Common use of Transfer of Failed Bank Records Clause in Contracts

Transfer of Failed Bank Records. In accordance with Sections 2.1 and 3.1, the Receiver assigns, transfers, conveys and delivers to the Assuming Institution, wherever located, any and all Failed Bank Records, other than the following: (a) Failed Bank Records pertaining to former employees of the Failed Bank who were no longer employed by the Failed Bank as of the Bank Closing Date and Failed Bank Records pertaining to employees of the Failed Bank who were employed by the Failed Bank as of the Bank Closing Date and for whom the Receiver is unable to obtain a waiver to release such Failed Bank Records to the Assuming Institution; (b) Failed Bank Records pertaining to (i) any asset or liability of the Failed Bank retained by the Receiver, and (ii) any asset of the Failed Bank acquired by the Receiver pursuant to this Agreement; and (c) any other Failed Bank Records as determined by the Receiver.

Appears in 17 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement

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Transfer of Failed Bank Records. In accordance with Sections 2.1 and 3.1, the Receiver assigns, transfers, conveys and delivers to the Assuming Institution, wherever locatedwhether located on Bank Premises occupied or not occupied by the Assuming Institution or at any other location, any and all Failed Bank Records, other than the following: : (a) Failed Bank Records pertaining to former employees of the Failed Bank who were no longer employed by the Failed Bank as of the Bank Closing Date and Failed Bank Records pertaining to employees of the Failed Bank who were employed by the Failed Bank as of the Bank Closing Date and for whom the Receiver is unable to obtain a waiver to release such Failed Bank Records to the Assuming Institution; ; (b) Failed Bank Records pertaining to (i) any asset or liability of the Failed Bank retained by the Receiver, and or (ii) any asset of the Failed Bank acquired by the Receiver pursuant to this Agreement; and and (c) any other Failed Bank Records as determined by the Receiver.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (WashingtonFirst Bankshares, Inc.)

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Transfer of Failed Bank Records. In accordance with Sections 2.1 and 3.1, the Receiver assigns, transfers, conveys and delivers to the Assuming Institution, wherever located, any and all Failed Bank Records, other than the following: : (a) Failed Bank Records pertaining to former employees of the Failed Bank who were no longer employed by the Failed Bank as of the Bank Closing Date and Failed Bank Records pertaining to employees of the Failed Bank who were employed by the Failed Bank as of the Bank Closing Date and for whom the Receiver is unable to obtain a waiver to release such Failed Bank Records to the Assuming Institution; ; (b) Failed Bank Records pertaining to (i) any asset or liability of the Failed Bank retained by the Receiver, and (ii) any asset of the Failed Bank acquired by the Receiver pursuant to this Agreement; and and (c) any other Failed Bank Records as determined by the Receiver.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First NBC Bank Holding Co)

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