Common use of Data Removal Clause in Contracts

Data Removal. The Assuming Institution shall, prior to returning any automated teller machine to Receiver and unless otherwise requested by the Receiver, (i) remove all data from that automated teller machine and (ii) provide a written statement to the Receiver that all data has been removed in a manner that renders it unrecoverable.

Appears in 36 contracts

Samples: Purchase and Assumption Agreement (First Merchants Corp), Purchase and Assumption Agreement (Hancock Holding Co), Purchase and Assumption Agreement (Great Southern Bancorp Inc)

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Data Removal. The Assuming Institution shallwill, prior to returning any automated teller machine to Receiver and unless otherwise requested by the Receiver, (i) remove all data from that automated teller machine and (ii) provide a written statement to the Receiver that all data has have been removed in a manner that renders it unrecoverable.

Appears in 5 contracts

Samples: Purchase and Assumption Agreement (First Citizens Bancshares Inc /De/), Purchase and Assumption Agreement, Purchase and Assumption Agreement

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