Common use of Holds and Stop Payment Orders Clause in Contracts

Holds and Stop Payment Orders. Holds and stop payment orders that have been placed by Seller on particular accounts or on individual checks, drafts or other instruments before the Closing Date will be continued by Buyer under the same terms after the Closing Date. Seller will deliver to Buyer at the Closing a complete schedule of such holds and stop payment orders and documentation relating to the placing thereof.

Appears in 5 contracts

Samples: Purchase and Assumption Agreement (Affinity Bancshares, Inc.), Purchase and Assumption Agreement (First Financial Northwest, Inc.), Purchase and Assumption Agreement (FFBW, Inc. /MD/)

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Holds and Stop Payment Orders. Holds and stop payment orders that have been placed by Seller on particular accounts or on individual checks, drafts or other instruments before the Closing Date will be continued by Buyer under the same terms after the Closing Date. Seller will deliver to Buyer at the Closing a complete schedule of such holds and stop payment orders and documentation relating to the placing thereof.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Horizon Bancorp /In/), Branch Purchase and Assumption Agreement (River Valley Bancorp), Purchase and Assumption Agreement (Harrington Financial Group Inc)

Holds and Stop Payment Orders. Holds and stop payment orders that have been placed by Seller on particular accounts or on individual checks, drafts or other instruments before the Closing Date will be continued by Buyer under the same terms after the Closing Date. Seller will deliver to Buyer at the Closing a complete schedule of such holds and stop payment orders and documentation relating to orders, in such form as shall be agreed upon by the placing thereofparties.

Appears in 1 contract

Samples: Agreement (First Pactrust Bancorp Inc)

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Holds and Stop Payment Orders. Holds and stop payment orders that have been placed by Seller on particular accounts or on individual checks, drafts or other instruments before the Closing Date will be continued by Buyer under the same terms after the Closing Date. Seller will deliver to Buyer at the Closing a complete schedule of such holds and stop payment orders and documentation relating to the placing thereoforders.

Appears in 1 contract

Samples: Branch Banking Office (United Pan Am Financial Corp)

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