Common use of Safe Deposit Business Clause in Contracts

Safe Deposit Business. From and after the Closing Date, Purchaser shall perform and discharge all of Seller’s liabilities with respect to the Safe Deposit Business, including, without limitation, maintaining all necessary facilities and providing all necessary services for the use of the safe deposit boxes by the renters thereof, in accordance with the terms and conditions of the applicable agreements with Seller relating to such boxes, and Purchaser shall otherwise comply with the New York State Banking Law relating to the Safe Deposit Business.

Appears in 2 contracts

Samples: Purchase Agreement (First Niagara Financial Group Inc), Purchase Agreement (Legacy Bancorp, Inc.)

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Safe Deposit Business. From and after the Closing Date, Purchaser Buyer shall perform and discharge all of Seller’s 's liabilities and obligations with respect to the Safe Deposit Business, including, without limitation, including maintaining all necessary facilities and providing all necessary services for the use of the safe deposit boxes by the renters thereof, in accordance with the terms and conditions provisions of the applicable leases or other agreements with Seller relating to such boxesboxes and their location, until such terms and Purchaser shall otherwise comply with the New York State Banking Law relating to the Safe Deposit Businessprovisions are properly modified by Buyer.

Appears in 1 contract

Samples: Assets and Liability Assumption Agreement (Mellon Financial Corp)

Safe Deposit Business. From and after the Closing Date, Purchaser shall perform and discharge all of Seller’s 's liabilities with respect to the Safe Deposit Business, including, without limitation, including maintaining all necessary facilities and providing all necessary services for the use of the safe deposit boxes by the renters thereof, in accordance with the terms and conditions provisions of the applicable leases or other agreements with Seller relating to such boxes, until such terms and Purchaser shall otherwise comply with the New York State Banking Law relating to the Safe Deposit Businessprovisions are properly modified by Purchaser.

Appears in 1 contract

Samples: Assets and Liability Assumption Agreement (Ohio State Bancshares Inc)

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Safe Deposit Business. From and after the Closing Date, Purchaser shall perform and discharge all of Seller’s liabilities with respect to the Safe Deposit Business, except for those liabilities otherwise allocated to Seller hereby, including, without limitation, maintaining all necessary facilities and providing all necessary services for the use of the safe deposit boxes by the renters thereof, in accordance with the terms and conditions of the applicable agreements with Seller relating to such boxes, and Purchaser shall otherwise comply with the New York State Banking Law relating to the Safe Deposit Business.

Appears in 1 contract

Samples: Purchase Agreement (First Niagara Financial Group Inc)

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