Common use of Receiver’s Relocation Right Clause in Contracts

Receiver’s Relocation Right. If the Receiver or the Corporation determine that the space provided by the Assuming Institution is inadequate or unsuitable, the Receiver and Basic P&A Agreement – 2/26/15 30 Doral Bank Version 6.4P – PURCHASE AND ASSUMPTION AGREEMENT San J▇▇▇, PR the Corporation may relocate to other quarters having adequate and suitable FDIC Office Space and the costs of relocation shall be borne by the Assuming Institution and any rental and utility costs for the balance of the period of occupancy by the Receiver and the Corporation shall paid in accordance with 4.11(b).

Receiver’s Relocation Right. If the Receiver or the Corporation determine that the space provided by the Assuming Institution is inadequate or unsuitable, the Receiver and Basic P&A Agreement – 2/26/15 30 Doral Bank Version 6.4P – PURCHASE AND ASSUMPTION AGREEMENT San J▇▇▇▇, PR the Corporation may relocate to other quarters having adequate and suitable FDIC Office Space and the costs of relocation shall be borne by the Assuming Institution and any rental and utility costs for the balance of the period of occupancy by the Receiver and the Corporation shall paid in accordance with 4.11(b).