Responsibility to Respond to Subpoenas, Discovery Requests, and Similar Inquiries Sample Clauses

Responsibility to Respond to Subpoenas, Discovery Requests, and Similar Inquiries. Unless otherwise directed by the Receiver, the Assuming Institution has the full and complete responsibility to respond to subpoenas, discovery requests, and other similar official inquiries, customer requests for lien releases, and requests for employment verifications, which are served on or delivered to either the Assuming Institution or the Receiver, or which had been served on the Failed Bank (collectively, “Information Requests”) with respect to the Failed Bank Records of which the Assuming Institution has custody, regardless of whether the Failed Bank Records were conveyed to the Assuming Institution under Section 6.1 or retained by the Receiver under Sections 6.1(a) through (c), except those Failed Bank Records that the Receiver, in its sole and absolute discretion, takes possession of or removes from Bank Premises. Full and complete responsibility for Information Requests as provided in this Section 6.3(b) includes preparing and asserting appropriate responses to Information Requests, searching for, gathering, reviewing, and producing any responsive records, and bearing all costs of responding to such Information Requests. If the Assuming Institution receives a subpoena addressed to the Assuming Institution seeking any Failed Bank Records of which it has custody, the Assuming Institution will promptly provide the Receiver with a copy of that subpoena by delivering it as provided in Section 13.6(b). The Assuming Institution’s responses to Information Requests are subject to the Receiver’s or Corporation’s approval if the Receiver or Corporation provides reasonable advance notice to the Assuming Institution that such approval is required before the Assuming Institution produces its responses.
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Related to Responsibility to Respond to Subpoenas, Discovery Requests, and Similar Inquiries

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