Right of Receiver or Corporation to Audit. The Receiver or the Corporation, their respective agents, contractors and employees, may (but are not required to) perform an audit to determine the Assuming Institution’s compliance with this Agreement at any time, by providing not less than ten (10) Business Days prior notice. The scope and duration of any such audit shall be at the discretion of the Receiver or the Corporation, as the case may be. The Receiver or the Corporation, as the case may be, shall bear the expense of any such audit. In the event that any corrections are necessary as a result of such an audit, the Assuming Institution and the Receiver shall make such accounting adjustments, payments and withholdings as may be necessary to give retroactive effect to such corrections.
Right of Receiver or Corporation to Audit. The Receiver or the Corporation, their respective agents, contractors and employees, may (but are not required to) perform an audit to determine the Assuming Institution’s compliance with this Agreement at any time, by providing not less than ten (10) Business Days prior notice. The scope, duration and location of any such audit shall be at the discretion of the Receiver or the Corporation, as the case may be, and may be conducted at the Assuming Institution’s place or places of business or otherwise. The Receiver or the Corporation, as the case may be, shall bear the expense of any such audit. In the event that any corrections are necessary as a result of such an audit, the Assuming Institution and the Receiver shall make such accounting adjustments, payments and withholdings as may be necessary to give retroactive effect to such corrections.
Right of Receiver or Corporation to Audit. The Receiver or the Corporation, their respective agents, contractors and employees, may perform an audit to determine the Assuming Institution's compliance with this Agreement at any time, by providing not less than ten
Right of Receiver or Corporation to Audit. The Receiver or the Corporation, their respective agents, contractors and employees, may (but are not required to) perform an audit to determine the Assuming Institution’s compliance with this Agreement at any time, by providing not less than ten (10) Business Days prior notice. The scope, duration and
Right of Receiver or Corporation to Audit. The Receiver or the Corporation, their respective agents, contractors and employees, may (but are not required to) perform an audit to determine the Assuming Institution’s compliance with this Agreement at any time, by providing not less than ten (10) Business Days prior notice. The scope and duration of any such audit shall be at the discretion of the Receiver or the Corporation, as the case may be. The Receiver or the Corporation, as the case may be, shall bear the expense of any such audit. In the event that any corrections are necessary as a result of such an audit, the Assuming Institution and the Receiver shall make such accounting adjustments, payments and withholdings as may be necessary to give retroactive effect to such corrections. Module 1 — Whole Bank w/ Optional Shared Loss Agreements First Peoples Bank Version 3.1.1 — Purchase and Assumption Agreement Port St. Lucie, Florida April 27, 2011
Right of Receiver or Corporation to Audit. The Receiver or the Corporation, their respective agents, contractors and employees, may (but are not required to) perform an audit to determine the Assuming Institution’s compliance with this Agreement at any time, by providing not less than ten (10) Business Days’ prior notice. The scope and duration of any such audit shall be at the discretion of the Receiver or the Corporation, as the case may be. The Receiver or the Corporation, as the case may be, shall bear the expense of any such audit. In the event that any corrections are necessary as a result of such an audit, the Assuming Institution and the Receiver shall make such accounting adjustments, payments and withholdings as may be necessary to give retroactive effect to such corrections. [Signature Page Follows] SCHEDULE 2.1(a) EXCLUDED DEPOSIT LIABILITY ACCOUNTS The Failed Bank has no deposits associated with the Depository Organization (DO) Cede & Co as Nominee for DTC. The DO accounts do not pass to the Assuming Institution and are excluded from the transaction. This schedule will be updated post closing with data as of Bank Closing date. SCHEDULE 3.2
Right of Receiver or Corporation to Audit. The Receiver or the Corporation, their respective agents, contractors and employees, may (but are not required to) perform an audit to determine the Assuming Institution’s compliance with this Agreement at any time, by providing not less than ten (10) Business Days prior notice. The scope and duration of any such audit shall be at the Module 1 — Whole Bank w/ Optional Shared Loss Agreements Coastal Bank Version 3.01 — Purchase and Assumption Agreement Cocoa Beach, FL December 8, 2010 discretion of the Receiver or the Corporation, as the case may be. The Receiver or the Corporation, as the case may be, shall bear the expense of any such audit. In the event that any corrections are necessary as a result of such an audit, the Assuming Institution and the Receiver shall make such accounting adjustments, payments and withholdings as may be necessary to give retroactive effect to such corrections.
