ALCO Management. The Seller and the Seller Bank agree to manage their assets and liabilities in accordance with Seller's asset and liability management policy as in effect on the date hereof, unless otherwise agreed by the parties. Neither the Seller nor the Seller Bank shall amend or modify such policy without the express written consent of the Buyer. The Seller and the Buyer agree to consult on investment programs to be administered by the Seller Bank.
ALCO Management. The Company and the Company Bank agree to manage their assets and liabilities in accordance with Company’s asset and liability management policy as in effect on the date hereof, unless otherwise agreed by the parties. Neither the Company nor the Company Bank shall amend or modify such policy without the express written consent of Parent. The Company and Parent agree to consult on investment programs to be administered by the Company Bank.
ALCO Management. KSB and the Bank agree that during the period from --------------- the date of this Agreement through the Effective Time, they will consult with Camden in the development of a reasonable program to manage the Bank's interest sensitive assets and liabilities (including its fixed-rate mortgage portfolio and its investment portfolio), which program will include a policy not to acquire securities for the investment portfolio of the Bank other than securities which were issued by the United States of America and have a maturity date that is not more than two years after the date of acquisition thereof, unless otherwise agreed by the parties. KSB, the Bank and Camden agree to consult on investment programs to be administered by the Bank.
ALCO Management. The Seller agrees that during the period from the date of this Agreement through the Effective Time, the Seller will not change or amend its existing policies for managing, and reducing the negative impact of a change in interest rates on the Seller Bank's interest sensitive assets and liabilities (including its fixed-rate mortgage portfolio and its investment portfolio), other than such changes or amendments which could not reasonably be expected to have a Material Adverse Effect on the Seller.
ALCO Management. FSB agrees that during the period from the date of this Agreement through the Effective Time, FSB will consult with BPFH in the development of a reasonable program to manage FSB's, FSB's Bank's and any Subsidiaries' interest rate sensitive assets and liabilities (including the respective fixed-rate mortgage portfolios and investment portfolios), which program will include a policy not to acquire securities for the investment portfolio of FSB, FSB's Bank or any Subsidiary if such securities have a maturity date that is more than five (5) years after the date of acquisition thereof, unless otherwise agreed by the
ALCO Management. 30 5.10 Deposit Incentive Plan..........................................30 5.11
ALCO Management. Strata Bank agrees, from the date of this Agreement through the MHC Effective Time, to manage its assets and liabilities in accordance with its asset and liability management policies as in effect on the date of this Agreement, unless otherwise agreed by the parties. Strata Bank shall not amend or modify such policy without the express written consent of Middlesex. Strata Bank agrees to consult with MSB on investment programs to be administered by Strata Bank.
ALCO Management. Chart agrees to manage its assets and liabilities in accordance with Chart's asset and liability management policy as in effect on the date hereof, unless otherwise agreed by the parties. Chart shall not materially amend or modify such policy without the express written consent of Bancorp's Authorized Representative. Chart and Bancorp agree to consult on investment programs to be administered by Chart.
ALCO Management. Manage its assets and liabilities in any material manner contrary to its asset and liability management policies as in effect on the date of this Agreement; or amend or modify such policy. Without limiting the foregoing, the Bank shall not alter the composition of its deposits by materially increasing the amount of brokered certificates of deposit or internet deposits.
ALCO Management. Lincoln Bank and Ion Bank agree to manage their assets and liabilities in accordance with their asset and liability management policies as in effect on the date of this Agreement, unless otherwise agreed by the parties. Neither Lincoln Bank nor Ion Bank shall amend or modify such policy without the express written consent of the other party. Lincoln Bank and Ion Bank agree to consult on investment programs to be administered by Lincoln Bank and Ion Bank, respectively.
