Escheat Deposits. After the Closing, Purchaser shall be solely responsible for the proper reporting and transmission to the appropriate governmental entity of Deposit Liabilities that become escheat deposits after the Effective Time to the extent required by applicable law.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (Green Bancorp, Inc.), Purchase and Assumption Agreement (Green Bancorp, Inc.)
Escheat Deposits. After the Closing, Purchaser shall be solely responsible for the proper reporting and transmission to the appropriate governmental entity of Deposit Liabilities that become escheat deposits after the Effective Time to the extent required by applicable lawEscheat Deposits.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (Premierwest Bancorp), Purchase and Assumption Agreement (Heritage Commerce Corp)
Escheat Deposits. After the Closing, Purchaser shall be solely responsible for the proper reporting and transmission to the appropriate governmental entity of Deposit Liabilities that become escheat deposits after the Effective Time to the extent required by applicable lawDeposits.
Appears in 1 contract
