Common use of Receiver’s Right to Withhold Payment Clause in Contracts

Receiver’s Right to Withhold Payment. Notwithstanding any other provision of this Article 2, the Receiver may withhold all or any portion of a payment to the Assuming Institution of the amount requested in a Quarterly Certificate if the Receiver determines that:

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.)

AutoNDA by SimpleDocs

Receiver’s Right to Withhold Payment. Notwithstanding any other provision of this Article 2, the Receiver may withhold all or any portion of a payment to the Assuming Institution of the amount requested in a Quarterly Monthly Certificate if the Receiver or the Corporation determines that:

Appears in 38 contracts

Samples: Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (Talmer Bancorp, Inc.)

AutoNDA by SimpleDocs

Receiver’s Right to Withhold Payment. Notwithstanding any other provision of this Article 22 to the contrary, the Receiver may elect to withhold all or any portion of a payment to the Assuming Institution of the amount requested in a Quarterly Certificate (a “Withheld Amount”) if the Receiver determines that:

Appears in 3 contracts

Samples: Shared Loss Agreement (First Citizens Bancshares Inc /De/), Shared Loss Agreement, Single Family Shared Loss Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.