Excluded Deposits means (w) those deposit liabilities that are or would be considered “brokered deposits” for purposes of the rules and regulations of the FDIC, (x) Escheat Deposits, (y) those deposit liabilities that constitute security for loans that are not to be transferred to Purchaser under the terms of this Agreement, and (z) those deposit liabilities that have been opened by an employee (other than a Transferred Employee) or former employee of Seller.
Excluded Deposits means (w) those deposit liabilities that are or would be considered “brokered deposits” for purposes of the rules and regulations of the FDIC, any of which, as of the date hereof, are listed on Exhibit 1.1(e)(i), (x) Escheat Deposits, (y) those deposit liabilities (i) related to a financial advisory relationship with Seller’s Xxxxxxx Xxxxx Wealth Management or US Trust divisions, (ii) related to a client managed relationship in Seller’s Business Banking, Middle Market, or Large Corporate divisions or any other non-retail division, (iii) linked to affinity relationships or programs set forth on Exhibit 1.1(e)(iii) (and such Exhibit 1.1(e)(iii) shall be updated by Seller as of 5:00 p.m., Eastern time, on the date that is five (5) Business Days prior to the Closing Date (and delivered to Purchaser on or before the date that is three (3) Business Days prior to the Closing Date), or (iv) that constitute security for loans that are not to be transferred to Purchaser under the terms of this Agreement, and (z) those deposit liabilities that have been opened by an employee (other than a Transferred Employee) or former employee of Bank of America Corporation.
Excluded Deposits means all of Seller’s obligations and liabilities relating to Seller’s deposit accounts at the Branches which are (a) Excluded IRAs, (b) Excluded Keoghs, or (c) subject to any order, agreement or encumbrance that materially restricts the payment of funds from such accounts at the Branches.
Examples of Excluded Deposits in a sentence
Sellers and Purchaser will develop appropriate procedures and arrangements to provide for settlement by Seller of Items which are presented or delivered to Purchaser after the Conversion Date and which relate to the Excluded Deposits and Excluded Loans, all of which shall be provided by Purchaser without expense to Seller for a period of sixty (60) days after the Conversion Date.
Except as specifically listed or described in Section 2.3, pursuant to this Agreement, Purchaser shall not assume, nor become responsible for, any other Liability of Seller, including the Excluded Deposits and Liabilities in respect of or relating to the Acquired Assets to the extent arising prior to the Closing (collectively, the “Excluded 11 Liabilities”).
Without limitation, the Excluded Liabilities specifically include the Excluded Deposits and the Excluded IRA Deposits.
Our focus will continue to be on the early senior clinical review of patients along all parts of the care pathway.
More Definitions of Excluded Deposits
Excluded Deposits means: (i) all wholesale commercial deposits (i.e., with account analysis or cash management services); and (ii) certain business related deposit liabilities excluded by Seller. All Excluded Deposits have been previously removed from deposit lists provided to Purchaser.
Excluded Deposits means: (i) all wholesale commercial deposits (i.e., with account analysis or cash management services); and (ii) certain business related deposit liabilities excluded by Seller.
Excluded Deposits means all of the following Deposits existing on the Closing Date: (i) Deposits listed on Schedule 1.3, as updated on the Closing Date, (ii) Deposits excluded pursuant to Section 2.4(b) or 4.11 or excluded by mutual written agreement of Seller and Purchaser, (iii) Deposits specifically securing, pursuant to express terms of Loan documents, Loans or other extensions of credit by Seller, (iv) Deposits held in accounts for which Seller acts as fiduciary (other than IRAs assigned to Purchaser under Section 2.4), (v) Deposits subject to legal process as shown on Records, (vi) Deposits which are treated as abandoned property under Florida abandoned property laws, (vii) Deposits held in any XXX where the account holder has notified Seller or Purchaser of his, her or its objection to Purchaser acting as custodian of such XXX, (viii) Deposits held in the name of Seller or any of its affiliated entities as depositor, (ix) Deposits represented by official checks, travelers checks, money orders, or certified checks of Seller, (x) accounts designated as “closed” on the books and records of Seller, and (xi) certain Deposits selected by Seller that relate to depositors who have Loans related to the Branches; provided that, the amount of such Deposits shall not exceed two percent (2%) of all of the Deposits at any Branch.
Excluded Deposits means (i) all Deposit Account Liabilities owned by affiliates of Seller or employees of Seller (other than Transferred Employees), (ii) Deposit Account Liabilities subject to a hold or similar legal process, (iii) deposits which have been reported as abandoned property under the abandoned property laws of any jurisdiction, (iv) deposits required as compensating balances with respect to loans or other extensions of credit not included in the Purchased Assets, and (v) Deposit Account Liabilities constituting obligations of Seller represented by certified checks drawn on Seller. The Excluded Deposits as of the date of this Agreement are listed on the attached Schedule 1.1(d) and as will be updated as of the date of the Draft Closing Statement.
Excluded Deposits shall have the meaning set forth in Section 1.2(g). “Excluded Liabilities” shall have the meaning set forth in Section 2.3(b). “Excluded Licenses” shall have the meaning set forth in Section 1.2(d).
Excluded Deposits means those Deposit Liabilities of Seller that are (i) specified on Schedule 1.1(j) or (ii) originated after the date of this Agreement.
Excluded Deposits means, if any, the deposit liabilities set forth in Schedule 1.1(d).