Performance of Liabilities Sample Clauses
The 'Performance of Liabilities' clause defines the obligation of each party to fulfill their respective duties and responsibilities as outlined in the agreement. In practice, this means that each party must complete their contractual tasks, such as delivering goods, making payments, or providing services, within the agreed timelines and standards. This clause ensures that all parties are legally bound to meet their commitments, thereby promoting accountability and reducing the risk of disputes over unfulfilled obligations.
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Performance of Liabilities. Purchaser agrees to honor, to the extent that such depositor has funds on deposit with Purchaser, all properly payable checks, drafts, and non-negotiable withdrawal orders on forms previously provided by Seller with respect to the Branch Deposits to the same extent as if the checks, drafts, or orders were drawn on forms provided by Purchaser with respect to similar deposits or accounts for a period of 120 days following the Closing Date, and shall hold Seller harmless with respect to any wrongful dishonor by Purchaser thereof within such period. Purchaser agrees to honor all previously authorized ACH transfers with respect to the Branch Deposits to the same extent as if the ACH transfer were made with respect to similar deposits or accounts at Purchaser for a period of ninety (90) calendar days following the Closing Date, and shall hold Seller harmless with respect to any wrongful dishonor by Purchaser thereof within such period.
Performance of Liabilities. Subject to Seller's compliance with Section 13.6 from and after the Closing, Buyer agrees to pay (to the extent there are sufficient available funds on deposit) all properly drawn checks, drafts and negotiable withdrawal orders drawn against a Deposit account transferred by Seller to Buyer as contemplated herein, timely presented to Buyer by mail, over its counters or through inclearings and whether drawn on the check or draft forms provided by Seller for sixty (60) days after the Closing Date.
Performance of Liabilities. The Company will and will cause the Subsidiaries to (i) duly pay and discharge all Indebtedness in such manner as shall be necessary in order to prevent the occurrence of an Event of Default under Section 8.1(d) hereof, and (ii) duly pay and discharge all taxes before the same shall become in default unless such taxes are being contested by the Company in good faith, and all lawful claims for labor, materials and supplies that have become due and payable which taxes and other claims, if unpaid, might become a Lien upon any of its properties if the loss of such properties could have a Material Adverse Effect.
Performance of Liabilities. From and after the Closing Date, -------------------------- Purchaser shall fully perform, pay and discharge all of the Liabilities as and when due and shall protect and observe the rights of depositors and creditors of the Branches, the Operating Sites and the ATMs in the same manner and to the same extent as if Purchaser had itself incurred the Liabilities and as otherwise may be required by applicable law.
Performance of Liabilities. The Company will (i) duly pay and discharge all Indebtedness in such manner as shall be necessary in order to prevent the occurrence of an Event of Default under Section 8.1(d) hereof, and (ii) duly pay and discharge all taxes before the same shall become in default, and all lawful claims for labor, materials and supplies that have become due and payable which taxes and other claims, if unpaid, might become a lien upon any of its properties if the loss of such properties could have a material adverse effect on the business, operations, prospects, assets and/or financial or other condition of the Company.
Performance of Liabilities. From and after the Closing Date, Purchaser shall indemnify and hold Seller harmless and fully perform, pay and discharge all of the Liabilities as and when due and shall protect the rights of depositors and creditors of the Branch in the same manner and to the same extent as if Purchaser had itself originally incurred the Liabilities. Seller shall indemnify and hold Purchaser harmless and fully perform, pay and discharge all liabilities and other obligations of Seller that are not included among the Liabilities.
Performance of Liabilities. The Borrower shall pay when due, and promptly, punctually, and faithfully perform each and all of the Liabilities, and the obligations, covenants and conditions to be paid, performed or observed by the Borrower under this Agreement and under the other Loan Documents.
Performance of Liabilities. The Company will (i) duly pay and discharge all of its material obligations in a timely manner, other than obligations that the Company is contesting in good faith by appropriate proceedings, and (ii) duly pay and discharge all taxes before the same shall become in default, which taxes, if unpaid, might become a Lien upon any properties of the Company if the loss of such properties could reasonably be expected to have a material adverse effect on the business, operations, prospects, assets and/or financial or other condition of the Company and its Subsidiaries taken as a whole.
Performance of Liabilities. From and after the Closing Date, Buyer shall perform and be bound by the terms and provisions of, and fully discharge when due, all of the Liabilities, including, without limitation, the deposit Contracts governing the terms of the accounts included within the Assumed Deposits, as such terms and provisions from time to time are properly modified (without any liability to Seller)
Performance of Liabilities. From and after the close of business on the day prior to the Closing Date, Purchaser shall fully perform, pay and discharge all of the Liabilities and shall protect the rights of depositors of the Banking Office in the same manner and to the same extent as if Purchaser had itself incurred the Liabilities and Purchaser shall indemnify and hold harmless and defend Seller against any claims, losses, liabilities, demands and obligations which Seller may receive, suffer or incur for the Liabilities assumed by Purchaser hereunder or as a result of the breach of any of the representations or warranties contained in Section 11.