Account Liabilities Clause Samples

Account Liabilities. All liabilities for payment of non-certificate deposits given an account number maintained at the Branches or assigned to the Branches in the ordinary course pursuant to Seller’s accounting system, including, without limitation, all savings accounts, money market deposit accounts, checking and NOW accounts and ▇▇▇ savings accounts (except for ▇▇▇ accounts transferred at the request of a depositor as provided in Section 4.2(A)), in each case as of the close of business on January 31, 2010 (the “Cut-Off Date Accounts”), all of which shall be listed in full on Schedule 1.2A.1 hereto (the “Account Balance”), together with any changes in the Cut-Off Date Accounts and all new non-certificate accounts from January 31, 2010, through the close of business on the day immediately before the Closing Date (the “Interim Accounts”) (the Cut-Off Date Accounts and Interim Accounts, in each case as of the close of business on the day immediately before the Closing Date are hereinafter collectively referred to as the “Accounts” or the “Account Liabilities”), in accordance with the terms of the agreements pertaining to such Accounts, together with interest accrued thereon but unpaid as of the close of business on the day immediately before the Closing Date (the “Accrued Account Interest”). Said Account Liabilities and Accrued Account Interest shall be specified in Schedule 1.2A.2 to be prepared by Seller and be attached hereto and made a part hereof as of the Closing Date.