12 Abr Shared Loss Agreement Fdic
In addition to the provisions of Section 13.7 of the sales and acceptance agreement, each notification, request, request, consent, approval or other notification (a «notification») given to the business and/or beneficiary in connection with loss sharing must be explained as follows: – 3: A performance report on commercial assets and other assets outstanding in shares of losses This agreement to repay interest on losses on certain credits and other assets (the «Commercial Shared-Loss Agreement») applies when the sharing institution acquires assets as the act. The terms of this contract amend and complement, if applicable, the terms of the purchase and acceptance agreement to which this shared loss commercial agreement is attached and included in Appendix 4.15B. To the extent that inconsistencies may arise between the terms of the purchase and acceptance agreement and the trade agreement on shared losses relating to the purpose of this shared loss trade agreement, the terms of this shared commercial loss agreement are controlled. References made in this shared loss trade agreement to a specific section refer to a section of that shared loss trade agreement, unless the context specifies only part of the purchase and acceptance agreement. 2.4 Holdings. Notwithstanding the other provisions of this article, the recipient may, on instruction from the Director (or Desatorse) of the Corporation153s Division of Resolutions and Receiverships, withhold payment for all amounts contained in a quarterly certificate delivered in accordance with Section 2.1, if it has been found to be based on shared loss pursuant to this agreement, to refuse the qualification of a position, for reimbursement or payment in accordance with that section. In this case, the recipient sends a written notification to the receiving institution explaining the reasons for not summarizing the payment. If, to the satisfaction of the recipient, the recipient institution explains that the reasons for such withholding or part of the payment no longer exist or have been cured, the recipient pays the recipient institution, within fifteen (15) working days, the amount retained by the beneficiary. In the event that the recipient or receiving body presents the question of the admissibility of the refund or payment element in order to rule in accordance with the dispute resolution procedures provided for in Section 2.1(f), if the dispute is settled by mutual agreement between the parties in accordance with Section 2.1 (f). (iii) the recipient pays the amount withheld within fifteen (15) working days from the date the dispute is settled by the parties, and (ii) if the dispute is resolved by the decision of a review committee, the recipient pays the amount withheld (if any) 4.3 Calculation of profit or loss of sale.