Common use of Notice to Customers Clause in Contracts

Notice to Customers. A. Buyer and Seller agree to jointly mail or cause to be jointly mailed to each of the Depositors, each holder of a safe deposit box domiciled at the Branch and to such other customers as may be required by applicable law, such notice of contemplated transfer of the Assets and the Liabilities as may be required as a condition of approval by any regulatory authority, or as otherwise may be required by applicable law.

Appears in 2 contracts

Samples: Servicing Agreement (Xenith Bankshares, Inc.), Purchase and Assumption Agreement (Xenith Bankshares, Inc.)

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Notice to Customers. A. Buyer and Seller agree to jointly mail or cause to be jointly mailed to each of the DepositorsDepositors whose Deposit it to be assumed by Buyer, each holder of a safe deposit box domiciled at the Branch and to such other customers as may be required by applicable law, such notice of contemplated transfer of the Assets and the Liabilities as may be required as a condition of approval by any regulatory authority, or as otherwise may be required by applicable law. The out of pocket cost of the mailings required by this Section 5.4 shall be shared equally by Buyer and Seller.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Community First Inc)

Notice to Customers. A. Buyer and Seller agree to jointly mail or cause to be jointly mailed to each of the Depositors, each holder of a safe deposit box domiciled at the Branch Branches and to such other customers as may be required by applicable law, such notice of contemplated transfer of the Assets and the Liabilities as may be required as a condition of approval by any regulatory authority, or as otherwise may be required by applicable law.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (New Century Bancorp Inc)

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Notice to Customers. A. Buyer and Seller agree to jointly mail or cause to be jointly mailed to each of the Depositors, each holder of a safe deposit box domiciled at the a Branch and to such other customers as may be required by applicable law, such notice of contemplated transfer of the Assets and the Liabilities as may be required as a condition of approval by any regulatory authority, or as otherwise may be required by applicable law.

Appears in 1 contract

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

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