Common use of Payment by the Receiver Clause in Contracts

Payment by the Receiver. Within fifteen (15) Business Days after the date upon which the Assuming Institution transfers the Shared-Loss Asset or Asset pursuant to Section 2.11(b), the Receiver shall pay to the Assuming Institution a purchase price equal to: (i) the principal amount of such Shared-Loss Asset, any fees or penalties due from an Obligor and any Accrued Interest (subject to the limitations set forth at Section 2.11(d)), as stated on the Accounting Records of the Assuming Module 1 – Whole Bank w/ Optional Shared Loss Agreements C-13 Central Florida State Bank Version 3.3.1 – COMMERCIAL SHARED-LOSS AGREEMENT Belleview, Florida December 7, 2011 Institution, as of the date such price is determined (in the case of a Shared-Loss Loan, regardless of the Legal Balance thereof) plus all Reimbursable Expenses incurred up to and through the transfer date of such Shared-Loss Asset pursuant to Section 2.11(b) which have not previously been paid to the Assuming Institution; minus (ii) the Related Liability Amount applicable to any Related Liabilities related to such Shared-Loss Asset or Asset.

Payment by the Receiver. Within fifteen (15) Business Days after the date upon which the Assuming Institution transfers the Shared-Loss Asset or Asset pursuant to Section 2.11(b), the Receiver shall pay to the Assuming Institution a purchase price equal to: (i) the principal amount of such Shared-Loss Asset, any fees or penalties due from an Obligor and any Accrued Interest (subject to the limitations set forth at Section 2.11(d)), as stated on the Accounting Records of the Assuming Module 1 – Whole Bank w/ Optional Shared Loss Agreements C-13 Central Florida State Plantation Federal Bank Version 3.3.1 Version4.1 – COMMERCIAL SHARED-LOSS AGREEMENT BelleviewPawleys Island, Florida December 7SC February 21, 2011 2012 Institution, as of the date such price is determined (in the case of a Shared-Loss Loan, regardless of the Legal Balance thereof) plus all Reimbursable Expenses incurred up to and through the transfer date of such Shared-Loss Asset pursuant to Section 2.11(b) which have not previously been paid to the Assuming Institution; minus (ii) the Related Liability Amount applicable to any Related Liabilities related to such Shared-Loss Asset or Asset.

Payment by the Receiver. Within fifteen (15) Business Days after the date upon which the Assuming Institution transfers the Shared-Loss Asset or Asset pursuant to Section 2.11(b), the Receiver shall pay to the Assuming Institution a purchase price equal to: (i) the principal amount of such Shared-Loss Asset, any fees or penalties due from an Obligor and any Accrued Interest (subject to the limitations set forth at Section 2.11(d)), as stated on the Accounting Records of the Assuming Module 1 – Whole Bank w/ Optional Shared Loss Agreements C-13 Central Florida State First Guaranty Bank and Trust Company of Jacksonville Version 3.3.1 – COMMERCIAL SHARED-LOSS AGREEMENT BelleviewJacksonville, Florida FL December 7, 2011 Institution, as of the date such price is determined (in the case of a Shared-Loss Loan, regardless of the Legal Balance thereof) plus all Reimbursable Expenses incurred up to and through the transfer date of such Shared-Loss Asset pursuant to Section 2.11(b) which have not previously been paid to the Assuming Institution; minus (ii) the Related Liability Amount applicable to any Related Liabilities related to such Shared-Loss Asset or Asset.

Payment by the Receiver. Within fifteen (15) Business Days after the date upon which the Assuming Institution transfers the Shared-Loss Asset or Asset pursuant to Section 2.11(b), the Receiver shall pay to the Assuming Institution a purchase price equal to: (i) the principal amount of such Shared-Loss Asset, any fees or penalties due from an Obligor and any Accrued Interest (subject to the limitations set forth at Section 2.11(d)), as stated on the Accounting Records of the Assuming Module 1 – Whole Bank w/ Optional Shared Loss Agreements C-13 Central Florida State Bank Version 3.3.1 4.2.2 – COMMERCIAL SHAREDCommercial Shared-LOSS AGREEMENT BelleviewLoss Agreement June 1, Florida December 72000 X-00 Xxxxxx Xxxxx Xxxx Xxxxxxx, 2011 Xxxxxxx Institution, as of the date such price is determined (in the case of a Shared-Loss Loan, regardless of the Legal Balance thereof) plus all Reimbursable Expenses incurred up to and through the transfer date of such Shared-Loss Asset pursuant to Section 2.11(b) which have not previously been paid to the Assuming Institution; minus (ii) the Related Liability Amount applicable to any Related Liabilities related to such Shared-Loss Asset or Asset.

Payment by the Receiver. Within fifteen (15) Business Days after the date upon which the Assuming Institution transfers the Shared-Loss Asset or Asset pursuant to Section 2.11(b), the Receiver shall pay to the Assuming Institution a purchase price equal to: (i) the principal amount of such Shared-Loss Asset, any fees or penalties due from an Obligor and any Accrued Interest (subject to the limitations set forth at Section 2.11(d)), as stated on the Accounting Records of the Assuming Module 1 – - Whole Bank w/ Optional Shared Loss Agreements Version 4.1 - Commercial Shared-Loss Agreement February 21, 2012 C-13 Central Florida State Bank Version 3.3.1 – COMMERCIAL SHARED-LOSS AGREEMENT BelleviewInter Savings Bank, Florida December 7FSB Maple Grove, 2011 Minnesota Institution, as of the date such price is determined (in the case of a Shared-Loss Loan, regardless of the Legal Balance thereof) plus all Reimbursable Expenses incurred up to and through the transfer date of such Shared-Loss Asset pursuant to Section 2.11(b) which have not previously been paid to the Assuming Institution; minus (ii) the Related Liability Amount applicable to any Related Liabilities related to such Shared-Loss Asset or Asset.

Payment by the Receiver. Within fifteen (15) Business Days after the date upon which the Assuming Institution transfers the Shared-Loss Asset or Asset pursuant to Section 2.11(b), the Receiver shall pay to the Assuming Institution a purchase price equal to: (i) the principal amount of such Shared-Loss Asset, any fees or penalties due from an Obligor and any Accrued Interest (subject to the limitations set forth at Section 2.11(d)), as stated on the Accounting Records of the Assuming Module 1 – Whole Bank w/ Optional Shared Loss Agreements C-13 Central Florida State Bank of Georgia Version 3.3.1 – COMMERCIAL SHARED-LOSS AGREEMENT BelleviewEllaville, Florida GA December 7, 2011 Institution, as of the date such price is determined (in the case of a Shared-Loss Loan, regardless of the Legal Balance thereof) plus all Reimbursable Expenses incurred up to and through the transfer date of such Shared-Loss Asset pursuant to Section 2.11(b) which have not previously been paid to the Assuming Institution; minus (ii) the Related Liability Amount applicable to any Related Liabilities related to such Shared-Loss Asset or Asset.