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Common use of ASSUMPTION OF CERTAIN DUTIES AND OBLIGATIONS Clause in Contracts

ASSUMPTION OF CERTAIN DUTIES AND OBLIGATIONS. The Assuming Bank agrees with the Receiver and the Corporation as follows:

Appears in 279 contracts

Sources: Purchase and Assumption Agreement, Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (FCB Financial Holdings, Inc.)

Related Clauses

  • Assumption of Certain Liabilities
  • Payments on Termination and Survival of Certain Rights and Obligations
  • Assumption of Liabilities and Obligations
  • Survival of Certain Representations and Obligations
  • Rights and Obligations on Termination

Parent Clauses

  • REPRESENTATIONS AND WARRANTIES OF THE ASSUMING INSTITUTION
  • DUTIES WITH RESPECT TO DEPOSITORS OF THE
  • Assumption of Certain Duties and Obligations
  • SCHEDULES
  • RECORDS

Sub-Clauses

  • Continuation of Banking Business
  • Facilitation
  • Option to Lease
  • Option to Purchase
  • Informational Tax Reporting
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