Assumption of Deposit Liabilities. 2 1.3 HOLDING COMPANY MERGER..........................................2 1.4 TRANSFER OF BANK ASSETS AND LIABILITIES TO CCB..................2 1.5
Assumption of Deposit Liabilities. Immediately following the consummation of the Bank Merger, and without any action on the part of FMB, the Surviving Bank shall transfer and CCB shall assume the following liabilities (the "Deposit Liabilities"):
Assumption of Deposit Liabilities. CIB shall assume at Book Value all of the FDIC insured and uninsured deposit accounts generally originating at and attributable to the Facilities, including demand deposit accounts, passbook savings, money market accounts, certificates of deposit and negotiable order of withdrawal accounts, as of the Closing Date (the "Deposit Liabilities"); provided, however, that Deposit Liabilities shall not include: (i) deposit accounts which cannot lawfully be transferred by PNB to CIB; and (ii) deposit accounts which CIB, following its Initial Investigation or Closing Investigation pursuant to Section 4.12 hereof, identifies in writing to PNB as deposit accounts that it will not assume. Schedule 2.1, attached hereto and specifically incorporated herein by this reference, sets forth the name of the accountholder, type of account, account number, account opening date, account officer, current balance, accrued interest, interest rate, ownership class, status of account, service charge information and account maturity date of the Deposit Liabilities as of December 1, 1998. On or before the Transfer Date, PNB agrees to deliver to CIB an updated statement in the form of Schedule 2.1 identifying the Deposit Liabilities as of the Closing Date.
Assumption of Deposit Liabilities. (a) Union agrees, subject to the terms and conditions of this Agreement, to assume and to pay, perform and discharge all deposit liabilities of Eagle, including accrued interest, attributed on the records of Eagle to the Danbury Offices at the close of business on the Effective Date.
Assumption of Deposit Liabilities. Upon the terms and subject to the conditions hereinafter set forth and except as otherwise provided herein, Seller hereby agrees to transfer and assign, and the Bank hereby agrees to accept and assume the obligations of Seller for all deposit accounts, of every kind and description, maintained at or for the Branch Office at the close of business on the Closing Date, together with unpaid accrued interest thereon through the Closing Date (such deposits and such unpaid accrued interest hereinafter collectively referred to as the “Deposit Liabilities”), including without limitation, with respect to each Individual Retirement Account included among the Deposit Liabilities, the custodial arrangements and responsibilities in connection therewith. The Deposit Liabilities shall not include deposits which cannot lawfully be transferred and also shall not include any deposits of the City of Inverness. The term “accrued interest” shall mean interest on Deposit Liabilities which is accrued but unposted through the Closing Date. A list of all deposits at the Branch Office as of December 30, 2010 (which list shall include the rate of interest being paid on each of the deposits, the interest compound frequency, and whether the interest is paid on the collective balance or available balance of the deposit) is included in Schedule III to this Agreement.
Assumption of Deposit Liabilities. Within 30 days after the Closing ---------------------------------- Date, Buyer shall provide proof to Seller that it has provided FDIC with a signed and dated copy of Exhibit B hereto.
Assumption of Deposit Liabilities. (a) Seller agrees to transfer all of Seller's rights appertaining to the deposit contracts and relationships giving rise to the Deposits (as defined below), subject to the terms and conditions of this Agreement, which rights Purchaser is assuming under this Agreement. Purchaser agrees, subject to the terms and conditions of this Agreement, to assume and to pay, perform and discharge all Deposits (as defined below), including accrued and unpaid interest, attributed to the Cambridge Office at the Effective Time. "
Assumption of Deposit Liabilities. Except as specifically provided below and upon the terms and subject to the conditions set forth in this Agreement:
Assumption of Deposit Liabilities. (a) Liberty agrees, subject to the terms and conditions of this Agreement, to assume and to pay, perform and discharge all Deposits (defined below), including accrued interest, attributed to the Middlefield Office at the close of business on the Effective Date. "
Assumption of Deposit Liabilities. Section 3.1 Deposits Assumed by Purchaser Section 3.2 Interest on Deposit Liabilities Assumed Section 3.3 Successor Custodian Section 3.4 Notice to Depositors Pending Regulatory Approval Section 3.5 Notice to Depositors Subsequent to Regulatory Approval Section 3.6 Seller’s Final Customer Statements Section 3.7 Payment of Deposit Liabilities After Effective Time
