Common use of Office Space for Receiver and Corporation Clause in Contracts

Office Space for Receiver and Corporation. For the period commencing on the Module 1 - Whole Bank w/ Loss Share - P&A Guaranty Bank Version 1.05 21 Austin, Texas June 16, 2009 day following Bank Closing and ending on the one hundred eightieth (180th) day thereafter, the Assuming Bank agrees to provide to the Receiver and the Corporation, without charge, adequate and suitable office space (including parking facilities and vault space), furniture, equipment (including photocopying and telecopying machines), email accounts, network access and technology resources (such as shared drive) and utilities (including local telephone service and fax machines) at the Bank Premises occupied by the Assuming Bank for their use in the discharge of their respective functions with respect to the Failed Bank. In the event the Receiver and the Corporation determine that the space provided is inadequate or unsuitable, the Receiver and the Corporation may relocate to other quarters having adequate and suitable space and the costs of relocation and any rental and utility costs for the balance of the period of occupancy by the Receiver and the Corporation shall be borne by the Assuming Bank. Additionally, the Assuming Bank agrees to pay such bills and invoices on behalf of the Receiver and Corporation as the Receiver or Corporation may direct for the period beginning on the date of Bank Closing and ending on Settlement Date. Assuming Bank shall submit its requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

Appears in 1 contract

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

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Office Space for Receiver and Corporation. For the period commencing on the Module 1 - Whole Bank w/ Loss Share - P&A Guaranty Bank Version 1.05 21 Austin, Texas June 16, 2009 day following Bank Closing and ending on the one hundred eightieth (180th) day thereafter, the Assuming Bank Institution agrees to provide to the Receiver and the Corporation, without charge, adequate and suitable office space (including parking facilities and vault space), furniture, equipment (including photocopying and telecopying machines), email accounts, network access and technology resources (such as shared drive) and utilities (including local telephone service and fax machines) at the Bank Premises occupied by the Assuming Bank Institution for their use in the discharge of their respective functions with respect to the Failed Bank. In the event the Receiver Module 1 – Whole Bank w/ Loss Share – P&A Westernbank Puerto Rico Version 2.03 Mayaguez, Puerto Rico April 13, 2010 and the Corporation determine that the space provided is inadequate or unsuitable, the Receiver and the Corporation may relocate to other quarters having adequate and suitable space and the costs of relocation and any rental and utility costs for the balance of the period of occupancy by the Receiver and the Corporation shall be borne by the Assuming BankInstitution. Additionally, the Assuming Bank Institution agrees to pay such bills and invoices on behalf of the Receiver and Corporation as the Receiver or Corporation may direct for the period beginning on the date of Bank Closing and ending on Settlement Date. Assuming Bank Institution shall submit its it requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Popular Inc)

Office Space for Receiver and Corporation. For the period commencing on the Module 1 - Whole Bank w/ Loss Share - P&A Guaranty Bank Version 1.05 21 Austin, Texas June 16, 2009 day following Bank Closing and ending on the one hundred eightieth (180th) day thereafter, the Assuming Bank Institution agrees to provide to the Receiver and the Corporation, without charge, adequate and suitable office space (including parking facilities and vault space), furniture, equipment (including photocopying and telecopying machines), email accounts, network access and technology resources (such as shared drive) and utilities (including local telephone service and fax machines) at the Bank Premises occupied by the Assuming Bank Institution for their use in the discharge of their respective functions with respect to the Failed Bank. In the event the Receiver and the Corporation determine that the space provided is inadequate or unsuitable, the Receiver Module 1 – Whole Bank w/ Loss Share – P&A Sterling Bank Version 2.07 Lantana, Florida June 10, 2010 24 and the Corporation may relocate to other quarters having adequate and suitable space and the costs of relocation and any rental and utility costs for the balance of the period of occupancy by the Receiver and the Corporation shall be borne by the Assuming BankInstitution. Additionally, the Assuming Bank Institution agrees to pay such bills and invoices on behalf of the Receiver and Corporation as the Receiver or Corporation may direct for the period beginning on the date of Bank Closing and ending on Settlement Date. Assuming Bank Institution shall submit its it requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Iberiabank Corp)

Office Space for Receiver and Corporation. For the period commencing on the Module 1 - Whole Bank w/ Loss Share - P&A Guaranty Bank Version 1.05 21 Austin, Texas June 16, 2009 day following Bank Closing and ending on the one hundred eightieth (180th) day thereafter, the Assuming Bank Institution agrees to provide to the Receiver and the Corporation, without charge, adequate and suitable office space (including parking facilities and vault space), furniture, equipment (including photocopying and telecopying machines), email accounts, network access and technology resources (such as shared drive) and utilities (including local telephone service and fax machines) at the Bank Premises occupied by the Assuming Bank Institution for their use in the discharge of their respective functions with respect to the Failed Bank. In the event the Receiver and the Corporation determine that the space provided is inadequate or unsuitable, the Receiver Module 1 – Whole Bank w/ Loss Share – P&A CF Bancorp Version 2.02 Port Huron, MI March 19, 2010 and the Corporation may relocate to other quarters having adequate and suitable space and the costs of relocation and any rental and utility costs for the balance of the period of occupancy by the Receiver and the Corporation shall be borne by the Assuming BankInstitution. Additionally, the Assuming Bank Institution agrees to pay such bills and invoices on behalf of the Receiver and Corporation as the Receiver or Corporation may direct for the period beginning on the date of Bank Closing and ending on Settlement Date. Assuming Bank Institution shall submit its it requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Talmer Bancorp, Inc.)

