Common use of Interest Reporting Clause in Contracts

Interest Reporting. Seller shall report from January 1, 1997 through the Closing Date all interest credited to, interest withheld from, and early withdrawal penalties charged to the Branch Deposits which are assumed by Purchaser under this Agreement. Purchaser shall report from the day after the Closing Date through the end of the calendar year all interest credited to, interest withheld from, and early withdrawal penalties charged to the Branch Deposits assumed by Purchaser. Said reports shall be made to the holders of these accounts and to the applicable Federal and State regulatory agencies.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Community Capital Corp /Sc/)

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Interest Reporting. Seller shall report from January 1, 1997 through the Closing Date all interest credited to, interest withheld from, and early withdrawal penalties charged to the Branch Deposits which are assumed by Purchaser under this Agreement. Purchaser Buyer shall report from the day after the Closing Date through the end of the calendar year all interest credited to, interest withheld from, from and early withdrawal penalties charged to the Branch Deposits assumed by PurchaserDeposits. Said reports shall be made to the holders of these accounts and to the applicable Federal federal and State state regulatory agencies. If as a result of the transfer of books and records required hereunder, Seller is unable to report interest as contemplated hereby, Seller and Buyer will cooperate to arrive at a mutually acceptable alternative arrangement for the reporting of interest.

Appears in 1 contract

Samples: Agreement to Purchase Assets and Assume Liabilities (Republic Bancorp Inc /Ky/)

Interest Reporting. Seller shall report from January 1, 1997 ------------------ through the Closing Date all interest credited to, interest withheld from, and early withdrawal penalties charged to the Branch Deposits which are assumed by Purchaser under this Agreement. Purchaser shall report from the day after the Closing Date through the end of the calendar year and thereafter all interest credited to, interest withheld from, from and early withdrawal penalties charged to the Branch Deposits assumed by PurchaserDeposit Liabilities. Said reports shall be made to the holders of these accounts and to the applicable Federal federal and State state regulatory agencies.

Appears in 1 contract

Samples: Premier Bancshares Inc /Ga

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Interest Reporting. Seller shall report from January 1, 1997 through 1999 up to ------------------- and including the Closing Date all interest credited to, interest withheld from, from and early withdrawal penalties charged to the Branch Deposits which are assumed by Purchaser Buyer under this Agreement. Purchaser Buyer shall report from the day after the Closing Date through the end of the calendar year all interest credited to, interest withheld from, from and early withdrawal penalties charged to the Branch Deposits Deposit assumed by PurchaserBuyer. Said reports shall be made to the holders of o these accounts and to the applicable Federal federal and State state regulatory agencies.

Appears in 1 contract

Samples: Definitive Agreement (SGV Bancorp Inc)

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