Common use of Shared-Loss Quarters Clause in Contracts

Shared-Loss Quarters. Within thirty (30) days after the end of each Shared-Loss Quarter, the Assuming Institution shall deliver to the Receiver a Quarterly Certificate setting forth the following information with respect to each such Shared-Loss Quarter, in such form and detail as the Receiver may specify from time to time: (i) Charge-Offs with respect to Shared-Loss Assets; (ii) Recoveries; (iii) collections on Assets on which a Failed Bank Charge-Off has been effected; (iv) aggregate Charge-Offs less Recoveries; (v) Reimbursable Expenses; and (vi) ORE Income.

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.)

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