Restructured Loans. For any Restructured Loan included in a sale under Section 4.1, a gain or loss will be calculated as follows: (i) the sale price received by the Assuming Institution; minus (ii) the net present value of estimated cash flows on the Restructured Loan that was used in the calculation of the related Restructuring Loss; plus (iii) loan principal payments collected by the Assuming Institution from the effective date on which the Loan was restructured to the date of sale, in accordance with the methodologies set forth in Exhibits 2e(1)-(3).
Appears in 20 contracts
Samples: Purchase and Assumption Agreement (Talmer Bancorp, Inc.), Purchase and Assumption Agreement (Talmer Bancorp, Inc.), Purchase and Assumption Agreement (Hilltop Holdings Inc.)
Restructured Loans. For any Restructured Loan included in a sale under Section 4.14. 1, a gain or loss will be calculated as follows:
(i) the sale price received by the Assuming Institution; minus
(ii) the net present value of estimated cash flows on the Restructured Loan that was used in the calculation of the related Restructuring Loss; plus
(iii) loan principal payments collected by the Assuming Institution from the effective date on which the Loan was restructured to the date of sale, in accordance with the methodologies set forth in Exhibits 2e(1)-(3).
Appears in 1 contract
Samples: Purchase and Assumption Agreement (First California Financial Group, Inc.)
