Common use of Performance of Liabilities Clause in Contracts

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.

Appears in 1 contract

Sources: Purchase and Assumption Agreement (Hawaiian Electric Industries Inc)

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 Branches in the same manner and to the same extent as if Purchaser had itself originally incurred the Liabilities and as otherwise may be required by applicable lawLiabilities.

Appears in 1 contract

Sources: Branch Purchase and Assumption Agreement (Intrust Financial Corp /)

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 Branches 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.

Appears in 1 contract

Sources: Branch Purchase and Assumption Agreement (Plumas Bancorp)

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 Branch 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.

Appears in 1 contract

Sources: Branch Purchase and Assumption Agreement (Center Financial Corp)