Common use of Large Deposits Clause in Contracts

Large Deposits. Prior to the Closing, TARGET will provide PURCHASER -------------- with a list of all certificates of deposit or checking, savings or other deposits owned by persons who, to the Knowledge of the TARGET, had deposits aggregating more than $100,000 and a list of all certificates of deposit or checking, savings or other deposits owned by directors and officers of TARGET and the Bank and their affiliates in an amount aggregating more than $100,000 as of the last day of the calendar month immediately prior to the Closing.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Abc Bancorp), Employment Agreement (Abc Bancorp), Employment Agreement (Abc Bancorp)

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Large Deposits. Prior to the Closing, TARGET will provide -------------- PURCHASER -------------- with a list of all certificates of deposit or checking, savings or other deposits owned by persons who, to the Knowledge of the TARGET, had deposits aggregating more than $100,000 and a list of all certificates of deposit or checking, savings or other deposits owned by directors and officers of TARGET and the TARGET Bank and their affiliates Affiliates in an amount aggregating more than $100,000 as of the last day of the calendar month immediately prior to the Closing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Golden Isles Financial Holdings Inc), Agreement and Plan of Merger (Abc Bancorp)

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