Common use of ATM and Debit Cards Clause in Contracts

ATM and Debit Cards. Seller will use Commercially Reasonable Efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account information, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file). At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five (45) calendar days nor later than five (5) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit card transactions initiated before or after the Closing with Debit cards issued by Seller to access Transaction Accounts.

Appears in 4 contracts

Samples: Purchase and Assumption Agreement (First Bancorp /Nc/), Purchase and Assumption Agreement (First Community Bancshares Inc /Nv/), Purchase and Assumption Agreement (First Community Bancshares Inc /Nv/)

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ATM and Debit Cards. Seller will use Commercially Reasonable Efforts its reasonable best efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file)files. At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five (45) calendar days nor later than five twenty (520) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit card transactions initiated before or after the Closing with Debit cards issued by Seller to access Transaction Accounts.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Chemung Financial Corp), Lease and Assumption Agreement (Washington Federal Inc), Lease and Assumption Agreement (Washington Federal Inc)

ATM and Debit Cards. Seller will use Commercially Reasonable Efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file). At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five (45) calendar days nor later than five twenty (520) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit card transactions initiated before or after the Closing with Debit cards issued by Seller to access Transaction Accounts.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (HCSB Financial Corp), Purchase and Assumption Agreement (Carolina Financial Corp), Purchase and Assumption Agreement (First Community Bancshares Inc /Nv/)

ATM and Debit Cards. Seller will use Commercially Reasonable Efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file)files. At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five (45) calendar days nor later than five ten (510) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit card transactions initiated before or after the Closing with Debit debit cards issued by Seller to access Transaction AccountsAccounts as long as such transactions would have been paid in accordance with Seller’s standard procedures at the time of the transaction.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Summit Financial Group Inc), Purchase and Assumption Agreement (MVB Financial Corp), Purchase and Assumption Agreement (Summit Financial Group, Inc.)

ATM and Debit Cards. Seller will use Commercially Reasonable Efforts its reasonable best efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file)files. At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five (45) calendar days nor later than five twenty (520) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit debit card transactions initiated before or after the Closing with Debit debit cards issued by Seller to access Transaction Accounts.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (SOUTH STATE Corp), Purchase and Assumption Agreement (FNB Corp/Fl/)

ATM and Debit Cards. Seller will use Commercially Reasonable Efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file)files. At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five (45) calendar days nor later than five twenty (520) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit debit card transactions initiated before or after the Closing with Debit debit cards issued by Seller to access Transaction AccountsAccounts as long as such transactions would have been paid in accordance with Seller’s standard procedures at the time of the transaction.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (FS Bancorp, Inc.), Purchase and Assumption Agreement

ATM and Debit Cards. Seller will use Commercially Reasonable Efforts its reasonable best efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file)files. At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms algorithms, or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five fifty (4550) calendar days nor later than five thirty (530) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit card transactions initiated before or after the Closing with Debit cards issued by Seller to access Transaction Accounts.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Berkshire Hills Bancorp Inc), Purchase and Assumption Agreement (Investors Bancorp, Inc.)

ATM and Debit Cards. Seller will use Commercially Reasonable Efforts its reasonable best efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file)files. At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five fifty (4550) calendar days nor later than five thirty (530) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit card transactions initiated before or after the Closing with Debit cards issued by Seller to access Transaction Accounts.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Sun Bancorp Inc /Nj/), Purchase and Assumption Agreement (Sunshine Bancorp, Inc.)

ATM and Debit Cards. Seller will use Commercially Reasonable Efforts its reasonable best efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file). At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five (45) calendar days nor later than five fifteen (515) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit debit card transactions initiated before or after the Closing with Debit debit cards issued by Seller to access Transaction Accounts, to the extent such transactions would have been paid in accordance with Seller’s standard procedures at the time of the transaction.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First National Corp /Va/)

ATM and Debit Cards. Seller will use Commercially Reasonable Efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file)files. At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers' PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five (45) calendar days nor later than five ten (510) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit card transactions initiated before or after the Closing with Debit cards issued by Seller to access Transaction Accounts.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Hancock Holding Co)

ATM and Debit Cards. (a) Seller will use Commercially Reasonable Efforts its reasonable best efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time records relating to time new or replacement ATM and debit cards issued no later than forty-five (45) days prior to the Closing and weekly thereafter along with other conversion sample files (to include no less than three (3) sample files not including the conversion file)files. At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five (45) calendar days nor later than five twenty (520) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, for the period of time to be mutually agreed upon by the Purchaser and Seller, Purchaser assumes responsibility for and agrees to pay on presentation all Debit card transactions initiated before or after the Closing with Debit cards issued by Seller to access Transaction Accounts.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Berkshire Hills Bancorp Inc)

ATM and Debit Cards. Seller will use Commercially Reasonable Efforts its reasonable best efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file)files. At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five (45) calendar days nor later than five ten (510) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit card transactions initiated before or after the Closing with Debit cards issued by Seller to access Transaction Accounts.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (COMMUNITY BANK NA, a Subsidiary of Community Bank System Inc.)

