Common use of Purchase Price and Payment Date Clause in Contracts

Purchase Price and Payment Date. Each Acquired Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Acquired Asset minus the Related Liability Amount applicable to such Acquired Asset, in each case determined as of the applicable Put Date. If the difference between the Repurchase Price and the Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of the difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of the difference. The Assuming Institution or the Receiver, as the case may be, shall pay the amount determined pursuant to this Section 3.4 not later than the twentieth (20th) Business Day following the applicable Put Date, Whole BankVersion 7.2 – Purchase and Assumption Agreement 10 Xxx Xxxx xx XxxxxxxXxxxxxxxx Xxxx, Xxxxxxx together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date on which payment is made.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Fidelity Southern Corp)

AutoNDA by SimpleDocs

Purchase Price and Payment Date. Each Acquired Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Acquired Asset minus less the Related Liability Amount applicable to such Acquired Asset, in each case determined as of the applicable Put Date. If the difference between the such Repurchase Price and the such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of the such difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of the such difference. The Assuming Institution or the Receiver, as the case may be, shall pay the amount purchase price determined pursuant to this Section 3.4 3.4(e) not later than the twentieth (20th) Business Day Whole Bank w/ Optional Shared Loss Agreements Version 4.2.2 – Purchase And Assumption Agreement June 1, 2012 10 Xxxxxx Xxxxx Xxxx Xxxxxxx, Xxxxxxx following the applicable Put Date, Whole BankVersion 7.2 – Purchase and Assumption Agreement 10 Xxx Xxxx xx XxxxxxxXxxxxxxxx Xxxx, Xxxxxxx together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date on upon which payment is made.

Appears in 1 contract

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

Purchase Price and Payment Date. Each Acquired Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Acquired Asset minus less the Related Liability Amount applicable to such Acquired Asset, in each case determined as of the applicable Put Date. If the difference between the such Repurchase Price and the such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of the such difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of the such difference. The Assuming Institution or the Receiver, as the case may be, shall pay the amount purchase price determined pursuant to this Section 3.4 3.4(e) not later than the twentieth (20th) Business Day Day Module 1 Whole Bank w/ Optional Shared Loss Agreements Version 3.3.1 – PURCHASE AND ASSUMPTION AGREEMENT December 7, 2011 00 Xxxxxxx Xxxx xx Xxxxxxx Xxxxxxxxx, XX following the applicable Put Date, Whole BankVersion 7.2 – Purchase and Assumption Agreement 10 Xxx Xxxx xx XxxxxxxXxxxxxxxx Xxxx, Xxxxxxx together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date on upon which payment is made.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Ameris Bancorp)

AutoNDA by SimpleDocs

Purchase Price and Payment Date. Each Acquired Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Acquired Asset minus less the Related Liability Amount applicable to such Acquired Asset, in each case determined as of the applicable Put Date. If the difference between the such Repurchase Price and the such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount Module 1 – Whole Bank w/ Loss Share – P&A Version 2.02 March 19, 2010 00 XXXXXX XXXX LOWELL, MASSACHUSETTS of the such difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of the such difference. The Assuming Institution or the Receiver, as the case may be, shall pay the amount purchase price determined pursuant to this Section 3.4 3.4(d) not later than the twentieth (20th) Business Day following the applicable Put Date, Whole BankVersion 7.2 – Purchase and Assumption Agreement 10 Xxx Xxxx xx XxxxxxxXxxxxxxxx Xxxx, Xxxxxxx together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date on upon which payment is made.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (People's United Financial, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!