Office Space for Receiver and Corporation. For the period commencing on the day following the Bank Closing Date and ending on the one hundred fiftieth (150th) day following the Bank Closing Date (subject to the Receiver’s right to an extension as provided in Section 4.11(b) of the Primary P&A Agreement), Purchaser agrees to provide the Receiver, without charge, adequate and suitable “FDIC Office Space” (as defined in the Primary P&A Agreement) at the Bank Premises occupied by Purchaser, to promptly reimburse the Receiver for any relocation costs and to pay any occupancy related invoices, in each case, to the extent provided in Section 4.11 of the Primary P&A Agreement (either directly or, if not possible, through Seller).
Appears in 1 contract
Sources: Purchase and Assumption Agreement (Home Bancshares Inc)
Office Space for Receiver and Corporation. For the period commencing on the day following the Bank Closing Date and ending on the one hundred fiftieth (150th) day following the Bank Closing Date (subject to the Receiver’s right to an extension as provided in Section 4.11(b) of the Primary P&A Agreement), Purchaser agrees to provide the ReceiverReceiver to the extent it is requested by the Receiver of Purchaser as an Alliance Bidder, without charge, adequate and suitable “FDIC Office Space” (as defined in the Primary P&A Agreement) at the Bank Premises occupied by Purchaser, to promptly reimburse the Receiver for any relocation costs and to pay any occupancy related invoices, in each case, to the extent provided in Section 4.11 of the Primary P&A Agreement (either directly or, if not possible, through Seller).
Appears in 1 contract
Sources: Purchase and Assumption Agreement (First Bancorp /Pr/)