Failure to Administer. If the Assuming Institution fails to administer any Shared-Loss Asset in accordance with the provisions of Article 3, the Receiver may determine that such asset will not be treated as a Shared-Loss Asset pursuant to this Agreement. Module 1 β Whole Bank w/ Optional Shared Loss Agreements Coastal Bank Version 3.01 β Commercial Shared-Loss Agreement Cocoa Beach, FL December 8, 2010
Appears in 2 contracts
Sources: Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (Bond Street Holdings Inc)