Common use of Shared-Loss Loans Clause in Contracts

Shared-Loss Loans. For each Shared-Loss Loan, a completed schedule, substantially in the form of Exhibit 1, which provides for the following items, among others: (i) the Applicable Percentage of the sum of: (A) the total Monthly Loss Amount for all Shared-Loss Loans; and (B) the total monthly Recovery Amount for all Shared-Loss Loans; (ii) the total monthly Collections on Fully Charged-Off Assets; (iii) the total Covered Loss or Covered Gain; (iv) the Cumulative Loss Amount as of the beginning and as of the end of the Shared-Loss Month; (v) a summary of Shared-Loss Loans for which Loss Amounts (calculated in accordance with the applicable Exhibit) are claimed, of the related Loss Amount for each Shared-Loss Loan and of the total Monthly Loss Amount for all Shared-Loss Loans; and (vi) a summary of Shared-Loss Loans for which Recovery Amounts were received by the Assuming Institution, of the Recovery Amount for each Shared-Loss Loan and of the total Recovery Amount for all Shared-Loss Loans.

Appears in 9 contracts

Samples: Purchase and Assumption Agreement (Talmer Bancorp, Inc.), Purchase and Assumption Agreement (Hilltop Holdings Inc.), Purchase and Assumption Agreement (Certusholdings, Inc.)

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Shared-Loss Loans. For each Shared-Loss Loan, a completed schedule, substantially in the form of Exhibit 1, which provides for the following items, among others: (i) the Applicable Percentage of the sum of: (A) the total Monthly Loss Amount for all Shared-Loss Loans; andand Loans; (B) the total monthly Recovery Amount for all Shared-Loss Loans;Loss (ii) the total monthly Collections on Fully Charged-Off Assets; (iii) the total Covered Loss or Covered Gain; (iv) the Cumulative Loss Amount as of the beginning and as of the end of the Shared-Loss Month; (v) a summary of Shared-Loss Loans for which Loss Amounts (calculated in accordance with the applicable Exhibit) are claimed, of the related Loss Amount for each Shared-Loss Loan and of the total Monthly Loss Amount for all Shared-Shared- Loss Loans; and (vi) a summary of Shared-Loss Loans for which Recovery Amounts were received by the Assuming Institution, of the Recovery Amount for each Shared-Shared- Loss Loan and of the total Recovery Amount for all Shared-Loss Loans.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

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