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Common use of Use of Special Legal Powers Clause in Contracts

Use of Special Legal Powers. The Receiver may direct usage by the Assuming Institution of any special legal powers of the Receiver or the Corporation. The Assuming Institution shall:

Appears in 16 contracts

Sources: Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (First Financial Holdings Inc /De/)

Related Clauses

  • Use of Sub-Advisor’s Name
  • Use of Trust or Manager’s Name
  • Certification Regarding Use of State Funds
  • Use of Communication Services
  • RECEIPT AND PUBLICATION OF NOTICES

Parent Clauses

  • Miscellaneous
  • Venue
  • Treatment of Net ORE Loss Carryforward
  • Utilization by the Assuming Institution of Special Receivership Powers
  • Survival of Covenants, Etc

Sub-Clauses

  • Sales of Shared-Loss Assets
  • Sales with the Receiver’s Consent
  • Sales Required by the Receiver
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