Common use of True-Up Clause in Contracts

True-Up. Pursuant to Section 2.5 of this Agreement, the following calculation applies to determine any payment due by the Assuming Institution to the Receiver on the True-Up Date. All capitalized terms used in this Exhibit 2.5 have the meanings defined or referenced in Article 8 of this Agreement.

Appears in 18 contracts

Samples: Purchase and Assumption Agreement (HCBF Holding Company, Inc.), Purchase and Assumption Agreement (Talmer Bancorp, Inc.), Purchase and Assumption Agreement (Hilltop Holdings Inc.)

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True-Up. Pursuant to Section 2.5 2.5(a) of this Agreement, the following calculation applies to determine any payment due by the Assuming Institution to the Receiver on the True-Up Date. All capitalized terms used in this Exhibit 2.5 have the meanings defined or referenced in Article 8 of this Agreement.

Appears in 10 contracts

Samples: Purchase and Assumption Agreement (Talmer Bancorp, Inc.), Purchase and Assumption Agreement (Certusholdings, Inc.), Purchase and Assumption Agreement (Charter Financial Corp/Ga)

True-Up. Pursuant to Section 2.5 2.5(a) of this Agreement, the following calculation applies to determine any payment due by the Assuming Institution to the Receiver on the True-Up Date. All capitalized terms used in this Exhibit 2.5 have the meanings defined or referenced in Article 8 of this Agreement.. X = A-(B+C+D) Where:

Appears in 6 contracts

Samples: Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (Certusholdings, Inc.), Purchase and Assumption Agreement (BNC Bancorp)

True-Up. Pursuant to Section 2.5 of this Agreement, the following calculation applies to determine any payment due by the Assuming Institution to the Receiver on the True-Up Date. All capitalized terms used in this Exhibit 2.5 have the meanings defined or referenced in Article 8 of this Agreement.. X = A-(B+C+D) Where:

Appears in 1 contract

Samples: Purchase and Assumption Agreement (SCBT Financial Corp)

True-Up. Pursuant to Section 2.5 of this Agreement, the following calculation applies to determine any payment due by the Assuming Institution to the Receiver on the True-Up Date. All capitalized terms used in this Exhibit 2.5 have the meanings defined or referenced in Article 8 of this Agreement.. X = (A(B-C))-D Where: X = the amount payable to the Receiver pursuant to Section 2.5 A = 25% of the product of (i) multiplied by (ii), where

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Fidelity Southern Corp)

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True-Up. Pursuant to Section 2.5 2.5(a) of this Agreement, the following calculation applies to determine any payment due by the Assuming Institution to the Receiver on the True-Up Date. All capitalized terms used in this Exhibit 2.5 have the meanings defined or referenced in Article 8 of this Agreement.. X = (A(B-C))-D Where:

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Hilltop Holdings Inc.)

True-Up. Pursuant to Section 2.5 of this Agreement, the following calculation applies to determine any payment due by the Assuming Institution to the Receiver on the True-Up Date. All capitalized terms used in this Exhibit 2.5 have the meanings defined or referenced set forth in Article 8 of this Agreement.

Appears in 1 contract

Samples: Shared Loss Agreement (First Citizens Bancshares Inc /De/)

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