Common use of Safe Deposit Business Clause in Contracts

Safe Deposit Business. (a) On and after the Closing Date, the Purchaser shall assume and fully and timely perform and discharge all of the Seller's obligations with respect to the Seller's safe deposit box business at the Branches in accordance with the terms and conditions of the contracts or rental agreements related to such safe deposit boxes.

Appears in 2 contracts

Samples: Fulton Division Acquisition Agreement (Hopfed Bancorp Inc), Branch Purchase and Assumption Agreement (Greene County Bancshares Inc)

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Safe Deposit Business. (a) On and after At the Closing DateClosing, the Purchaser shall will assume and fully and timely perform and discharge all of the Seller's obligations with respect to the Seller's safe deposit box business at the Branches in accordance with the terms and conditions of the contracts or rental agreements related to such business, and the Purchaser will maintain all facilities necessary for the use of such safe deposit boxesboxes by persons entitled to use them pursuant to the terms of such contracts.

Appears in 2 contracts

Samples: Branch Purchase Agreement (United Community Bancorp), Branch Purchase Agreement (Premier Financial Bancorp Inc)

Safe Deposit Business. (a) On and after the Closing Date, the Purchaser shall assume and fully and timely perform and discharge all of the Seller's ’s obligations with respect to the Seller's ’s safe deposit box business at the Branches in accordance with the terms and conditions of the contracts or rental agreements related to such safe deposit boxes.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (First Mid Illinois Bancshares Inc)

Safe Deposit Business. (a) On and after As of the Closing Date, the Purchaser Buyer shall assume and fully and timely perform and discharge all of the Seller's ’s obligations with respect to the Seller's safe deposit box business at the Branches in accordance with the terms and conditions of the contracts or rental agreements related to such business, and the Buyer shall maintain all facilities necessary for the use of such safe deposit boxesboxes by persons entitled to use them.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Community Bankers Trust Corp)

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Safe Deposit Business. (a) On and after the Closing Date, the Purchaser shall assume and fully and timely perform and discharge all of the Seller's ’s obligations with respect to the Seller's ’s safe deposit box business at the Branches Branch in accordance with the terms and conditions of the contracts or rental agreements related to such safe deposit boxes.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (River Valley Bancorp)

Safe Deposit Business. (a) On and after the Closing Date, the Purchaser shall assume and thereafter fully and timely perform and discharge all of the Seller's obligations with respect to the Seller's safe deposit box business at the Branches in accordance with the terms and conditions of the contracts or rental agreements related to such safe deposit boxes.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Blue River Bancshares Inc)

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