SaPer, not saying I am totally correct but the following may be close.
Amended POR 7-Tells US BIG MONEY INSIDE BK CASE BUT Signatures MUST Happen First BUT B4 Closure
WMI's sub's outside the bank ( and bank sub's ) aside as a separate issue it spelled out in the P&A
Assets of Ban shall be purchased for the amount, or the amount resulting from the method specified for determining the amount, as specified on Schedule 3.2, except as otherwise may be provided the Failed Ban subject to an option to purchase or other asset purchased for which no purchase price is specified on Schedule 3.2 or otherwise herein shall be purchased at its Book Value. Loans or other assets charged off the Accounting Records of the herein.
SCHEDULE 3.2 - Purchase Price of Assets
(a) cash and receivables from depository Book Value institutions, including cash items in the process of collection, plus interest thereon: securities (exclusive of
(b) the capital stock of Market Value Acquired Subsidiaries), plus interest thereon:
(c) federal funds sold and repurchase Book Value agreements, if any, including interest thereon:
(d) Loans: Book Value
(e) Other Real Estate: Book Value
(f) credit card business, if any, including all Book Value outstanding extensions of credit:
(g) Safe Deposit Boxes and related business, safekeeping business and trust business, if Book Value any:
(h) Records and other documents: Book Value
(i) capital stock of any Acquired Subsidiaries: Book Value
(j) amounts owed to the Failed Ban by any Book Value Acquired Subsidiary:
(k) assets securing Deposits of public money, Book Value to the extent not otherwise purchased hereunder:
(l) Overdrafts of customers: Book Value
Did JPM get WMBfsb? Yes, BUT THEY HAVE TO PAY JUST LIKE IT SAYS in Amended POR 7. That might be a hair-splitting difference but that's the way it is.
Have I told you lately how much more I really love my Escrow ShareMarkers which continues to grow immensely every single day forward?
