Examples of Deposit Liabilities in a sentence
All Deposit Liabilities are fully insured to the applicable limits of deposit insurance by the FDIC and all premiums and assessments required to be paid as of the date hereof in connection therewith have been paid by Seller.
If any Customer who has a Deposit Liability account draws checks, drafts, or negotiable orders of withdrawal against the Deposit Liabilities which are presented or delivered to Seller not later than 90 days after the Closing Date, Seller shall use its commercially reasonable efforts to batch all such checks, drafts, negotiable orders of withdrawal, or other withdrawal order forms and to deliver the same to Purchaser at Purchaser’s sole expense.
The Deposit Liabilities were opened, extended or made, and have been maintained, in all material respects in accordance with all applicable federal and state laws, regulations, rules and orders.
The Deposit Liabilities (a) are in all respects genuine and enforceable obligations of Seller, and (b) except as set forth in Schedule 6.11 were acquired in the ordinary course of Seller’s business.
Seller has delivered to Purchaser a true and correct copy of the current account forms for each of the types of Deposit Liabilities offered by Seller out of the Branches.