Common use of Option Clause in Contracts

Option. The Receiver hereby grants to the Assuming Institution an exclusive option for the period of ninety (90) days commencing the day after Bank Closing to accept an assignment from the Receiver of all Leased Data Management Equipment.

Appears in 65 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement (HCBF Holding Company, Inc.), Purchase and Assumption Agreement (FCB Financial Holdings, Inc.)

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Option. The Receiver hereby grants to the Assuming Institution an exclusive option for the period of ninety (90) days commencing the day after Bank Closing Date to accept an assignment from the Receiver of all Leased Data Management Equipment.

Appears in 21 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement

Option. The Receiver hereby grants to the Assuming Institution an exclusive option for the period of ninety (90) days commencing the day after Bank Closing Date to accept an assignment from the Receiver of all Leased Data Management Equipment.

Appears in 7 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement (Fulton Financial Corp), Purchase and Assumption Agreement (First Citizens Bancshares Inc /De/)

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Option. The Receiver hereby grants to the Assuming Institution an exclusive option for the period of ninety (90) 120 days commencing the day after Bank Closing Date to accept an assignment from the Receiver of all Leased Data Management Equipment.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement

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