Common use of Information Reporting Clause in Contracts

Information Reporting. With respect to the Deposits purchased and assumed by Buyer pursuant to this Agreement, Seller shall be responsible for reporting to the customer and to the Internal Revenue Service (and any states or local taxing authority as required) all interest paid or earned prior to the Closing Date and Buyer shall be responsible for reporting to the customer and to the Internal Revenue Service (and any state or local taxing authority as required) all interest paid or earned after the Closing Date.

Appears in 3 contracts

Samples: Branch Purchase and Assumption Agreement (Howard Bancorp Inc), Branch Purchase and Assumption Agreement (Cecil Bancorp Inc), Branch Purchase and Assumption Agreement (Howard Bancorp Inc)

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Information Reporting. With respect to the Loans and Deposits purchased and assumed by Buyer pursuant to this Agreement, Seller shall be responsible for reporting to the customer and to the Internal Revenue Service (and any states state or local taxing authority as requiredrequired by law) all interest paid or earned by the customer prior to and including the Closing Date Date, and Buyer shall be responsible for reporting to the customer and to the Internal Revenue Service (and any state or local taxing authority as requiredrequired by law) all interest paid or earned by the customer after the Closing Date.

Appears in 2 contracts

Samples: Branch Purchase and Assumption Agreement (Citizens First Corp), Branch Purchase and Assumption Agreement (Harrington West Financial Group Inc/Ca)

Information Reporting. With respect to the Loans and Deposits purchased and assumed by Buyer pursuant to this Agreement, Seller shall be responsible for reporting to the customer and to the Internal Revenue Service (and any states or local taxing authority as required) all interest paid or earned prior to the Closing Date and Buyer shall be responsible for reporting to the customer and to the Internal Revenue Service (and any state or local taxing authority as required) all interest paid or earned through the Closing Date, and Buyer shall be responsible for such reporting of all such interest paid after the Closing Date.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Beverly Hills Bancorp Inc)

Information Reporting. With respect to the Deposits Loans purchased and Deposit Liabilities assumed by Buyer Purchaser pursuant to this Agreement, Seller shall be responsible for reporting to the customer Customer and to the Internal Revenue Service IRS (and any states state or local taxing authority as requiredrequired by law) all interest paid or earned by the Customer prior to and including the Closing Date and Buyer Purchaser shall be responsible for reporting to the customer Customer and to the Internal Revenue Service (and any state or local taxing authority as required) all interest paid or earned by the Customer after the Closing Date.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Independent Bank Corp /Mi/)

Information Reporting. With Unless otherwise mutually agreed upon by the parties, with respect to the Loans and Deposits purchased and assumed by Buyer pursuant to this Agreement, Seller shall be responsible for reporting to the customer and to the Internal Revenue Service (and any states state or local taxing authority as requiredrequired by law) all interest paid or earned by the customer prior to and including the Closing Date Date, and Buyer shall be responsible for reporting to the customer and to the Internal Revenue Service (and any state or local taxing authority as requiredrequired by law) all interest paid or earned by the customer after the Closing Date.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Limestone Bancorp, Inc.)

Information Reporting. With respect to the Deposits purchased and assumed by Buyer pursuant to this Agreement, Seller shall be responsible for reporting to the customer and to the Internal Revenue Service IRS (and any states state or local taxing authority Governmental Body as requiredrequired by Law) all interest paid or earned by the customer prior to and including the Closing Date Date, and Buyer shall be responsible for reporting to the customer and to the Internal Revenue Service IRS (and any state or local taxing authority Governmental Body as required) all interest paid or earned by the customer after the Closing Date.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Your Community Bankshares, Inc.)

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Information Reporting. With respect to the Loans and Deposits purchased and assumed by Buyer pursuant to this Agreement, Seller shall be responsible for reporting to the customer and to the Internal Revenue Service (and any states or local taxing authority as required) all interest paid or earned prior to the Closing Date and Buyer shall will be responsible for reporting to the customer and to the Internal Revenue Service (and any state or local taxing authority as requiredrequired by law) all interest paid or earned by the customer prior to and including the Closing Date, and Buyer will be responsible for reporting to the customer and to the Internal Revenue Service (and any state or local taxing authority as required by law) all interest paid or earned by the customer after the Closing Date.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Ames National Corp)

Information Reporting. With respect to the Deposits purchased and assumed by Buyer pursuant to this Agreement, Seller shall be responsible for reporting to the customer and to the Internal Revenue Service (and any states or local taxing authority as required) all interest paid or earned prior to the Closing Date and Buyer shall will be responsible for reporting to the customer and to the Internal Revenue Service (and any state or local taxing authority as requiredrequired by law) all interest paid or earned by the customer prior to and including the Closing Date, and Buyer will be responsible for reporting to the customer and to the Internal Revenue Service (and any state or local taxing authority as required by law) all interest paid or earned by the customer after the Closing Date.

Appears in 1 contract

Samples: Purchase and Limited Assumption Agreement of Branch (Hawthorn Bancshares, Inc.)

Information Reporting. With respect to the Loans and Deposits purchased and assumed by Buyer pursuant to this Agreement, Seller shall be responsible for reporting to the customer and to the Internal Revenue Service (and any states state or local taxing authority as requiredrequired by law) all interest paid or earned by the customer prior to and including the Closing Date and Buyer shall be responsible for reporting to the customer and to the Internal Revenue Service (and any state or local taxing authority as required) all interest paid or earned by the customer after the Closing Date.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Gold Banc Corp Inc)

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