Common use of Payment of Deposits Clause in Contracts

Payment of Deposits. In the event any depositor does not accept the obligation of the Assuming Institution to pay any Deposit liability of the Failed Bank assumed by the Assuming Institution pursuant to this Agreement and asserts a claim against the Receiver for all or any portion of any such Deposit liability, the Assuming Institution agrees on demand to provide to the Receiver funds sufficient to pay such claim in an amount not in excess of the Deposit liability reflected on the books of the Assuming Institution at the time such claim is made. Upon payment by the Assuming Institution to the Receiver of such amount, the Assuming Institution shall be discharged from any further obligation under this Agreement to pay to any such depositor the amount of such Deposit liability paid to the Receiver.

Payment of Deposits. In the event any depositor does not accept the obligation of the Assuming Institution Bank to pay any Deposit liability of the Failed Bank assumed by the Assuming Institution Bank pursuant to this Agreement and asserts a claim against the Receiver for all or any portion of any such Deposit liability, the Assuming Institution Bank agrees on demand to provide to the Receiver funds sufficient to pay such claim in an amount not in excess of the Deposit liability reflected on the books of the Assuming Institution Bank at the time such claim is made. Upon payment by the Assuming Institution Bank to the Receiver of such amount, the Assuming Institution Bank shall be discharged from any further obligation under this Agreement to pay to any such depositor the amount of such Deposit liability paid to the Receiver.

Payment of Deposits. In the event If any depositor does not accept the obligation of the Assuming Institution to pay any Deposit liability of the Failed Bank assumed by the Assuming Institution pursuant to this Agreement and asserts a claim against the Receiver for all or any portion of any such Deposit liability, the Assuming Institution agrees on Institution, upon demand to from the Receiver, will provide to the Receiver funds sufficient to pay such that claim in an amount not in excess of the Deposit liability reflected on the books of the Assuming Institution at the time such that claim is made. Upon payment by the Assuming Institution to the Receiver of such that amount, the Assuming Institution shall will be discharged from any further obligation under this Agreement to pay to any such that depositor the amount of such that Deposit liability paid to the Receiver.