Summary of this Deck of Flashcards



DeckID70
DeckNamePurchase and Assumption Agreement
DeckDescriptionResolution and Recievership, Settlements, Purchase and Assumption Agreement
Created6/12/2008 7:30:33 AM
AuthorIDed5ad4b9-9df5-4d40-b305-b6589eb5e3e9




FrontBack

Article I

Definitions

Article II

Assumption of Liabilities

Article III

Purchase of Assets

Article IV

Assumption of Certain Duties and Obiligations

Article V

Duties with Respect to Depositiors of the Failed Institution

Article VI

Records

Article VII

Bid; Initial Payment

Article VIII

Adjustments

Article IX

Continuing Cooperation

Article X

Condition Precedent

Article  XI

Representation and Warranties of the Assuming Bank

Article XII

Indemnification

Accounting Records

General Ledger and Supporting Subsidiary ledger and schedules

Affiliate

Director officer, or employee of that person and any other person who is directly or indirectly controlling, or controlled by , or under direct common control with this person.