Common use of BID; INITIAL PAYMENT Clause in Contracts

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 0.00% of the Assumed Deposits for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 0.00% of the Assumed Deposits $40,000.00 for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing DateClosing) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 0.00% of the Assumed Deposits $2,025,000.00 for the Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing DateClosing) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

BID; INITIAL PAYMENT. The Assuming Bank has submitted to the Receiver a positive bid of 0.00% of the Assumed Deposits $1,888,000,000.00 for the Assets purchased and Liabilities Assumed hereunder (the "“Bid Amount"”). On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing DateClosing) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.