Common use of Safe Deposit Business Clause in Contracts

Safe Deposit Business. (a) As of the Effective Time, Purchaser will assume and discharge Seller's obligations with respect to the safe deposit box business at the Banking Center in accordance with the terms and conditions of contracts or rental agreements related to such business, and Purchaser will maintain all facilities necessary for the use of such safe deposit boxes by persons entitled to use them.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (CNB Financial Services Inc), Purchase and Assumption Agreement (Abc Bancorp), Purchase and Assumption Agreement (Abc Bancorp)

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Safe Deposit Business. (a) As of the Effective Time, Purchaser will assume and discharge Seller's obligations with respect to the safe deposit box business at the Banking Center Centers in accordance with the terms and conditions of contracts or rental agreements related to such business, and Purchaser will maintain all facilities necessary for the use of such safe deposit boxes by persons entitled to use them.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Bancfirst Corp /Ok/), Purchase and Assumption Agreement (First South Bancorp Inc /Va/), Purchase and Assumption Agreement (Newsouth Bancorp Inc)

Safe Deposit Business. (a) As of On and after the Effective TimeDate, Purchaser will assume and discharge Seller's obligations with respect to the safe deposit box business at the Banking Center Branch in accordance with the terms and conditions of contracts or rental agreements related to such business, and Purchaser will maintain all facilities reasonably necessary for the use of such safe deposit boxes by persons entitled to use them.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (C & S Bancorporation Inc), Purchase and Assumption Agreement (Pab Bankshares Inc)

Safe Deposit Business. (a) As of the Effective Time, Purchaser will assume and discharge Seller's obligations with respect to the safe deposit box business at the Banking Center Facilities in accordance with the terms and conditions of contracts or rental agreements related to such business, and Purchaser will maintain all facilities necessary for the use of such safe deposit boxes by persons entitled to use them.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Republic Bancshares Inc), Purchase and Assumption Agreement (Republic Bancshares Inc)

Safe Deposit Business. (a) As of the Effective Time, Purchaser Buyer will assume and discharge Seller's obligations with respect to the safe deposit box business at the Banking Center Real Property in accordance with the terms and conditions of contracts or rental agreements related to such business, and Purchaser Buyer will maintain all facilities necessary for the use of such safe deposit boxes by persons entitled to use them.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Rurban Financial Corp), Purchase and Assumption Agreement (First Defiance Financial Corp)

Safe Deposit Business. (a) As of the Effective Time, Purchaser will assume and discharge Seller's obligations with respect to the safe deposit box business at the Banking Center Branch Offices in accordance with the terms and conditions of contracts or rental agreements related to such business, and Purchaser will maintain all facilities necessary for the use of such safe deposit boxes by persons entitled to use them.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Essex Bancorp Inc)

Safe Deposit Business. (a) As of the Effective Time, Purchaser Buyer will assume and discharge Seller's Seller obligations with respect to the safe deposit box business at the Banking Center Branches in accordance with the terms and conditions of contracts or rental agreements related to such business, and Purchaser Buyer will maintain all facilities necessary for the use of such safe deposit boxes by persons entitled to use them.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Second Bancorp Inc)

Safe Deposit Business. (a) As of the Effective Time, Purchaser will assume and discharge Seller's Sellers’ obligations with respect to the safe deposit box business at the Banking Center Bank Branch in accordance with the terms and conditions of contracts or rental agreements related to such business, and Purchaser will maintain all facilities necessary for the use of such safe deposit boxes by persons entitled to use them.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Ohio Legacy Corp)

Safe Deposit Business. (a) As of the Effective Time, Purchaser will assume and discharge Seller's obligations with respect to the safe deposit box business at the Banking Center Branch Office in accordance with the terms and conditions of contracts or rental agreements related to such business, and Purchaser will maintain all facilities necessary for the use of such safe deposit boxes by persons entitled to use themthem during the period for which such boxes have been rented and the rent theretofore paid to Seller.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Bank Corp of Georgia)

Safe Deposit Business. (a) As of the Effective Time, Purchaser Purchasers will assume and discharge Seller's Sellers' obligations with respect to the safe deposit box business at the Banking Center Centers in accordance with the terms and conditions of contracts or rental agreements related to such business, and Purchaser Purchasers will maintain all facilities necessary for the use of such safe deposit boxes by persons entitled to use them.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First United Corp/Md/)

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Safe Deposit Business. (a) As of the Effective Time, Purchaser Purchasers will assume and discharge Seller's Sellers obligations with respect to the safe deposit box business at the Banking Center Centers in accordance with the terms and conditions of contracts or rental agreements related to such business, and Purchaser Purchasers will maintain all facilities necessary for the use of such safe deposit boxes by persons entitled to use them.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Huntington Bancshares Inc/Md)

Safe Deposit Business. (a) As of the Effective Time, Purchaser will assume and thereafter faithfully honor and fully and timely perform and discharge Seller's obligations with respect to the safe deposit box business at the Banking Center Centers in accordance with the terms and conditions of contracts or rental agreements related to such business, and Purchaser will maintain all facilities necessary for the use of such safe deposit boxes by persons entitled to use them.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Union Bankshares Inc)

Safe Deposit Business. (a) As of the Effective Time, Purchaser will assume and discharge Seller's obligations with respect to the safe deposit box business at the Banking Center Branch Office in accordance with the terms and conditions of contracts or rental agreements related to such business, and Purchaser will maintain all facilities necessary for the use of such safe deposit boxes by persons entitled to use them. (b) As of the Effective Time, Purchaser shall maintain and safeguard the records related to such safe deposit box business, and Purchaser shall be responsible for granting access to and protecting the contents of safe deposit boxes at the Branch Office.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Crescent Banking Co)

Safe Deposit Business. (a) As of the Effective Time, Purchaser will assume and discharge Seller's Sellers' obligations with respect to the safe deposit box business at the Banking Center in accordance with the terms and conditions of contracts or rental agreements related to such business, and Purchaser will maintain all facilities necessary for the use of such safe deposit boxes by persons entitled to use them.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Shares Bancorp Inc)

Safe Deposit Business. (a) As of On and after the Effective TimeDate, Purchaser will assume and discharge Seller's obligations with respect to the safe deposit box business at the Banking Center Branches in accordance with the terms and conditions of contracts or rental agreements related to such business, and Purchaser will maintain all facilities necessary for the use of such safe deposit boxes by persons entitled to use them. A current list of the Safe Deposit Box Contracts is set forth in Schedule 1.6.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Union Bankshares Corp)

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