Examples of Prior Transferor in a sentence
The Company acknowledges and agrees that, upon assumption of the Obligations with respect to the Assets, it assumes and agrees to fulfill all of the Transferor’s and/or the Failed Bank’s Obligations under the contracts of insurance or guaranty (including as may have been reflected thereunder as being of the Prior Transferor and/or the Prior Failed Bank).
The Company hereby releases the Transferor, the FDIC and the Failed Bank (and the Prior Transferor and the Prior Failed Bank) from any claim, demand, suit or cause of action the Company may have as a result of any action or inaction on the part of the Transferor, the FDIC or the Failed Bank (or the Prior Transferor or the Prior Failed Bank) with respect to such Asset.
The Initial Member (including as Transferor and Prior Transferor) and, as to those provisions of this Agreement which expressly grant rights to its Related Persons, such Related Persons, will be and is each hereby designated as a third party beneficiary under this Agreement; and, in connection with the foregoing, the Initial Member is entitled to enforce this Agreement, for itself and on behalf of its Related Persons, as if the Initial Member were a party hereto.
As a matter of federal law, 12 U.S.C. § 1821(d)(2)(A)(i), FDIC as Receiver of Signature Bank succeeded to all of the right, title, and interest of Signature Bank in and to, among other things, the Property; 9 Note to form: Form to be adjusted, where relevant, to include, or as a separate form to cover, the transfer from the Prior Transferor to Transferor.
By operation of law, FDIC as Receiver of Signature Bridge Bank assumed the Transferred Assets.] 7 Note to form: Options to be selected, and form to be adjusted, as applicable, to include (or, if necessary, to create a separate form to cover) the transfer from the Prior Transferor to Transferor.
FEDERAL DEPOSIT INSURANCE CORPORATION IN ITS CAPACITY AS RECEIVER FOR SIGNATURE BRIDGE BANK, N.A. [AND FOR SIGNATURE BANK, NEW YORK, NEW YORK] Dated as of [Insert Date] By: Name: Title: 2 Note to form: Form to be adjusted, where relevant, to include, or as a separate form to cover, the transfer from the Prior Transferor to Transferor.