), as applicable.
(iii) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibits 2d(1)-(2).
(iv) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 4 contracts
Samples: Purchase and Assumption Agreement (State Bank Financial Corp), Purchase and Assumption Agreement (1st United Bancorp, Inc.), Purchase and Assumption Agreement (STATE BANK FINANCIAL Corp)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;all
(iii) the total Monthly Loss Amount for all Single Family Shared- Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 3 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 3 contracts
Samples: Purchase and Assumption Agreement (Ameris Bancorp), Purchase and Assumption Agreement (Iberiabank Corp), Purchase and Assumption Agreement (Iberiabank Corp)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 8050%, or times 9580% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2aExhibits 2a(1)-(3), Exhibit 2b, or Exhibit 2cExhibits 2c(1)-(2), as applicable.
(iii) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibits 2d(1)-(2).
(iv) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 3 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a Module 1 — Whole Bank w/ Loss Share — P&A First Security National Bank Version 1.12 Norcross, GA November 17, 2009 “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (State Bank Financial Corp), Purchase and Assumption Agreement (STATE BANK FINANCIAL Corp)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;; Module 1 — Whole Bank w/ Loss Share — P&A Peninsula Bank Version 2.06 Englewood, Florida May 24, 2010
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reachedApplicable Percentage, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2aExhibits 2a(1)-(3), Exhibit 2b, or Exhibit 2cExhibits 2c(1)-(2), as applicable.
(iii) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibits 2d(1)-(2).
(iv) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (Bond Street Holdings Inc)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):,
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (State Bank Financial Corp), Purchase and Assumption Agreement (STATE BANK FINANCIAL Corp)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a Module 1 — Whole Bank w/ Loss Share — P&A Version 1.12 PREMIER AMERICAN BANK MIAMI, FLORIDA November 17, 2009 “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (Bond Street Holdings Inc)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reachedApplicable Percentage, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2aExhibits 2a(1)-(3), Exhibit 2b, or Exhibit 2cExhibits 2c(1)-(2), as applicable.
(iii) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibits 2d(1)-(2).
(iv) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (Ameris Bancorp), Purchase and Assumption Agreement (Bank of the Ozarks Inc)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reachedApplicable Percentage, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (State Bank Financial Corp), Purchase and Assumption Agreement (First California Financial Group, Inc.)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Shared-Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a Module 1 – Whole Bank w/ Loss Share – P&A Version 1.12 November 17, 2009 65 FIRST REGIONAL BANK Los Angeles, CA “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (First Citizens Bancshares Inc /De/), Purchase and Assumption Agreement (First Citizens Bancshares Inc /De/)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the first Shared-Loss month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “"Monthly Certificate”"):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;; .
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
(C) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibit 2d.
(D) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 8050%, or times 9580% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2aExhibits 2a(1)-(3), Exhibit 2b, or Exhibit 2cExhibits 2c(1)-(2), as applicable.
(iii) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibit 2d.
(iv) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (Great Western Bancorp, Inc.), Purchase and Assumption Agreement (People's United Financial, Inc.)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;:
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reachedApplicable Percentage, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (CenterState Banks, Inc.), Purchase and Assumption Agreement (CenterState Banks, Inc.)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth (10th) anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
(C) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibit 2d.
(D) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (Home Bancshares Inc), Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Module 1 — Whole Bank w/ Loss Share — P&A Bank of Florida — Tampa Bay Version 2.05 Tampa, Florida April 26, 2010 Amount using the form and methodology shown in Exhibit 2aExhibits 2a(1)-(3), Exhibit 2b, or Exhibit 2cExhibits 2c(1)-(2), as applicable.
(iii) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibits 2d(1)-(2).
(iv) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (EverBank Financial Corp)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
(C) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibit 2d.
(D) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Midland States Bancorp, Inc.)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
(iii) (C) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibit 2d.
(iv) (D) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First Financial Bancorp /Oh/)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
Module 1 – Modified Whole Bank w/ Loss Share – P&A Xxxxx Union, FSB Version 1.08 Columbus, IN July 24, 2009
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
(iii) (C) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibit 2d.
(iv) (D) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First Financial Bancorp /Oh/)
Monthly Certificates. Module 1— Whole Bank w/ Loss Share — P&A Version 2.09B September 13, 0000 XXX Xxxx Xxxxxx Xxxx, XX Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “"Servicing Officer”") setting forth in such form and detail as the Receiver may reasonably specify (a “"Monthly Certificate”"):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reachedApplicable Percentage, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Customers Bancorp, Inc.)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reachedApplicable Percentage, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
Module 1 Whole Bank w/ Loss Share – P&A Version 2.11A October 8, 2010 50 Dxxxx Bank & Trust Co. Vidalia, Georgia
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2aExhibits 2a(1)-(3), Exhibit 2b, or Exhibit 2cExhibits 2c(1)-(2), as applicable.
(iii) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibits 2d(1)-(2).
