Loss Sharing Agreement Fdic

– 2: A summary report on the commercial and other portfolio and the losses and recoveries covered In addition to the notification provisions set out in point 13.7 of the sales and take-back contract, any communication, request, request, consent, authorization or other communication (a „communication“) that is made to the company and/or the beneficiary in the context of loss sharing is made as follows: (c) limit payment to the allocation of losses. The beneficiary shall not be required to make payments in accordance with this Section 2.1 in respect of the withdrawal of an asset at shared loss which the beneficiary or entity finds, on the basis of the audit criteria, should not have been made by the receiving entity; provided that the beneficiary informs the absoratary institution, indicating the reasons for the non-payment, (y) that the beneficiary gives the absorsorant institution a reasonable opportunity to remedy this irregularity and (z) (1) to the extent that it is cured, when cured, the beneficiary must make the payment in respect of the withdrawals made correctly and (2) to the extent that it is not solvent; The recipient must make a payment for all offs (or part of the offs) that should have been paid in off lots if the exchange institution had correctly performed this lot-off. (iv) with the exception of the sale of portfolios, sale or other disposals of real estate, ORE or subsidiaries to a person other than a related entity of the buying institution, carried out in an economically reasonable and prudent manner, or other sales or disposals authorized by the recipient, securities that have suffered shared losses on a person are liable for losses resulting from the sale or other disposal of assets at shared loss, do not constitute levies. (iii) No dispute may be submitted to a Review Panel by either Party to this Joint Loss Agreement unless that Party has provided the other Party with a written submission on the dispute („Dispute Submission“).