Common use of Assumption of IRAs Clause in Contracts

Assumption of IRAs. Subject to Sections 2(c) and 6(b)(5), Buyer agrees that after the Closing, it will perform all of the duties so delegated as successor custodian and comply with the terms of Seller’s agreement with the depositor of the IXX and Kxxxx Account Deposits affected thereby.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (First Financial Bancorp /Oh/), Purchase and Assumption Agreement (Peoples Community Bancorp Inc /Md/)

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Assumption of IRAs. Subject to Sections 2(c) and 6(b)(5), Buyer agrees that after the Closing, it will perform all of the duties so delegated as successor custodian and comply with the terms of Seller’s agreement with the depositor of the IXX and Kxxxx XXX Account Deposits affected thereby.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (United Community Financial Corp), Purchase and Assumption Agreement (Croghan Bancshares Inc)

Assumption of IRAs. Subject to Sections 2(c) and 6(b)(5), Buyer agrees that after the Closing, it will perform all of the duties so delegated as successor custodian and comply with the terms of Seller’s agreement with the depositor of the IXX and Kxxxx Account Deposits XXX deposits affected thereby.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Peoples Community Bancorp Inc /Md/)

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Assumption of IRAs. Subject to Sections Section 2(c) and Section 6(b)(5), Buyer agrees that after the Closing, it will perform all of the duties so delegated as successor custodian and comply with the terms of Seller’s agreement with the depositor of the IXX and Kxxxx Account Deposits affected thereby.

Appears in 1 contract

Samples: Branch Purchase Agreement (German American Bancorp, Inc.)

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