Common use of Checking Accounts Clause in Contracts

Checking Accounts. Within ten (10) Business Days following the Closing Date, Buyer, at its sole expense, will mail to holders of those Deposits acquired from Seller which may be accessed by checks, new checks MICR encoded with Buyer's routing and transit numbers and the Buyer's customer identification number. On a daily basis, Seller, at its sole expense, will outsort all Branch checks received by it drawn on accounts assumed by Buyer and prepare them for delivery within one Business Day to Buyer's service center at Buyer's expense. Buyer accepts full responsibility to either pay the items or return them in accordance with the customer agreement and the California Uniform Commercial Code and all applicable federal laws and regulations. Seller's obligation to outsort and deliver such Branch checks shall continue for sixty (60) days after the Closing Date. After the sixty (60) day period, Seller will stop accepting such items and will return items marked "Refer to Maker." Seller will furnish to Buyer a daily accounting of debits to its clearing account. On a daily basis, Buyer and Seller will agree on the settlement amounts of inclearing items transferred by Seller to Buyer. Buyer will remit the settlement amount on the next Business Day, by immediately available funds, to the Seller.

Checking Accounts. Within ten (10) Business Days following Prior to the Closing Conversion Date, Buyer, at its sole expense, will mail to holders of those Deposits acquired from Seller which may be accessed by checks, new checks MICR encoded with Buyer's routing and transit numbers and the Buyer's customer identification number. On a daily basis, Seller, at its sole expense, will outsort all Branch checks received by it drawn on accounts assumed by Buyer and prepare them for delivery within one Business Day to Buyer's service center at Buyer's expense. Buyer accepts full responsibility to shall either pay the items or return them in accordance with the customer agreement and the California Uniform Commercial Code and all applicable federal laws and regulations. Seller's obligation to outsort and deliver such Branch checks shall continue for sixty forty five (6045) days after the Closing Date. After the sixty forty-five (6045) day period, Seller will stop accepting such items and will return items marked "Refer to Maker." Seller will furnish to Buyer a daily accounting of debits to its clearing account. On a daily basis, Buyer and Seller will agree on the settlement amounts of inclearing items transferred by Seller to Buyer. Buyer will remit the settlement amount on the next Business Day, by immediately available funds, to the Seller.

Checking Accounts. Within ten (10) Business Days following the Closing Date, Buyer, at its sole expense, will mail to holders of those Deposits acquired from Seller which may be accessed by checks, new checks MICR encoded with Buyer's routing and transit numbers and the Buyer's customer identification number. On a daily basis, Seller, at its sole expense, will outsort all Branch checks received by it drawn on accounts assumed by Buyer and prepare them for delivery within one Business Day to Buyer's service center at Buyer's expense. Buyer accepts full responsibility to shall either pay the items or return them in accordance with the customer agreement and the California Uniform Commercial Code and all applicable federal laws and regulations. Seller's obligation to outsort and deliver such Branch checks shall continue for sixty (60) days after the Closing Date. After the sixty (60) day period, Seller will stop accepting such items and will return items marked "Refer to Maker." Seller will furnish to Buyer a daily accounting of debits to its clearing account. On a daily basis, Buyer and Seller will agree on the settlement amounts of inclearing items transferred by Seller to Buyer. Buyer will remit the settlement amount on the next Business Day, by immediately available funds, to the Seller.

Checking Accounts. Within ten Five (105) Business Days following business days prior to the anticipated Closing Date, Buyer, at its sole expense, will mail to holders of those Deposits acquired from Seller Accounts which may be accessed by checks, new checks checks, MICR encoded with Buyer's routing and transit numbers number and the Buyer's customer identification number. On a daily basis, Seller, at its sole expense, Seller will outsort all Branch checks received by it Seller drawn on accounts assumed by Buyer Accounts and prepare them for delivery within one Business Day to Buyer's service center at Buyercenter. Buyer shall determine the method by which such checks will be delivered to Buyer from Seller's expenseservice center. Buyer accepts full responsibility to either pay the items or return them in accordance with the customer agreement and agreement, the California Uniform Commercial Code Code, and all applicable federal laws and regulations. Seller's obligation to outsort and deliver such Branch checks shall continue for sixty one hundred twenty (60120) calendar days after the Closing Date. After the sixty one hundred twenty (60120) calendar day period, Seller will stop accepting such items and will return such items marked "Refer to Maker." Seller will furnish to give Buyer a daily accounting of debits to its clearing account. On a daily basis, Buyer and Seller will daily agree on the settlement amounts amount of inclearing items checks transferred by Seller to Buyer. Buyer will then remit the settlement amount such amount, by wire transfer on the next Business Day, by immediately available fundssame day, to the Seller.

Checking Accounts. Within ten (10) Business Days following Prior to the Closing Conversion Date, Buyer, at its sole expense, will mail to holders of those Deposits acquired from Seller which may be accessed by checks, new checks MICR encoded with Buyer's routing and transit numbers and the Buyer's customer identification number. On a daily basis, Seller, at its sole expense, will outsort all Branch checks received by it drawn on accounts assumed by Buyer and prepare them for delivery within one Business Day to Buyer's service center at Buyer's expense. Buyer accepts full responsibility to shall either pay the items or return them in accordance with the customer agreement and the California Uniform Commercial Code and all applicable federal laws and regulations. Seller's obligation to outsort and deliver such Branch checks shall continue for sixty (60) days after the Closing Date. After the sixty (60) day period, Seller will stop accepting such items and will return items marked "Refer to Maker." Seller will furnish to Buyer a daily accounting of debits to its clearing account. On a daily basis, Buyer and Seller will agree on the settlement amounts of inclearing items transferred by Seller to Buyer. Buyer will remit the settlement amount on the next Business Day, by immediately available funds, to the Seller.