Common use of Obligations Supplemental Clause in Contracts

Obligations Supplemental. The obligations of the Receiver, and the Corporation as guarantor in accordance with Section 12.7, to provide indemnification under this Article XII Module 1 — Whole Bank w/ Loss Share — P&A Version 1.07 July 14, 0000 XXXXXXXXX XXXXXXX XXXX XXXXXXXXXXXXX, XXX XXXX are to supplement any amount payable by any Primary Indemnitor to the Person indemnified under this Article XII. Consistent with that intent, the Receiver agrees only to make payments pursuant to such indemnification to the extent not payable by a Primary Indemnitor. If the aggregate amount of payments by the Receiver, or the Corporation as guarantor in accordance with Section 12.7, and all Primary Indemnitors with respect to any item of indemnification under this Article XII exceeds the amount payable with respect to such item, such Person being indemnified shall notify the Receiver thereof and, upon the request of the Receiver, shall promptly pay to the Receiver, or the Corporation as appropriate, the amount of the Receiver’s (or Corporation’s) payments to the extent of such excess.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Evans Bancorp Inc)

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Obligations Supplemental. The obligations of the Receiver, and the Corporation as guarantor in accordance with Section 12.7, to provide indemnification under this Article XII Module 1 — Whole Bank w/ Loss Share — P&A Version 1.07 July 14, 0000 XXXXXXXXX XXXXXXX XXXX XXXXXXXXXXXXX, XXX XXXX are to supplement any amount payable by any Primary Indemnitor to the Person indemnified Module 1 – Whole Bank w/ Optional Shared Loss Agreements Version 3.1.1 – PURCHASE AND ASSUMPTION AGREEMENT April 27, 2011 38 Xxx Xxxxxxx Xxxx Xxxxxxx, Xxxxxxx under this Article XII. Consistent with that intent, the Receiver agrees only to make payments pursuant to such indemnification to the extent not payable by a Primary Indemnitor. If the aggregate amount of payments by the Receiver, or the Corporation as guarantor in accordance with Section 12.7, and all Primary Indemnitors with respect to any item of indemnification under this Article XII exceeds the amount payable with respect to such item, such Person being indemnified shall notify the Receiver thereof and, upon the request of the Receiver, shall promptly pay to the Receiver, or the Corporation as appropriate, the amount of the Receiver’s (or Corporation’s) payments to the extent of such excess.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Ameris Bancorp)

Obligations Supplemental. The obligations of the Receiver, and the Corporation as guarantor in accordance with Section 12.7, to provide indemnification under this Article XII Module 1 — Whole Bank w/ Loss Share — P&A Version 1.07 July 14, 0000 XXXXXXXXX XXXXXXX XXXX XXXXXXXXXXXXX, XXX XXXX are to supplement any amount payable by any Primary Indemnitor to the Person indemnified P & A with Loan Pools and Exhibits 36 ANB Financial N.A. 6 May 0000 Xxxxxxxxxxx, XX under this Article XII. Consistent with that intent, the Receiver agrees only to make payments pursuant to such indemnification to the extent not payable by a Primary Indemnitor. If the aggregate amount of payments by the Receiver, or the Corporation as guarantor in accordance with Section 12.7, and all Primary Indemnitors with respect to any item of indemnification under this Article XII exceeds the amount payable with respect to such item, such Person being indemnified shall notify the Receiver thereof and, upon the request of the Receiver, shall promptly pay to the Receiver, or the Corporation as appropriate, the amount of the Receiver’s (or Corporation’s) payments to the extent of such excess.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Iberiabank Corp)

Obligations Supplemental. The obligations of the Receiver, and the Corporation as guarantor in accordance with Section 12.7, to provide indemnification under this Article XII Module 1 — Whole Bank w/ Loss Share — P&A Version 1.07 July 14, 0000 XXXXXXXXX XXXXXXX XXXX XXXXXXXXXXXXX, XXX XXXX are to supplement any amount payable by any Primary Indemnitor to the Person indemnified under this Article XII. Consistent with that intent, the Receiver agrees only to make payments pursuant to such indemnification to the extent not payable by a Primary Indemnitor. If the aggregate amount of payments actually received by the Person being indemnified from the Receiver, or the Corporation as guarantor in accordance with Section 12.7, and all Primary Indemnitors with respect to any item of indemnification under this Article XII exceeds the amount payable with respect to such item, such Person being indemnified shall notify the Receiver thereof and, upon the request of the Receiver, shall promptly pay to the Receiver, or the Corporation as appropriate, the amount of the Receiver’s 's (or Corporation’s's) payments to the extent of such excess.. Module 1 - Whole Bank w/ Loss Share - P&A Guaranty Bank Version 1.05 37 Austin, Texas June 16, 2009

Appears in 1 contract

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

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Obligations Supplemental. The obligations of the Receiver, and the Corporation as guarantor in accordance with Section 12.7, to provide indemnification under this Article XII Module 1 — Whole Bank w/ Loss Share — P&A Version 1.07 July 14BankVersion 7.2 – Purchase and Assumption Agreement 40 Xxx Xxxx xx XxxxxxxXxxxxxxxx Xxxx, 0000 XXXXXXXXX XXXXXXX XXXX XXXXXXXXXXXXX, XXX XXXX Xxxxxxx are to supplement any amount payable by any Primary Indemnitor to the Person Indemnitee indemnified under this Article XII. Consistent with that intent, the Receiver agrees only to make payments pursuant to such indemnification to the extent not payable by a Primary Indemnitor. If the aggregate amount of payments by the Receiver, or the Corporation as guarantor in accordance with Section 12.7, and all Primary Indemnitors with respect to any item of indemnification under this Article XII exceeds the amount payable with respect to such item, such Person Indemnitee being indemnified shall notify the Receiver thereof and, upon the request of the Receiver, shall promptly pay to the Receiver, or the Corporation as appropriate, the amount of the Receiver’s (or Corporation’s) payments to the extent of such excess.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Fidelity Southern Corp)

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