Adjustment Payment Date Sample Clauses

Adjustment Payment Date. A. On the fifteenth (15th) day after the Closing Date or such earlier date as may be agreed to in writing by the parties (the "Adjustment Payment Date"), Seller shall deliver the following documents to Purchaser: (i) A statement setting forth (a) the aggregate amount of Deposit Liabilities and the Accrued Deposit Interest thereon transferred to and assumed by Purchaser, calculated as of the close of business on the day immediately before the Closing Date; and (b) any corrections to the information contained in the Deposit Listing (as defined in Section 6.8) delivered to the Purchaser on the Closing Date; (ii) A statement of the Purchased Loans as of the close of business on the day immediately before the Closing Date, setting forth the aggregate unpaid principal amount of such Purchased Loans and the Accrued Loan Interest and listing, for each such Purchased Loans, the name and address of the borrower, the unpaid principal amount thereof interest rate thereon and the amount of the Accrued Loan Interest; (iii) A statement of the actual proration amounts to be paid in accordance with Section 1.6 hereof as of the start of business on the Closing Date; and (iv) A closing statement for execution by the parties. B. If the statement delivered in accordance with the foregoing subsection A requires an adjustment to be made to the Transfer Payment, Seller or Purchaser, as the case may be, shall make an adjustment payment to the other party (the "Adjustment Payment") to correct any discrepancy between the amount of the estimated Transfer Payment paid under Section 1.3 and the amount of the Transfer Payment as finally determined pursuant to Section 1.