purchase and assumption agreement whole bank all deposits - FDIC
purchase and assumption agreement whole bank all deposits - FDIC
purchase and assumption agreement whole bank all deposits - FDIC
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ARTICLE V<br />
5.1<br />
5.2<br />
5.3<br />
ARTICLE VI<br />
6.1<br />
6.2<br />
6.3<br />
6.4<br />
ARTICLE VII<br />
ARTICLE VIII<br />
ARTICLE IX<br />
9.1<br />
9.2<br />
9.3<br />
9.4<br />
9.5<br />
9.6<br />
9.7<br />
ARTICLE X<br />
ARTICLE XI<br />
ARTICLE XII<br />
12.1<br />
12.2<br />
12.3<br />
12.4<br />
12.5<br />
12.6<br />
12.7<br />
12.8<br />
ARTICLE XIII<br />
Whole Bank P&A w/Loss Sharing<br />
February 6, 2009<br />
DUTIES WITH RESPECT TO DEPOSITORS<br />
OF THE FAILED BANK........................................................................23<br />
Payment of Checks, Drafts <strong>and</strong> Orders......................................................23<br />
Certain Agreements Related to Deposits ...................................................23<br />
Notice to Depositors ..................................................................................23<br />
RECORDS................................................................................................24<br />
Transfer of Records....................................................................................24<br />
Delivery of Assigned Records ...................................................................24<br />
Preservation of Records .............................................................................25<br />
Access to Records; Copies.........................................................................25<br />
FIRST LOSS AMOUNT .........................................................................25<br />
RESERVED..............................................................................................25<br />
CONTINUING COOPERATION..........................................................25<br />
General Matters..........................................................................................25<br />
Additional Title Documents.......................................................................26<br />
Claims <strong>and</strong> Suits ........................................................................................26<br />
Payment of Deposits ..................................................................................26<br />
Withheld Payments ....................................................................................26<br />
Proceedings with Respect to Certain Assets<br />
<strong>and</strong> Liabilities.................................................................................27<br />
Information ................................................................................................27<br />
CONDITION PRECEDENT ..................................................................28<br />
REPRESENTATIONS AND WARRANTIES OF THE<br />
ASSUMING BANK .................................................................................28<br />
INDEMNIFICATION .............................................................................29<br />
Indemnification of Indemnitees .................................................................29<br />
Conditions Precedent to Indemnification...................................................32<br />
No Additional Warranty ............................................................................33<br />
Indemnification of Corporation <strong>and</strong> Receiver ...........................................33<br />
Obligations Supplemental..........................................................................33<br />
Criminal Claims.........................................................................................33<br />
Limited Guaranty of the Corporation ........................................................34<br />
Subrogation................................................................................................34<br />
MISCELLANEOUS ................................................................................34<br />
iii<br />
Alliance Bank<br />
Culver City, CA