Common use of Payment of Termination Amount Clause in Contracts

Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution shall pay or cause to be paid to the Receiver by wire transfer in immediately available funds Six Million Six Hundred Thirteen Thousand Four Hundred Forty Eight Dollars ($6,613,448) (the “Termination Amount”). The Assuming Institution and the Receiver hereby acknowledge that the amount of shared loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount.

Appears in 1 contract

Samples: Termination Agreement (Home Bancshares Inc)

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Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution shall pay or cause to be paid to the Receiver by wire transfer in immediately available funds funds, Two Million, Twelve Thousand, Fifty Six Million Six Hundred Thirteen Thousand Four Hundred Forty Eight Dollars ($6,613,4482,012,056) (the "Termination Amount"). The Assuming Institution and the Receiver hereby acknowledge that the amount of shared shared-loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount.

Appears in 1 contract

Samples: Termination Agreement (First Bancorp /Nc/)

Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution shall pay or cause to be paid to the Receiver by wire transfer in immediately available funds Six Million Six Hundred Thirteen Seven Thousand Thirty Four Hundred Forty Eight Dollars ($6,613,4487,034) (the "Termination Amount"). The Assuming Institution and the Receiver hereby acknowledge that the amount of shared any shared-loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount.

Appears in 1 contract

Samples: Termination Agreement (BankUnited, Inc.)

Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution shall pay or cause to be paid to the Receiver by wire transfer in immediately available funds Six funds, Four Million Six Hundred Thirteen Thousand Four Eight Hundred Forty Eight Nine Thousand One Hundred Sixty One Dollars ($6,613,4484,849,161) (the "Termination Amount"). The Assuming Institution and the Receiver hereby acknowledge that the amount of shared shared-loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount.

Appears in 1 contract

Samples: Termination Agreement (Renasant Corp)

Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution shall pay or cause to be paid to the Receiver by wire transfer in immediately available funds Six Million Six Hundred Thirteen Thousand Four Hundred Forty Eight Dollars (funds, $6,613,448) 118,446,418 (the "Termination Amount"). The Assuming Institution and the Receiver hereby acknowledge that the amount of shared shared-loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount.

Appears in 1 contract

Samples: Termination Agreement (East West Bancorp Inc)

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Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution shall pay or cause to be paid to the Receiver by wire transfer in immediately available funds Six funds, Fifteen Million Six One Hundred Thirteen Eight Thousand Four Three Hundred Forty Eight Ninety Three Dollars ($6,613,44815,108,393) (the "Termination Amount"). The Assuming Institution and the Receiver hereby acknowledge that the amount of shared shared-loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount.

Appears in 1 contract

Samples: Termination Agreement (National Bank Holdings Corp)

Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution Receiver shall pay or cause to be paid to the Receiver Assuming Institution by wire transfer in immediately available funds Six Three Million Six One Hundred Thirteen Thousand Four Hundred Forty Eight Dollars ($6,613,4483,100,000) (the "Termination Amount"). The Assuming Institution and the Receiver hereby acknowledge that the amount of shared shared-loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount.

Appears in 1 contract

Samples: Termination Agreement (Community Bankers Trust Corp)

Payment of Termination Amount. Within two Business Days after the Closing Date, subject to the satisfaction or waiver in writing of the conditions precedent set forth herein, the Assuming Institution shall pay or cause to be paid to the Receiver by wire transfer in immediately available funds Six funds, Three Million Twenty Eight Thousand Six Hundred Thirteen Thousand Four Hundred Forty Eight Seventy Two Dollars ($6,613,4483,028,672) (the "Termination Amount"). The Assuming Institution and the Receiver hereby acknowledge that the amount of shared shared-loss claims filed by the Assuming Institution but not yet paid by the Receiver were accounted for in the calculation of the Termination Amount.. 2.2

Appears in 1 contract

Samples: Termination Agreement (Capital Bank Financial Corp.)

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