Common use of Deposit Liabilities Clause in Contracts

Deposit Liabilities. The Deposit Liabilities (a) are insured by the Federal Deposit Insurance Corporation to the fullest extent permitted by federal law and no action is pending or has been threatened by the Federal Deposit Insurance Corporation against Seller with respect to the termination of such insurance, and all premiums and assessments required to be paid in connection therewith have been paid when due by Seller, and (b) are, subject to Section 7.10, in all material respects genuine and enforceable obligations of Seller. Seller has made available to Purchaser all material documents in its possession setting forth the terms and agreements relating to the Deposit Liabilities.

Deposit Liabilities. The Deposit Liabilities (a) are insured by the Federal Deposit Insurance Corporation to the fullest extent permitted by federal law law, and no action is pending or or, to Seller’s knowledge, has been threatened by the Federal Deposit Insurance Corporation against Seller with respect to the termination of such insurance, and all premiums and assessments required to be paid in connection therewith have been paid when due by Seller, and (b) arewere opened, subject to Section 7.10extended or made, and have been maintained, in all material respects genuine respects, in accordance with all applicable federal and enforceable obligations of Seller. Seller has made available to Purchaser all material documents in its possession setting forth the terms state laws, regulations, rules and agreements relating to the Deposit Liabilitiesorders.

Deposit Liabilities. The Deposit Liabilities (a) are insured by the Federal Deposit Insurance Corporation to the fullest extent permitted by federal law law, and no action is pending or or, to Seller’s knowledge, has been threatened by the Federal Deposit Insurance Corporation against Seller with respect to the termination of such insurance, and all premiums and assessments required to be paid in Table of Contents connection therewith have been paid when due by Seller, and (b) arewere opened, subject to Section 7.10extended or made, and have been maintained, in all material respects genuine respects, in accordance with all applicable federal and enforceable obligations of Seller. Seller has made available to Purchaser all material documents in its possession setting forth the terms state laws, regulations, rules and agreements relating to the Deposit Liabilitiesorders.