XXX and Xxxxx Accounts Sample Clauses

XXX and Xxxxx Accounts. Seller shall make available to Purchaser on or before the Closing Date, Seller’s documents for each XXX Account or Xxxxx Account which is included in the Deposits and purchased Excluded Deposits, if any; provided that Seller shall retain copies of the records necessary for Seller to prepare and file reports with government agencies for periods prior to the Closing Date. Purchaser will prepare and file all reports to government authorities required to be filed for the period commencing on the Closing Date. Purchaser agrees to indemnify Seller (without regard to any Floor Amount or Ceiling Amount) for any liability incurred by Seller for any inconsistency of such reports with the Records provided by Seller so long as Seller’s records are accurate. Seller will prepare and file all reports to government authorities required to be filed for prior periods and shall indemnify Purchaser (without regard to any Floor Amount or Ceiling Amount) for any liability associated therewith.
Sample 1Sample 2
AutoNDA by SimpleDocs
XXX and Xxxxx Accounts. On or before the Closing Date, Seller shall (i) resign as of the close of business on the Closing Date as the trustee or custodian, as applicable, of each XXX and Xxxxx Account of which it is the trustee or custodian, (ii) to the extent permitted by the documentation governing each such XXX and Xxxxx Account and applicable law, appoint Purchaser as successor trustee or custodian, as applicable, of each such XXX and Xxxxx Account, and Purchaser hereby accepts each such trusteeship or custodianship under the terms and conditions of Purchaser's plan documents for its XXX and Xxxxx Accounts , and assumes all fiduciary and custodial obligations with respect thereto as of the close of business on the Closing Date, and (iii) deliver to the XXX grantor or Xxxxx Account named fiduciary of each such XXX or Xxxxx Account such notice of the foregoing as is required by the documentation governing each such XXX or Xxxxx Account or applicable law. Purchaser shall be solely responsible for delivering its XXX and Xxxxx Account documents to the applicable XXX grantor and Xxxxx Account named fiduciary, including but not limited to a beneficiary designation form to be completed by the applicable XXX grantor or Xxxxx Account participant; provided, however, that in the event that an XXX grantor or Xxxxx Account or ------------------ participant dies before such time as Purchaser receives a properly completed beneficiary designation form, Seller shall make available to Purchaser such information as may exist in Seller files regarding any beneficiary designation it may have regarding such decedent. If, pursuant to the terms of the documentation governing any such XXX or Xxxxx Account or applicable law, the Seller is not permitted to appoint Purchaser as successor trustee or custodian, or the XXX grantor or Xxxxx Account named fiduciary objects in writing to such designation, or is entitled to, and does, in fact, name a successor trustee or custodian other than Purchaser and the assumption of such deposit liabilities included in such XXX or Xxxxx Account would result in a loss of qualification of such XXX or Xxxxx Account under the Code or applicable IRS regulations, all deposit liabilities of such Seller held under such XXX or Xxxxx Account shall be excluded from the Deposit Liabilities. Upon appointment as a successor custodian for such XXX Deposit Liabilities or as a successor trustee for such IRAs or Xxxxx Accounts, Purchaser shall perform the services and carry out the duties...
Sample 1
XXX and Xxxxx Accounts. Seller, in its capacity as trustee of any Assumed Deposits which are XXX or Xxxxx deposits, shall to the extent legally permissible resign as trustee of such XXX and Xxxxx deposits and Seller shall appoint Buyer as successor trustee or custodian effective as of the Effective Date and Buyer shall accept such appointment.
Sample 1
XXX and Xxxxx Accounts. 29 6.11 ATM Cards .......................................................29 6.12 Leasing of Furniture, Fixtures and Equipment ....................30 6.13 Data Processing Conversion of Deposits and Handling of Certain Items.....................................30 6.14
Sample 1
XXX and Xxxxx Accounts. Seller shall deliver to Purchaser at Seller's offices in Minneapolis, Minnesota on the Closing Date, Seller's documents for each XXX or Xxxxx Account which is included in the Deposits; provided that Seller shall retain such amount of the records necessary for Seller to prepare and file reports with government agencies for periods prior to the Closing Date. Purchaser will prepare and file all reports to government authorities required to be filed for the period commencing on the Closing Date. Purchaser agrees to indemnify Seller for any liability incurred by Seller for any inconsistency of such reports with the Records provided by Seller. Seller will prepare and file all reports to government authorities required to be filed for prior periods and shall indemnify Purchaser for any liability associated therewith.
Sample 1
XXX and Xxxxx Accounts. 28 6.11 ATM/DEBIT CARDS........................................................... 28 6.12 DATA PROCESSING CONVERSION OF DEPOSITS AND HANDLING OF CERTAIN ITEMS...... 29
Sample 1
XXX and Xxxxx Accounts. Seller shall make available to Purchaser on or before the Closing Date, Seller's documents for each XXX or Xxxxx Account which is included in the Deposits; provided that Seller shall retain such amount of the records necessary for Seller to prepare and file reports with government agencies for periods prior to the Closing Date. Purchaser will prepare and file all reports to government authorities required to be filed for the period commencing on the Closing Date. Purchaser agrees to indemnify Seller (without regard to any Floor Amount or Ceiling Amount) for any liability incurred by Seller for any inconsistency of such reports with the Records provided by Seller so long as Seller's records are accurate in all relevant respects. Seller will prepare and file all reports to government authorities required to be filed for prior periods and shall indemnify Purchaser for any liability associated therewith.
Sample 1
AutoNDA by SimpleDocs
XXX and Xxxxx Accounts. Seller will deliver to Purchaser on the Closing Date Seller's documents for each XXX or Xxxxx Account which is included in the Assumed Deposits. Seller will prepare and file all reports to government authorities required to be filed for the period ending on the Business Day preceding the Closing Date and all prior periods. Purchaser will be responsible for all such reporting for periods commencing on the Closing Date.
Sample 1
XXX and Xxxxx Accounts. These accounts are governed by separate contracts and by the rules in this agreement for the type of IRA or XXXXX savings account opened.
Sample 1

