Loans Transferred. 6 SECTION 1.5. Safe Deposit Business........................................ 8 SECTION 1.6.
Loans Transferred. (a) Seller will transfer to Purchaser as of the Effective Time, subject to the terms and conditions of this Agreement, all of Seller's right, title and interest in (including collateral relating thereto) loans maintained, serviced and listed as loans assigned to the Banking Facilities (collectively, the "Loans"); provided, however, the Loans shall not include any loans described in subsection (b) below. Such Loans (as well as any lien or security interest related
Loans Transferred. (a) Seller will transfer to Purchaser as of the Effective Time, subject to the terms and conditions of this Agreement, all of Seller’s right, title and interest in (including collateral relating thereto) loans maintained, serviced and listed in Seller’s records as loans of the Banking Centers (collectively, the “Loans”); provided, however, the Loans shall not include any loans described in subsection (b) below. Such Loans (as well as any security interest related thereto) shall be transferred by means of a blanket (collective) assignment and not individually (except as may be otherwise required by law). Purchaser shall inform Seller not less than 45 calendar days prior to the proposed Closing of any case in which filing information relating to any collateral for the Loans will be required for preparation of any assignments of liens. A projected list of the Loans is attached hereto as Exhibit 1.4(a) that shall be updated as soon as practicable after Closing.
Loans Transferred. (a) Sellers will transfer to Purchasers as of the Effective Time, subject to the terms and conditions of this Agreement, all of Sellers' right, title, and interest in (including accrued but unpaid interest and late charges and collateral relating thereto) loans maintained, serviced, and listed as loans assigned to the Banking Centers (collectively, the "Loans"); provided, however, the Loans shall not include any loans described in paragraph (b) below. Such Loans (as well as any lien or security interest related thereto) shall be transferred by means of a blanket (collective) assignment and not individually (except as may be otherwise required by law).
Loans Transferred. 6 Section 1.5
Loans Transferred. (a) Seller will transfer to Buyer on the Effective Date, subject to the terms and conditions of this agreement, all of Seller’s right, title and interest (including collateral relating thereto) in loans maintained, serviced and listed in Seller’s general ledger as loans of the Offices (severally referred to as “Loan” and collectively the “Loans”). Notwithstanding the foregoing, for purposes of this Agreement, the Loans shall include only those Loans specifically identified by Buyer as Loans it will purchase. In this regard, it is understood Buyer shall have the right to purchase or exclude any Loan or Loans previously identified as coded to the Seller’s Sac City, Odebolt and Lake View offices. The purchased loans shall be listed on Exhibit 1.4(a), shall be prepared by Buyer and furnished to Seller and affixed to this Agreement as a part hereof within thirty (30) days following Seller’s delivery to Buyer of complete loan information.
Loans Transferred. 8 SECTION 2.5. SAFE DEPOSIT BUSINESS.........................................................................9
Loans Transferred. (a) Seller will transfer to Buyer on the Effective Date, subject to the terms and conditions of this Agreement, all of Seller's right, title and interest (including collateral relating thereto) in loans maintained, serviced and listed in Seller's general ledger (severally referred to as "Loan" and collectively the "Loans").
Loans Transferred. (a) Seller will sell, transfer and assign to Purchaser as of the Effective Time, subject to the terms and conditions of this Agreement, all of Seller's right, title and interest in (including collateral relating thereto) the loans of the Banking Centers including demand deposit overdrafts, together with all promissory notes, loan agreements, security agreements, deeds of trust, assignment or pledge agreements and other documentation pertaining thereto and all Seller's rights thereunder (collectively, the "Loans"); provided, however, -------- ------- the Loans shall not include any loans described in subsection (b) below. Such Loans (as well as any security interest related thereto) shall be transferred by means of a blanket assignment and not individually (except as may be otherwise required by law). Purchaser shall inform Seller not less than thirty (30) calendar days prior to the Effective Time of any case in which individual assignments will be required by law.
Loans Transferred. (a) Seller will transfer to Purchaser as of the Effective Time, subject to the terms and conditions of this Agreement, all of Seller's right, title and interest in loans maintained, serviced and listed in Seller's records as loans of the Banking Centers (collectively, the "Loans"); provided, however, the Loans shall not include any loans described in subsection (b) below. Such Loans (as well as any security interest related thereto) shall be transferred by means of a blanket (collective) assignment and not individually (except as may be otherwise required by law). Purchaser shall inform Seller not less than 30 calendar days prior to the proposed closing of any case in which filing information relating to any collateral for the Loans will be required for preparation of any assignments of liens. A summary of the Loans showing loan type, maturity date, principal amount, and interest rate is attached hereto as Exhibit 1.4(a) and incorporated herein by reference.
