Common use of Sold Loans Clause in Contracts

Sold Loans. The term "Sold Loans" means (a) any and all loans or extensions of credit of any nature made by any of the 1st Financial Companies which have been sold to any investor or other purchaser, and (b) any and all interests or participations in loans or extensions of credit of any nature made by any of the 1st Financial Companies which have been sold to any investor or other purchaser.

Appears in 2 contracts

Samples: Agreement and Plan (1st Financial Services CORP), Plan of Merger (1st Financial Services CORP)

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Sold Loans. The term "β€œSold Loans" ” means (a) any and all loans or extensions of credit of any nature made by any of the 1st Financial Companies which have been sold to any investor or other purchaser, and (b) any and all interests or participations in loans or extensions of credit of any nature made by any of the 1st Financial Companies which have been sold to any investor or other purchaser.

Appears in 1 contract

Samples: Agreement and Plan of Merger

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Sold Loans. The term "Sold Loans" means (a) any and all loans or extensions of credit of any nature made by any of the 1st Financial Cordia Companies which have been sold to any investor or other purchaser, and (b) any and all interests or participations in loans or extensions of credit of any nature made by any of the 1st Financial Cordia Companies which have been sold to any investor or other purchaser.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cordia Bancorp Inc)

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