Related to XXX and Xxxxx Accounts

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"):

  • Deposits to Lock-Box Accounts Deposit or otherwise credit, or cause or permit to be so deposited or credited, to any Lock-Box Account cash or cash proceeds other than Collections of Pool Receivables.

  • Collect Revenues, Apply Accounts Lender, either itself or through a receiver, may collect the payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender’s discretion transfer any Collateral into Lender’s own name or that of Lender’s nominee and receive the payments, rents, income, and revenues therefrom and hold the same as security for the Indebtedness or apply it to payment of the Indebtedness in such order of preference as Lender may determine. Insofar as the Collateral consists of accounts, general intangibles, insurance policies, instruments, chattel paper, choses in action, or similar property, Lender may demand, collect, receipt for, settle, compromise, adjust, xxx for, foreclose, or realize on the Collateral as Lender may determine, whether or not Indebtedness or Collateral is then due. For these purposes, Lender may, on behalf of and in the name of Grantor, receive, open and dispose of mail addressed to Grantor; change any address to which mail and payments are to be sent; and endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining to payment, shipment, or storage of any Collateral. To facilitate collection, Lender may notify account debtors and obligors on any Collateral to make payments directly to Lender.

  • Accounts Receivable and Accounts Payable 7 (a) General.....................................................7 (b)

  • Operating Accounts (a) Maintain its primary operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates.

  • Omnibus Accounts The Custodian may hold Foreign Securities and related Proceeds with one or more Foreign Sub-custodians or Eligible Securities Depositories in each case in a single account with such Sub-custodian or Securities Depository that is identified as belonging to the Custodian for the benefit of its customers; provided however, that the records of the Custodian with respect to Securities and related Proceeds that are property of the Company maintained in such account(s) shall identify by book-entry those Securities and other property as belonging to the Company.

  • Lock-Box Accounts The names and addresses of all of the Lock-Box Banks, together with the account numbers of the Lock-Box Accounts at such Lock-Box Banks, are specified in Schedule 6.1(n).

  • Payments and Credits with Respect to the Cash Accounts The Custodian shall make payments from or deposits to any of the cash accounts in the course of carrying out its administrative duties, including but not limited to income collection with respect to Investments, and otherwise in accordance with Instructions. The Custodian and its Sub-custodians shall be required to credit amounts to the cash accounts only when moneys are actually received in cleared funds in accordance with banking practice in the country and currency of deposit. Any credit made to any Principal or Agency Account or any other Fund account before actual receipt of cleared funds shall be provisional and may be reversed by the Custodian or its Sub-custodian in the event such payment is not actually collected. Unless otherwise specifically agreed in writing by the Custodian or any Sub-custodian, all deposits shall be payable only at the branch of the Custodian or Sub-custodian where the deposit is made or carried.

  • Lockbox Accounts The names and addresses of all the Lockbox Banks, together with the account numbers of the Lockbox Accounts of the Seller at each Lockbox Bank and the post office box numbers of the lockboxes, are listed on Schedule 6.1(o) (or have been notified to and approved by the Agents in accordance with Section 7.3(d)) and are the only post office boxes and accounts into which Collections of Receivables are deposited or remitted. The Seller has not granted any Person, other than the Administrative Agent for the benefit of the Secured Parties as contemplated by this Agreement, control of any lockbox or Lockbox Account, or the right to take control of any such lockbox or Lockbox Account at a future time.

Time is Money Join Law Insider Premium to draft better contracts faster.