ATM and Debit Cards. Seller will use Commercially Reasonable Efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any DepositsDeposits or to borrowers of any HELOC Accounts, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time upon reasonable request prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file)files. At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods)) and the completion of the Merger and the Bank Merger, Purchaser shall reissue ATM access/debit cards to depositors of any Deposits and to borrowers of any HELOC Accounts not earlier than forty-five thirty (4530) calendar days nor later than five ten (510) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit debit card transactions initiated before or after the Closing with Debit debit cards issued by Seller to access Transaction Accounts or HELOC Accounts.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Commonwealth Financial Corp /Pa/)

ATM and Debit Cards. Seller will shall use Commercially Reasonable Efforts its reasonable best efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file)files. At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five thirty (4530) calendar days nor later than five fifteen (515) calendar days Business Days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to promptly settle any and all ATM transactions and Debit debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit debit card transactions initiated before or after the Closing with Debit debit cards issued by Seller to access Transaction Accounts.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Bank of Commerce Holdings)

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ATM and Debit Cards. Seller will use Commercially Reasonable Efforts its reasonable best efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file)files. At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five (45) calendar days nor later than five ten (510) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit card transactions initiated before or after the Closing with Debit cards issued by Seller to access Transaction AccountsAccounts as long as such transactions would have been paid in accordance with Seller’s standard procedures at the time of the transaction.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (HomeTrust Bancshares, Inc.)

ATM and Debit Cards. Seller will use Commercially Reasonable Efforts its reasonable best efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file)files. At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five (45) calendar days nor later than five twenty (520) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit debit card transactions initiated before or after the Closing with Debit debit cards issued by Seller to access Transaction Accounts, to the extent that such transactions would have been paid by Seller in accordance with Seller’s standard procedures at the time of the transaction.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Ameris Bancorp)

ATM and Debit Cards. Seller will use Commercially Reasonable Efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any DepositsDeposits or to borrowers of any HELOC Accounts, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty five (305) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time upon reasonable request prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file)files. At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods)) and the completion of the Merger and the Bank Merger, Purchaser shall reissue ATM access/debit cards to depositors of any Deposits and to borrowers of any HELOC Accounts not earlier than forty-five thirty (4530) calendar days nor later than five ten (510) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit debit card transactions initiated before or after the Closing with Debit debit cards issued by Seller to access Transaction Accounts or HELOC Accounts.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (German American Bancorp, Inc.)

ATM and Debit Cards. Seller will use Commercially Reasonable Efforts its reasonable best efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file)files. At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five (45) calendar days nor later than five twenty (520) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit debit card transactions initiated before or after the Closing with Debit debit cards issued by Seller to access Transaction AccountsAccounts with sufficient balances.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First South Bancorp Inc /Va/)

ATM and Debit Cards. Seller will use Commercially Reasonable Efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file)files. At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the later of (x) consummation of the Merger and (y) receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five (45) calendar days nor later than five ten (510) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit card transactions initiated before or after the Closing with Debit debit cards issued by Seller to access Transaction AccountsAccounts as long as such transactions would have been paid in accordance with Seller’s standard procedures at the time of the transaction.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Banner Corp)

ATM and Debit Cards. Seller will use Commercially Reasonable Efforts its reasonable best efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file). At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five (45) calendar days nor later than five twenty (520) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit card transactions initiated before or after the Closing with Debit cards issued by Seller to access Transaction Accounts.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Community Bancshares Inc /Nv/)

ATM and Debit Cards. Seller will use Commercially Reasonable Efforts its reasonable best efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all addresses therefor and secondary account informationtherefor, no later than thirty (30) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file)files. At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five (45) calendar days nor later than five twenty (520) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit debit card transactions initiated before or after the Closing with Debit debit cards issued by Seller to access Transaction Accounts., as long as such transactions would have been paid in accordance with Seller’s standard procedures at the time of the transaction. 4.9

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Cascade Bancorp)

ATM and Debit Cards. Seller will use Commercially Reasonable Efforts to provide Purchaser with a list of ATM and debit cards issued by Seller to depositors of any Deposits, and a record thereof in a format reasonably agreed to by the parties containing all account information and addresses therefor and secondary account informationtherefor, no later than thirty fifteen (3015) calendar days after the date of this Agreement, and Seller will provide Purchaser with an updated record from time to time but in no event later than thirty (30) calendar days prior to the Closing along with other conversion sample files (to include no less than three (3) sample files not including the conversion file)Date. At or promptly after the Closing, Seller will provide Purchaser with a revised record through the Closing. Seller will not be required to disclose to Purchaser customers’ PINs or algorithms or logic used to generate PINs. The ATM and debit cards issued by Seller to depositors of any Deposits will be deactivated by Seller on the Closing Date at a mutually agreeable time. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall reissue ATM access/debit cards to depositors of any Deposits not earlier than forty-five (45) calendar days nor later than five fifteen (515) calendar days prior to the Closing Date, which cards shall be effective as of the day following the Closing Date. Purchaser and Seller agree to settle any and all ATM transactions and Debit card transactions effected on or before the Closing Date, but processed after the Closing Date, as soon as practicable. In addition, Purchaser assumes responsibility for and agrees to pay on presentation all Debit card transactions initiated before or after the Closing with Debit cards issued by Seller to access Transaction Accounts.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Shore Bancshares Inc)

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