(iv) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 1 contract
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reachedApplicable Percentage, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Module 1 Whole Bank w/ Loss Loans for which a Loss is claimed for that Shared-Loss MonthShare – P&A Version 2.09A August 17, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a2010 00 Xxxxx Xxxxxx Xxxx Xxxxxxxxx, Exhibit 2b, or Exhibit 2c, as applicable.Xxxxxxxxxx
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Washington Banking Co)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
: (i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
; (ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
; (iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
; (iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
; (v) the Monthly Shared Loss Amount;
; (vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reachedApplicable Percentage, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2aExhibits 2a(1)-(3), Exhibit 2b, or Exhibit 2cExhibits 2c(1)-(2), as applicable.
(iii) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibits 2d(1)-(2).
(iv) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Home Bancshares Inc)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
Module 1 Whole Bank w/ Loss Share – P&A XXXXX UNION BANK AND TRUST COMPANY Version 1.08 COLUMBUS, INDIANA July 24, 2009 (iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First Financial Bancorp /Oh/)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans Module 1 – Whole Bank w/ Loss Share – P&A LIBERTYPOINTE BANK Version 2.01 NEW YORK, NEW YORK February 24, 2010 63 whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Valley National Bancorp)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans Module 1 – Whole Bank w/ Loss Share – P&A 69 Rainier Pacific Bank Version 2.00 Tacoma, Washington January 20, 2010 whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Umpqua Holdings Corp)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 1 contract
Samples: Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;; Whole Bank w/ Loss Share – P&A Colonial Bank August 14, 2009 Montgomery, Alabama
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2aExhibits 2a(1)-(3), Exhibit 2b, or Exhibit 2cExhibits 2c(1)-(2), as applicable.
(iii) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibit 2d.
(iv) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 1 contract
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Module 1 Whole Bank w/ Loss Loans for which a Loss is claimed for that Shared-Loss MonthShare – P&A 49 Satilla Community Bank Version 2.05 St. Xxxxx Xxxxxxx Xxxxx 00, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.0000
Appears in 1 contract
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify specify
(a ““ Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 1 contract
Samples: Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “"Servicing Officer”") setting forth in such form and detail as the Receiver may reasonably specify (a “"Monthly Certificate”"):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2aExhibits 2a(l)-(3), Exhibit 2b, or Exhibit 2cExhibits 2c(l)-(2), as applicable.
(iii) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibits 2d(l)-(2).
(iv) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Washington Banking Co)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable. Whole Bank P&A w/Loss Sharing COUNTY BANK 6 February 2009 MERCED, CA
(C) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibit 2d.
(D) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3. Whole Bank P&A w/Loss Sharing COUNTY BANK 6 February 2009 MERCED, CA
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Westamerica Bancorporation)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans Module 1 – Whole Bank w/ Loss Share – P&A Desert Hills Bank Version 2.01 68 Phoenix, Arizona February 24, 2010 whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (New York Community Bancorp Inc)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):): Module 1 - Whole Bank w/ Loss Share - P&A Guaranty Bank Version 1.05 63 Austin, Texas June 16, 2009
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Bbva Compass Bancshares, Inc)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reachedApplicable Percentage, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2aExhibits 2a(1)-(3), Exhibit 2b, or Exhibit 2cExhibits 2c(1)-(2), as applicable.
(iii) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibits 2d(1)-(2).
(iv) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3. Module 1 — Whole Bank w/ Loss Share — P&A Bayside Savings Bank Version 2.07 Port Saint Xxx, Florida July 30, 2010
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Home Bancshares Inc)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a Module 1 – Whole Bank w/ Loss Share – P&A Version 1.12 November 17, 2009 72 Republic Federal Bank, N.A. Miami, FL “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (1st United Bancorp, Inc.)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.in
Appears in 1 contract
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for B)for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (CVB Financial Corp)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “"Monthly Certificate”"):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;; .
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology Whole Bank P&A w/Loss Sharing 53 Suburban Federal Savings Bank January 30, 2009 Crofton, MD shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
(C) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibit 2d.
(D) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3. Whole Bank P&A w/Loss Sharing 54 Suburban Federal Savings Bank January 30, 2009 Crofton, MD
Appears in 1 contract
Samples: Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Module 1 Whole Bank w/ Loss Loans for which a Loss is claimed for that Shared-Loss MonthShare – P&A CF Bancorp Version 2.02 Port Huron, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2aMI March 19, Exhibit 2b, or Exhibit 2c, as applicable.2010
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Talmer Bancorp, Inc.)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
Module 1 — Whole Bank w/ Loss Share — P&A WATERFORD VILLAGE BANK Version 1.07 WILLIAMSVILLE, NEW YORK July 14, 2009
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Evans Bancorp Inc)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Module 1 — Whole Bank w/ Loss Share — P&A Bank of Florida — Southwest Version 2.05 Naples, Florida April 26, 2010 Amount using the form and methodology shown in Exhibit 2aExhibits 2a(1)-(3), Exhibit 2b, or Exhibit 2cExhibits 2c(1)-(2), as applicable.
(iii) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibits 2d(1)-(2).