Right of Receiver or Corporation to Audit. The Receiver or the Corporation, their respective agents, contractors and employees, may (but are not required to) perform an audit to determine the Assuming Institution’s compliance with this Agreement at any time, by providing not less than ten (10) Business Days prior notice. The scope and duration of any such audit shall be at the discretion of the Receiver or the Corporation, as the case may be. The Receiver or the Corporation, as the case may be, shall bear the expense of any such audit. In the event that any corrections are necessary as a result of such an audit, the Assuming Institution and the Receiver shall make such accounting adjustments, payments and withholdings as may be necessary to give retroactive effect to such corrections. SCHEDULE 2.1(a) EXCLUDED DEPOSIT LIABILITY ACCOUNTS FIRST NBC BANK DOES NOT HAVE ANY DEPOSITS ASSOCIATED WITH THE DEPOSITORY ORGANIZATION (DO) CEDE & CO AS NOMINEE FOR DTC AS OF 4/4/17. THE DO ACCOUNTS DO NOT PASS TO THE ASSUMING BANK AND ARE EXCLUDED FROM THE TRANSACTION AS DESCRIBED IN SECTION 2.1 OF THE P&A AGREEMENT. THIS SCHEDULE WILL BE UPDATED POST CLOSING WITH DATA AS OF BANK CLOSING DATE. NOTE: ALL CERTIFICATES OF DEPOSITS ARE EXCLUDED FROM THE TRANSACTION EXCEPT ALL THOSE THAT ARE PLEDGED TO DEPOSIT SECURED LOANS AND TWO (2) CERTIFICATES OF DEPOSIT TOTALING THAT ARE RELATED TO THE TRUST DEPARTMENT. (THERE WERE CERTIFICATES OF DEPOSIT PLEDGED TO DEPOSIT SECURED LOANS TOTALING AS OF 4/4/17.) CERTIFICATES OF DEPOSITS TOTALING FROM THE TRANSACTION. ATTACHED AS AN ELECTRONIC FILE. (EXHIBIT A)- SCHEDULE 2.1(EXHIBIT A).XLSX ARE EXCLUDED XXX ACCOUNTS TOTALING TRANSACTION. ARE EXCLUDED FROM THE ATTACHED AS AN ELECTRONIC FILE. (EXHIBIT B)- SCHEDULE 2.1(EXHIBIT B).XLSX ALL CDARS ARE EXCLUDED FROM THE TRANSACTION. (THERE WERE CDARS AS OF 4/1817) ATTACHED AS AN ELECTRONIC FILE. (EXHIBIT C)- SCHEDULE 2.1(EXHIBT C).XLSX SCHEDULE 3.1(h) ACQUIRED SUBSIDIARIES -NONE- SCHEDULE 3.1(n) ACQUIRED ASSETS IN OPTIONAL LOAN POOLS All Deposit Secured loans (Pool 10 tab) * 520 All Consumer and Credit Card (Pool 20 tab)* 4,970 Single Family Residential (Pool 30 Performing tab)* 941 *See the attached excel file with 3 tabs for Pool 10, 20 and 30 Schedule 3.1(N).xlsx 4/26/2017 8:27 p.m. SCHEDULE 3.1(o) OTHER REAL ESTATE -NONE- SCHEDULE 3.2 PURCHASE PRICE OF ACQUIRED ASSETS
Right of Receiver or Corporation to Audit. The Receiver or the Corporation, their respective agents, contractors and employees, may (but are not required to) perform an audit to determine the Assuming Institution’s compliance with this Agreement at any time, by providing not less than ten (10) Business Days prior notice. The scope and duration of any such audit shall be at the discretion of the Receiver or the Corporation, as the case may be. The Receiver or the Corporation, as the case may be, shall bear the expense of any such audit. In the event that any corrections are necessary as a result of such an audit, the Assuming Institution and the Receiver shall make such accounting adjustments, payments and withholdings as may be necessary to give retroactive effect to such corrections. [Signature Page Follows] Basic P&A Agreement – 2/26/15 50 Doral Bank Version 6.4P – PURCHASE AND ASSUMPTION AGREEMENT San Xxxx, PR
Right of Receiver or Corporation to Audit. The Receiver or the Corporation, their respective agents, contractors and employees, may (but are not required to) perform an audit to determine the Assuming Institution’s compliance with this Agreement at any time, by providing not less than ten (10) Business Days prior notice. The scope, duration and location of any such audit shall be at the discretion of the Receiver or the Corporation, as the case may be, and may be conducted at the Assuming Institution’s place or places of business or otherwise. The Receiver or the Corporation, as the case may be, shall bear the expense of any such audit. In the event that any corrections are necessary as a result of such an audit, the Module 1 – Whole Bank w/ Optional Shared Loss Agreements Version 3.01– PURCHASE AND ASSUMPTION AGREEMENT April 29, 0000 XX-00 Xxxxx Xxxxxx Xxxxxxxxx Xxxx Xxxxxx, XX Assuming Institution and the Receiver shall make such accounting adjustments, payments and withholdings as may be necessary to give retroactive effect to such corrections.
