Branch Account Report Sample Clauses
The Branch Account Report clause requires a branch or subsidiary to provide detailed financial or operational reports to a central office or parent company. Typically, this clause outlines the frequency, format, and content of the reports, such as monthly sales figures, inventory levels, or compliance updates. By mandating regular and standardized reporting, the clause ensures transparency and enables the parent organization to monitor branch performance, identify issues early, and maintain effective oversight.
Branch Account Report. As soon as practicable after the date of this Agreement, Seller shall furnish Purchaser with a report on electronic media of the Deposits as of December 31, 1997 (the "Branch Account Report") which shall be correct in all material respects. To the extent such information is maintained by Seller on its computer systems, the Branch Account Report shall enumerate for each account constituting a Deposit ("Branch Account"):
(a) the taxpayer identification number of the owner of the Branch Account, (b) the type of account, (c) the date the Branch Account was opened, (d) the current interest rate paid on the Branch Account, if any, (e) the balance of the Branch Account, (f) the term and maturity of any Branch Account that is a certificate of deposit or similar time deposit and (g) with respect to all ACH Accounts and ACH Items, all information reasonably necessary to identify the owner of such account and the third party which directly makes automated clearing house debits and credits to such account.
Branch Account Report. As soon as practicable after the date of this Agreement, Seller shall furnish Purchaser with a report of the Deposits as of the date of such report (the "Branch Account Report"). To the extent such information is maintained by Seller on its computer systems, the Branch Account Report shall enumerate for each account constituting a Deposit ("Branch Account"):
(a) the address and taxpayer identification number of the owner of the Branch Account, (b) the type of account, (c) the date the Branch Account was opened, (d) the current interest rate paid on the Branch Account, if any, (e) the balance of the Branch Account, (f) the term and maturity of any Branch Account that is a certificate of deposit or similar time deposit and (g) with respect to all ACH Accounts and ACH Items, all information reasonably necessary to identify (i) the owner of such account and the third party which directly makes automated clearing house debits and credits to such account and (ii) the nature of such ACH Accounts and ACH Items.
Branch Account Report. As soon as practicable after the date of this Agreement, Seller shall furnish Purchaser with a report of the Deposits as of the date of such report (the "Branch Account Report") in form reasonably acceptable to Purchaser. To the extent such information is maintained by Seller on its computer systems, the Branch Account Report shall enumerate for each account constituting a Deposit ("Branch Account"):
(a) the address and taxpayer identification number of the owner of the Branch Account, (b) the type of account, (c) the date the Branch Account was opened, (d) the current interest rate paid on the Branch Account, if any, (e) the balance of the Branch Account, and (f) the term and maturity of any Branch Account that is a certificate of deposit or similar time deposit. By 11:00 A.M. on the Tuesday preceding the Closing, Seller should provide Purchaser with a Branch Account Report for the Friday preceding the Closing.
Branch Account Report. As soon as practicable after the date of this Agreement, Seller shall furnish Purchaser with a report of the Deposits as of the date of such report (the "Branch Account Report"). To the
(a) the address and taxpayer identification number of the owner of the Branch Account, (b) the type of account, (c) the date the Branch Account was opened, (d) the current interest rate paid on the Branch Account, if any, (e) the balance of the Branch Account, (f) the term and maturity of any Branch Account that is a certificate of deposit or similar time deposit and (g) with respect to all ACH Accounts and ACH Items, all information reasonably necessary to identify (i) the owner of such account and the third party which directly makes automated clearing house debits and credits to such account and (ii) the nature of such ACH Accounts and ACH Items.
Branch Account Report. No later than five Business Days prior to the anticipated Closing Date, Sellers shall furnish Purchaser with a report on electronic media of the Deposits as of a date that is not more than 10 Business Days prior to the anticipated Closing Date (the “Branch Account Report”). To the extent such information is maintained by Sellers on their computer systems, the Branch Account Report shall enumerate for each account constituting a Deposit (“Branch Account”) for each Branch: (a) the taxpayer identification number of the owner of the Branch Account; (b) the type of account; (c) the date the Branch Account was opened; (d) the current interest rate paid on the Branch Account, if any; (e) the balance of the Branch Account; (f) the term and maturity of any Branch Account that is a certificate of deposit or similar time deposit; and (g) with respect to all ACH Accounts, all information reasonably necessary to identify the owner of such account and the third party which directly makes automated clearing house debits and credits to such account.