Loss Calculations. Losses on Shared-Loss Loans shall be calculated in the form, and determined in accordance with, the methodologies set forth in the respective Exhibits attached to this Agreement as follows: (i) Restructuring Losses shall be determined in accordance with Exhibits 2a(1)-(3); (ii) Deficiency Losses shall be reported as Restructuring Losses and, if applicable, the net present value of a modified Shared-Loss Loan shall be determined in accordance with Exhibits 2a(1)-(3), as applicable; (iii) Modification Default Losses shall be determined in accordance with Exhibits 2a(1)-(3), as applicable;
Appears in 4 contracts
Sources: Purchase and Assumption Agreement (CenterState Banks, Inc.), Purchase and Assumption Agreement (Ameris Bancorp), Purchase and Assumption Agreement (First California Financial Group, Inc.)
Loss Calculations. Losses on Shared-Loss Loans shall be calculated in the form, and determined in accordance with, the methodologies set forth in the respective Exhibits attached to this Agreement as follows:
(i) Restructuring Losses shall be determined in accordance with Exhibits 2a(1)-(3);
(ii) Deficiency Losses shall be reported as Restructuring Losses and, if applicable, the net present value of a modified Shared-Loss Loan shall be determined in accordance with Exhibits 2a(1)-(3), as applicable;
(iii) Modification Default Losses shall be determined in accordance with Exhibits 2a(1)-(3), as applicable; (iv) Short-Sale Losses shall be determined in accordance with Exhibits 2b(1)-(3);
Appears in 1 contract
Sources: Purchase and Assumption Agreement (1st United Bancorp, Inc.)