Deposit Liability definition

Deposit Liability means deposit liabilities with respect to accounts, which are booked by Seller at the Branches as of the date hereof, and deposit liabilities with respect to the accounts listed on Schedule 1.1(e) attached hereto, in each case as of the close of business on the Closing Date, which are defined as deposits in the Federal Deposit Insurance Act, 12 U.S.C. 1813, including in each case collected and uncollected deposits plus Accrued Interest, except that Deposit Liabilities shall not include the Excluded Deposits.

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Deposit Liability means Seller’s obligations and liabilities relating to Seller’s deposit accounts at the Branches that are listed on Schedule 2(a)(1) and that are opened on behalf of a customer between the date of this Agreement and the close of business on the Closing Date that are added to Schedule 2(a)(1), together with Accrued Interest thereon, all as exists at the close of business on the Closing Date.

Deposit Liability means Seller’s obligations and liabilities relating to (a) Seller’s deposit accounts at the Branches which are listed on Schedule 8, and (b) Seller’s deposit accounts at the Branches which are opened on behalf of a customer between the date of this Agreement and the close of business on the Closing Date which are added to Schedule 8, in the case of each of clauses (a) and (b), together with Accrued Interest thereon, all as exists at the close of business on the Closing Date, but, in the case of each of clause (a) and (b), excluding the (1) Excluded Deposits, (2) any claim or other liability relating to the origination or administration of any deposit account prior to the close of business on the Closing Date and (3) obligations and liabilities relating to deposit accounts owned or maintained by Affiliates of Seller. Notwithstanding the above, Deposit Liabilities shall not include any deposits used as collateral for an Excepted Loan.

Examples of Deposit Liability in a sentence

• Certain Liabilities Assumed 43 2.1(a) Excluded Deposit Liability Accounts 44 3.1 Certain Assets Purchased 45 3.2 Purchase Price of Assets or Assets 46 3.5(l) Excluded Securities 48 4.15A Single Family Loss Share Loans.

• On the Transfer Date, Sellers shall deactivate all ATM/Debit cards issued with respect to all Deposit Liability accounts and shall electronically block access of those cards to the Deposit Liability accounts, and shall deactivate the ATMs not later than 8:00 a.m. on the Transfer Date.

• On the day after the Closing Date, Seller shall deactivate all ATM/Debit cards issued with respect to all Deposit Liability accounts and shall electronically block access of those cards to the Deposit Liability accounts, and shall deactivate the ATMs not later than 8:00 a.m. on the day after the Closing Date.

• In connection with Retirement Accounts, Purchaser shall assume, in addition to the Deposit Liability, the plan pertaining thereto and the custodial arrangement in connection therewith.

• All financial, Deposit Liability and Loan information regarding the Branches provided to Purchaser by Seller was accurate and complete in all material respects as of the date when provided; provided that certain of such historical information may not reflect the allocation of certain Deposit Liabilities and Loans to the Branches in connection with Fleet's application to the Board with respect to the transactions contemplated by the Parent Merger Agreement.

More Definitions of Deposit Liability

Deposit Liability means, collectively, the Consumer Deposit Liabilities, the Small Business Bank Deposit Liabilities, and the Commercial Deposit Liabilities, but shall exclude the Excluded IRA/Keogh/Employee Pension Plan Deposits and the Exclud▇▇ D▇▇▇▇▇ts.

Deposit Liability means all of Seller’s obligations and liabilities relating to (a) the deposit accounts listed on Schedule 5.12 hereto, and (b) deposit accounts which are opened on behalf of a customer by Bank Employees between the date indicated on Schedule 5.12 and the close of business on the Closing Date, including, without limitation, all passbook accounts, statement savings accounts, checking, Money Market and NOW accounts and certificates of deposit, together with Accrued Interest thereon, all as exists at the close of business on the Closing Date, but excluding any claim or other liability relating to the origination of any such deposit account or the administration of any such deposit account prior to the close of business on the Closing Date.

Deposit Liability means liability in respect of a deposit (as so construed), including where appropriate, a sum due as a debt to the Authority by virtue of subsection (4) of section 62, and “depositor” and related expressions shall be construed accordingly;

Deposit Liability means all of Seller’s obligations and liabilities relating to (a) Seller’s deposit accounts, which are listed on Schedule 1.1(iv) hereto, and (b) deposit accounts which are opened on behalf of a customer between the date indicated on Schedule 1.1(iv) and the close of business on the Closing Date, in the case of each of clauses (a) and (b), together with Accrued Interest thereon, all as exists at the close of business on the Closing Date, but excluding any claim or other liability of any kind, including without limitation, relating to the origination of any such deposit account or the administration of any such deposit account arising or occurring or originating prior to the close of business on the Closing Date.

Deposit Liability means the Consumer Deposit Liabilities and the Small Business Bank Deposit Liabilities, but shall exclude the Excluded ▇▇▇/▇▇▇▇▇/Employee Pension Plan Deposits and the Excluded Deposits.

Deposit Liability means the Consumer Deposit Liabilities, Consumer CD Liabilities, Commercial Deposit Liabilities, Commercial CD Liabilities, and Government Deposit Liabilities. Deposit Liabilities shall exclude the Government CD Liabilities and all Consumer Deposit Liabilities or Commercial Deposit Liabilities that are also Excluded ▇▇▇/▇▇▇▇▇/Employee Pension Plan Deposits.

Deposit Liability means the aggregate amount of money shown by the books of the savings bank to be owed the savings bank's deposit account holders after applying any legal or contractual reduction.