Option to Put Bank Premises and Furniture and Equipment. (i) For a period of ninety (90) days following the Bank Closing Date, the Assuming Institution is entitled to require the Receiver to purchase any Bank Premises that is owned, directly or indirectly, by an Acquired Subsidiary, and the Receiver will pay the Market Value of the Bank Premises as its purchase price.
Appears in 6 contracts
Samples: Purchase and Assumption Agreement (Fulton Financial Corp), Purchase and Assumption Agreement, Purchase and Assumption Agreement
Option to Put Bank Premises and Furniture and Equipment. (i) For a period of ninety (90) days following the Bank Closing Date, the Assuming Institution is shall be entitled to require the Receiver to purchase any Bank Premises that is owned, directly or indirectly, by an Acquired Subsidiary, Subsidiary and the purchase price paid by the Receiver will pay shall be the Market Value of the Bank Premises as its purchase pricePremises.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement
Option to Put Bank Premises and Furniture and Equipment. (i) For a period of ninety (90) days following the Bank Closing Date, the Assuming Institution is shall be entitled to require the Receiver to purchase any Bank Premises that is owned, directly or indirectly, by an Acquired Subsidiary, if any, and the purchase price paid by the Receiver will pay shall be the Market Value of the Bank Premises as its purchase pricePremises.
Appears in 1 contract
Samples: Purchase and Assumption Agreement