Office Space for Receiver and Corporation. For the period commencing on the Module 1 - Whole Bank w/ Loss Share - P&A Guaranty Bank Version 1.05 21 Austin, Texas June 16, 2009 day following Bank Closing and ending on the one hundred eightieth (180th) day thereafter, the Assuming Bank Institution agrees to provide to the Receiver and the Corporation, without charge, Module 1 – Whole Bank w/ Loss Share – P&A Home Valley Bank Version 2.07 Cave Junction, Oregon June 10, 2010 24 adequate and suitable office space (including parking facilities and vault space), furniture, equipment (including photocopying and telecopying machines), email accounts, network access and technology resources (such as shared drive) and utilities (including local telephone service and fax machines) at the Bank Premises occupied by the Assuming Bank Institution for their use in the discharge of their respective functions with respect to the Failed Bank. In the event the Receiver and the Corporation determine that the space provided is inadequate or unsuitable, the Receiver and the Corporation may relocate to other quarters having adequate and suitable space and the costs of relocation and any rental and utility costs for the balance of the period of occupancy by the Receiver and the Corporation shall be borne by the Assuming BankInstitution. Additionally, the Assuming Bank Institution agrees to pay such bills and invoices on behalf of the Receiver and Corporation as the Receiver or Corporation may direct for the period beginning on the date of Bank Closing and ending on Settlement Date. Assuming Bank Institution shall submit its it requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (South Valley Bancorp, Inc.)

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Office Space for Receiver and Corporation. For the period commencing on the Module 1 - Whole Bank w/ Loss Share - P&A Guaranty Bank Version 1.05 21 Austin, Texas June 16, 2009 day following Bank Closing and ending on the one hundred eightieth (180th) day thereafter, the Assuming Bank Institution agrees to provide to the Receiver and the Corporation, without charge, Module 1 — Whole Bank w/ Loss Share — P&A Bayside Savings Bank Version 2.07 Port Saint Xxx, Florida July 30, 2010 adequate and suitable office space (including parking facilities and vault space), furniture, equipment (including photocopying and telecopying machines), email accounts, network access and technology resources (such as shared drive) and utilities (including local telephone service and fax machines) at the Bank Premises occupied by the Assuming Bank Institution for their use in the discharge of their respective functions with respect to the Failed Bank. In the event the Receiver and the Corporation determine that the space provided is inadequate or unsuitable, the Receiver and the Corporation may relocate to other quarters having adequate and suitable space and the costs of relocation and any rental and utility costs for the balance of the period of occupancy by the Receiver and the Corporation shall be borne by the Assuming BankInstitution. Additionally, the Assuming Bank Institution agrees to pay such bills and invoices on behalf of the Receiver and Corporation as the Receiver or Corporation may direct for the period beginning on the date of Bank Closing and ending on Settlement Date. Assuming Bank Institution shall submit its it requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Home Bancshares Inc)

Office Space for Receiver and Corporation. For the period commencing on the Module 1 - Whole Bank w/ Loss Share - P&A Guaranty Bank Version 1.05 21 Austin, Texas June 16, 2009 day following Bank Closing and ending on the one hundred eightieth (180th) day thereafter, the Assuming Bank Institution agrees to provide to the Receiver and the Corporation, without charge, adequate and suitable office space (including parking facilities and vault space), furniture, Module 1 – Whole Bank w/ Loss Share – P&A 24 Satilla Community Bank Version 2.05 St. Marys Georgia April 26, 2010 equipment (including photocopying and telecopying machines), email accounts, network access and technology resources (such as shared drive) and utilities (including local telephone service and fax machines) at the Bank Premises occupied by the Assuming Bank Institution for their use in the discharge of their respective functions with respect to the Failed Bank. In the event the Receiver and the Corporation determine that the space provided is inadequate or unsuitable, the Receiver and the Corporation may relocate to other quarters having adequate and suitable space and the costs of relocation and any rental and utility costs for the balance of the period of occupancy by the Receiver and the Corporation shall be borne by the Assuming BankInstitution. Additionally, the Assuming Bank Institution agrees to pay such bills and invoices on behalf of the Receiver and Corporation as the Receiver or Corporation may direct for the period beginning on the date of Bank Closing and ending on Settlement Date. Assuming Bank Institution shall submit its it requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Ameris Bancorp)

Office Space for Receiver and Corporation. For the period commencing on the Module 1 - Whole Bank w/ Loss Share - P&A Guaranty Bank Version 1.05 21 Austin, Texas June 16, 2009 day following Bank Closing and ending on the one hundred eightieth (180th) day thereafter, the Assuming Bank agrees to provide to the Receiver and the Corporation, without charge, adequate and suitable office space (including parking facilities and vault space), furniture, equipment (including photocopying and telecopying machines), email accounts, network access and technology resources (such as shared drive) and utilities (including local telephone service and fax machines) at the Bank Premises occupied by the Assuming Bank for their use in the discharge of their respective functions with respect to the Failed Bank. In the event the Receiver and the Corporation determine that the space provided is inadequate or unsuitable, the Receiver Whole Bank w/ Loss Share – P&A Colonial Bank August 14, 2009 Montgomery, Alabama and the Corporation may relocate to other quarters having adequate and suitable space and the costs of relocation and any rental and utility costs for the balance of the period of occupancy by the Receiver and the Corporation shall be borne by the Assuming Bank. Additionally, the Assuming Bank agrees to pay such bills and invoices on behalf of the Receiver and Corporation as the Receiver or Corporation may direct for the period beginning on the date of Bank Closing and ending on Settlement Date. Assuming Bank shall submit its it requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Bb&t Corp)

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