Common use of Monthly Certificates Clause in Contracts

Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Institution shall deliver to the Receiver a certificate, signed by an officer of the Assuming Institution involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss Loans

Appears in 1 contract

Sources: Purchase and Assumption Agreement (First Citizens Bancshares Inc /De/)

Monthly Certificates. Not later than fifteen (15) days after the end of each Shared-Loss Month, beginning with the month in which the Commencement Date occurs and ending in the month in which the tenth anniversary of the Commencement Date occurs, the Assuming Institution Bank shall deliver to the Receiver a certificate, signed by an officer of the Assuming Institution Bank involved in, or responsible for, the administration and servicing of the Single Family Shared-Loss LoansLoans whose name appears on a list of servicing officers furnished by the Assuming Bank to the Receiver, (a

Appears in 1 contract

Sources: Purchase and Assumption Agreement (City National Corp)