(iv) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (EverBank Financial Corp)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Module 1 — Whole Bank w/ Loss Share — P&A Bank of Florida — Southeast Version 2.05 Fort Lauderdale, Florida May 25, 2010 Amount using the form and methodology shown in Exhibit 2aExhibits 2a(1)-(3), Exhibit 2b, or Exhibit 2cExhibits 2c(1)-(2), as applicable.
(iii) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibits 2d(1)-(2).
(iv) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (EverBank Financial Corp)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Module 1 — Whole Bank w/ Loss Share — P&A Security Banks Version 1.07 Georgia July 20, 2009 Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (State Bank Financial Corp)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) ): (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 1 contract
Samples: Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reachedApplicable Percentage, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2aExhibits 2a(1)-(3), Exhibit 2b, or Exhibit 2cExhibits 2c(1)-(2), as applicable.
(iii) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibits 2d(1)-(2)
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Midland States Bancorp, Inc.)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(iii) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(iiiii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iiiiv) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(ivv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(vvi) the Monthly Shared Loss Amount;
(vivii) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (Bviii) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
(ix) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibit 2d.
(x) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Hancock Holding Co)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):specify
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
: (i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
; (ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
; (iii) the total Monthly Loss Amount for all Single Family Shared- Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
; (iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
; (v) the Monthly Shared Loss Amount;
; (vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology Whole Bank P&A w/Loss Sharing January 30, 2009 53 Suburban Federal Savings BankCrofton, MD shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
(C) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibit 2d.
(D) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3. Whole Bank P&A w/Loss Sharing 54 Suburban Federal Savings Bank January 30, 2009 Crofton, MD
Appears in 1 contract
Samples: Purchase and Assumption Agreement
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
; (iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Umpqua Holdings Corp)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans Module 1 – Whole Bank w/ Loss Share – P&A Xxx Xxxx Xxxxxx Xxxx Xxxxxxx 0.00 Xxx Xxxx, Xxx Xxxx February 24, 2010 64 whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Valley National Bancorp)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology Whole Bank P&A w/Loss Sharing 53 Suburban Federal Savings Bank January 30, 2009 Crofton, MD shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
(C) For each of the Restructured Loans where a gain or loss is realized in a sale under Section 4.1 or 4.2, a schedule showing the calculation using the form and methodology shown in Exhibit 2d.
(D) a portfolio performance and summary schedule substantially in the form shown in Exhibit 3. Whole Bank P&A w/Loss Sharing 54 Suburban Federal Savings Bank January 30, 2009 Crofton, MD
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Community Bankers Trust Corp)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
; (iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
; (v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank if the amount is a positive number, or by the Assuming Bank to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Home Bancshares Inc)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occursFinal Shared-Loss Month, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reachedApplicable Percentage, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Module 1 Whole Bank w/ Loss Loans for which a Loss is claimed for that Shared-Loss MonthShare – P&A Horizon Bank Version 2.09A Bradenton, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2aFlorida August 17, Exhibit 2b, or Exhibit 2c, as applicable.2010 80
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Bank of the Ozarks Inc)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans Module 1 – Whole Bank w/ Loss Share – P&A Unity National Bank Version 2.01 Cartersville, Georgia February 24, 2010 69 whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Bank of the Ozarks Inc)
Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Bank Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Bank Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans whose name appears on a list of servicing officers furnished by the Assuming Bank Institution to the Receiver, (a “Servicing Officer”) setting forth in such form and detail as the Receiver may reasonably specify (a “Monthly Certificate”):
(i) (A) a schedule substantially in the form of Exhibit 1 listing:
(i) each Single Family Shared-Loss Loan for which a Loss Amount (calculated in accordance with the applicable Exhibit) is being claimed, the related Loss Amount for each Single Family Shared- Shared-Loss Loan, and the total Monthly Loss Amount for all Single Family Shared-Loss Loans;
(ii) each Single Family Shared-Loss Loan for which a Recovery Amount was received, the Recovery Amount for each Single Family Shared-Loss Loan, and the total Recovery Amount for all Single Family Shared-Loss Loans;
(iii) the total Monthly Loss Amount for all Single Family Shared- Shared-Loss Loans minus the total monthly Recovery Amount for all Single Family Shared-Loss Loans;
(iv) the Cumulative Shared-Loss Amount as of the beginning and end of the month;
(v) the Monthly Shared Loss Amount;
(vi) the result obtained in (v) times 80%, or times 95% if the Stated Threshold has been reached, which in either case is the amount to be paid under Section 2.1(d) of this Single Family Shared-Loss Agreement by the Receiver to the Assuming Bank Institution if the amount is a positive number, or by the Assuming Bank Institution to the Receiver if the amount is a negative number;
(ii) (B) for each of the Single Family Shared-Loss Loans for which a Loss is claimed for that Shared-Loss Month, a schedule showing the calculation of the Loss Amount using the form and methodology shown in Exhibit 2a, Exhibit 2b, or Exhibit 2c, as applicable.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Citizens South Banking Corp)
