Payments by the Assuming Institution. The Assuming Institution shall pay to the Receiver: (i) an amount equal to the Applicable Percentage of Net Recoveries for each Recovery Quarter; plus (ii) an amount equal to fifty per cent (50%) of any collections on Fully Charged-Off Assets minus fifty per cent (50%) of any Reimbursable Expenses attributable to such Fully Charged-Off Assets.
Appears in 25 contracts
Sources: Purchase and Assumption Agreement (HCBF Holding Company, Inc.), Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (FCB Financial Holdings, Inc.)