Don't everyone get excited! this pertains to the RMBs settlement with The Royal Bank of Scotland.
This Settlement and Release Agreement ("Agreement") is made as of this 27th day of
January, 2021, by, between, and among the following undersigned parties ( collectively,
"Parties," and each a "Pa1ty"): the Federal Deposit Insurance Corporation ("FDIC") as Receiver
for United Western Bank ("FDIC-R"), on the one hand, and RBS Acceptance Inc., NatWest
Markets Securities Inc. (f/k/a RBS Securities Inc.), and RBS Holdings USA Inc. (collectively,
"RBS"), on the other.
. Payment of the Settlement Funds. As an essential covenant and condition to this
Agreement, and as consideration for the releases and dismissals contained herein, RBS
shall pay or cause to be paid SIXTEEN MILLION FOUR HUNDRED-THOUSAND
DOLLARS ($16,400,000) to the FDIC-R ("Settlement Funds") within 30 days of the
effective date of this Agreement ("Payment Date"). N