Payment of Deposit Liabilities Sample Clauses

Payment of Deposit Liabilities. (a) From and after the Closing Date, Purchaser shall (i) pay all properly drawn and presented checks, negotiable orders of withdrawal, drafts, debits and other withdrawal orders presented to Purchaser by Deposit Liability account customers, whether drawn on checks, negotiable orders of withdrawal, drafts, or other withdrawal order forms provided by Sellers or by Purchaser and (ii) in all other respects discharge, in the usual course of the banking business, all of the duties and obligations of Sellers with respect to the balances due and owing to the Customers who have Deposit Liability accounts. If any Customer who has a Deposit Liability account draws checks, drafts, or negotiable orders of withdrawal against the Deposit Liabilities which are presented or delivered to Sellers not later than ninety (90) days after the Closing Date, Sellers shall use their commercially reasonable efforts to batch all such checks, drafts, negotiable orders of withdrawal, or other withdrawal order forms and to deliver the same to Purchaser at Purchaser's sole expense. Purchaser acknowledges that any delay, failure, or inability on its part to comply with the obligations imposed upon it as a depository institution under applicable federal or state law, with regard to such checks, drafts, negotiable orders of withdrawal or other withdrawal orders shall not result in any liability or obligation of Sellers and shall not affect any of the rights of Sellers under this Agreement. Sellers shall not be deemed to have made any representations or warranties to Purchaser with respect to any such checks, drafts, negotiable orders of withdrawal or other withdrawal orders and any such representations or warranties implied by law are hereby disclaimed and are the responsibility of Purchaser, except that Sellers shall be chargeable with the warranties and representations implied by law with respect to any such check, draft, negotiable orders of withdrawal order, or other withdrawal order, which is paid by Sellers over the counter.
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Payment of Deposit Liabilities. (a) From and after the Closing, Purchaser shall (i) pay all properly drawn and presented checks, negotiable orders of withdrawal, drafts, debits and other withdrawal orders presented to Purchaser by Deposit Liability account customers, whether drawn on checks, negotiable orders of withdrawal, drafts, or other withdrawal order forms provided by Seller or by Purchaser and (ii) in all other respects discharge, in the usual course of the banking business, all of the duties and obligations of Seller with respect to the balances due and owing to the Customers who have Deposit Liability accounts. Purchaser acknowledges that any delay, failure, or inability on its part to comply with the obligations imposed upon it as a depository institution under applicable federal or state law, with regard to such checks, drafts, negotiable orders of withdrawal or other withdrawal orders shall not result in any liability or obligation of Seller and shall not affect any of the rights of Seller under this Agreement. Seller shall not be deemed to have made any representations or warranties to Purchaser with respect to any such checks, drafts, negotiable orders of withdrawal or other withdrawal orders and any such representations or warranties implied by law are hereby disclaimed and are the responsibility of Purchaser.
Payment of Deposit Liabilities. Section 10.02 Notices to Depositors; Delivery of Buyer's Check Forms Section 10.03 Returned Items
Payment of Deposit Liabilities. 45 Section 12.2. Delivery of Purchaser's Check Forms.............................................................. 46 Section 12.3. Uncollected Checks Returned to Seller............................................................ 46 Section 12.4. Default on Loan Payments to Seller............................................................... 46 Section 12.5. Notices to Obligors on Loans..................................................................... 46 Section 12.6.
Payment of Deposit Liabilities. (a) From and after the Closing Date, Purchaser shall (i) pay all properly drawn and presented Items that are presented to Purchaser by Customers who hold a Deposit Account, whether drawn on Item forms provided by Seller or by Purchaser and (ii) in all other respects discharge, in the usual course of the banking business, all of the duties and obligations of Seller with respect to the balances due and owing to the Customers who hold a Deposit Account. Purchaser shall notify Customers no later than thirty (30) days following the Closing Date that any Items which are drawn on Seller will not be honored by Seller upon the expiration of the period beginning on the Closing Date and ending on the sixtieth (60th) day thereafter. The form of such notice shall be subject to the prior written approval of Seller and such notice shall be delivered by first class U.S. mail and by posting signs in the Branches during the period beginning on the Closing Date and ending on the sixtieth (60th) day thereafter.
Payment of Deposit Liabilities. 19 ------------------------------ Section 11.2. Delivery of Purchaser's Check Forms...............20 ----------------------------------- Section 11.3. Uncollected Checks Returned to Seller.............20 ------------------------------------- Section 11.4. New ATM/Debit Cards...............................20 ------------------- Section 11.5. Deactivation of ATM and ATM/Debit Cards...........21 --------------------------------------- Section 11.6.
Payment of Deposit Liabilities. 44 SECTION 12.2. DELIVERY OF PURCHASER'S CHECK FORMS.....................44 SECTION 12.3. UNCOLLECTED CHECKS RETURNED TO SELLERS..................45 SECTION 12.4. DEFAULT ON LOAN PAYMENTS TO SELLERS.....................45 SECTION 12.5. NOTICES TO OBLIGORS ON LOANS............................45 SECTION 12.6.
Payment of Deposit Liabilities. (a) From and after the Closing Date, Purchaser shall (i) pay all properly drawn and presented checks, negotiable orders of withdrawal, drafts, debits and other withdrawal orders presented to Purchaser by Deposit Liability account customers, whether drawn on checks, negotiable orders of withdrawal, drafts, or other withdrawal order forms provided by Seller or by Purchaser and (ii) in all other respects discharge, in the usual course of the banking business, all of the duties and obligations of Seller with respect to the balances due and owing to the Customers who have Deposit Liability accounts. Purchaser shall notify Customers that upon the expiration of the Post-Transfer Processing Period, any Items which are drawn on Seller shall not thereafter be honored by Seller. Such notice shall be given by delivering written instructions to such effect to such Customers but no later than thirty (30) days following the Closing Date by first class U.S. mail and by posting signs in the Branches during the Post-Transfer Processing Period. The form of such notice shall be subject to the prior written approval of Seller.
Payment of Deposit Liabilities. 51 Section 12.2. Delivery of Purchaser's Check Forms...........................................................53 Section 12.3.
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