Common use of Payment Required Clause in Contracts

Payment Required. Any payment required under this Section 9.03 will be payable by the Company to Parent (by wire transfer of immediately available funds to an account designated by Parent) within five Business Days after demand by Parent.

Appears in 2 contracts

Sources: Merger Agreement (Falmouth Bancorp Inc), Merger Agreement (Independent Bank Corp)

Payment Required. Any payment required under this Section 9.03 will be (i) payable by the Company to Parent (by wire transfer of immediately available funds to an account designated by Parent) within five Business Days business days after demand by Parent.

Appears in 2 contracts

Sources: Merger Agreement (Abington Bancorp Inc), Merger Agreement (Bay State Bancorp Inc)

Payment Required. Any payment required under this Section 9.03 will be payable by the Company to Parent (by wire transfer of immediately available funds to an account designated by Parent) within five Business Days after demand by Parent.. ARTICLE X - MISCELLANEOUS

Appears in 1 contract

Sources: Merger Agreement (Abington Bancorp Inc)