Common use of Back Office Conversion Clause in Contracts

Back Office Conversion. Seller and Buyer shall cooperate with each other and shall use their reasonable best efforts (consistent with their internal day-to-day operations) in order to cause the timely transfer of information concerning the Assets and the Liabilities which is maintained on Seller's data processing systems so that Buyer can incorporate such information into Buyer's data processing systems no later than the opening of business on the Business Day following the Closing Date.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (First Bancorp /Nc/), Purchase and Assumption Agreement (Capital City Bank Group Inc), Purchase and Assumption Agreement (Hubco Inc)

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Back Office Conversion. Seller and Buyer shall cooperate with each other and shall use their reasonable best efforts (consistent with their internal day-to-day operations) in order to cause the timely transfer of information concerning the Assets and the Liabilities which is maintained on Seller's ’s data processing systems so that Buyer can incorporate such information into Buyer's ’s data processing systems no later than the opening of business on the Business Day following the Closing Date, including testing of such data transfers prior to the Closing Date. Buyer shall bear the costs of any third-party programming requirements related to such data processing efforts.

Appears in 2 contracts

Samples: Branch Purchase and Assumption Agreement (1st Constitution Bancorp), Branch Purchase and Assumption Agreement (1st Constitution Bancorp)

Back Office Conversion. Seller and Buyer shall cooperate with each other and shall use their reasonable best efforts (consistent with their internal day-to-day operations) in order to cause the timely transfer of information concerning the Assets and the Liabilities which is maintained on Seller's data processing systems so that Buyer can incorporate such information into Buyer's data processing systems no later than the opening of business on the Business Day following the Closing Date, including testing of such data transfers prior to the Closing Date. Buyer shall bear the costs of any third-party programming requirements related to such data processing efforts.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (City National Bancshares Corp)

Back Office Conversion. Seller and Buyer shall cooperate with each other and shall use their reasonable best efforts (consistent with their internal day-to-day operations) in order to cause the timely transfer of information concerning the Assets and the Liabilities which is maintained on Seller's data processing systems so that Buyer can incorporate such information into Buyer's data processing systems no later than the opening of business on the Business Day Saturday following the Closing Date.

Appears in 1 contract

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

Back Office Conversion. Prior to the Closing Date, the Seller and the Buyer shall cooperate with each other and shall use their reasonable best efforts (consistent with their internal day-to-day operations) in order to cause the timely transfer of information concerning the Assets and the Liabilities which that is maintained on the Seller's ’s data processing systems so that the Buyer can incorporate such information into the Buyer's ’s data processing systems no later than the opening of business on the Business Day following the Closing Date.. On the Closing Date, the Seller shall:

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Community Bankers Trust Corp)

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Back Office Conversion. The Seller and the Buyer shall cooperate with each other and shall use their reasonable best efforts (consistent with their internal day-to-day operations) in order to cause the timely transfer of information concerning the Assets and the Liabilities Liabilities, which is maintained on the Seller's data processing systems so that the Buyer can incorporate such information into the Buyer's data processing systems no later than the opening of business on the Business Day following the Closing Date.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (R&g Financial Corp)

Back Office Conversion. Seller and Buyer shall cooperate with each other and shall use their reasonable best efforts (consistent with their internal day-to-day operations) in order to cause the timely transfer of information concerning the Assets and the Liabilities which is maintained on Seller's data processing systems so that Buyer can incorporate such information into Buyer's data processing systems no later than the opening of business on the Business Day following the Closing Systems Conversion Date.

Appears in 1 contract

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

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