Common use of Permitted Advances and Amendments Clause in Contracts

Permitted Advances and Amendments. Pursuant to this Agreement, certain advances in respect of a Shared-Loss Loan and certain amendments in respect of a Shared-Loss Loan or a Shared-Loss Loan Commitment made by the Assuming Institution may be permissible additions to the Book Value of the Shared-Loss Assets, and entitle such Shared-Loss Assets to retain their status as such, if they satisfy certain criteria, as set forth below:

Appears in 41 contracts

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

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Permitted Advances and Amendments. Pursuant to this Agreement, certain advances in with respect of to a Shared-Loss Loan and certain amendments in with respect of to a Shared-Loss Loan or a Shared-Loss Loan Commitment made by the Assuming Institution may shall be considered permissible additions to the Book Value of the respective Shared-Loss Assets, Asset and shall entitle such Shared-Loss Assets Asset to retain their its status as such, if they satisfy certain criteria, as set forth below, are satisfied:

Appears in 1 contract

Samples: Commercial Shared Loss Agreement

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