Common use of ATMs and Debit Cards Clause in Contracts

ATMs and Debit Cards. (a) SELLER shall provide to BUYER no later than sixty (60) days prior to the Closing Date, a test tape, along with a file format or file layout and a production tape thirty (30) days before the Closing Date, containing customer name, card number, withdrawal limits, the Deposit Accounts activated by, accessible to or committed to such cards, issue dates and/or open dates, last transaction dates, and expiration dates as to all ATM and debit cards issued to customers of the SELLER for the Offices. SELLER shall cause its ATM processor to deactivate the operation of the SELLER ATM and debit cards completely or to deactivate or disconnect the Deposit Accounts from such SELLER ATM and debit cards no later than the business day cutoff on the date prior to the Closing Date so that all activity generated by the SELLER ATM and debit cards shall have settled prior to the Closing Date. All transactions and activity related to the SELLER ATM and debit cards following the Closing Date which are received or forwarded to SELLER will be accepted and forwarded by SELLER to BUYER along with all corresponding funds. SELLER thereafter agrees to immediately notify its processor to deactivate such ATM and debit cards and to forward all transactions related thereto directly to BUYER.

Appears in 2 contracts

Samples: Office Purchase and Assumption Agreement (Isb Financial Corp/La), Office Purchase and Assumption Agreement (Isb Financial Corp/La)

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ATMs and Debit Cards. (a) SELLER shall provide to BUYER BUYER, no later than sixty (60) days prior to the Closing Date, a test tape, along with a file format or file layout and a production tape thirty (30) days before the Closing Date, containing customer name, card number, withdrawal limits, the Deposit Accounts activated by, accessible to or committed to such cards, cards issue dates and/or open dates, last transaction dates, and expiration dates as to all ATM and debit cards issued to customers of the SELLER for Offices and shall notify the Offices. SELLER shall cause its ATM appropriate processor to deactivate the operation of the SELLER such ATM and debit cards completely or to deactivate or disconnect the Deposit Accounts from such SELLER ATM and debit cards no later than the business day cutoff on the date prior to the Closing Date so that all activity generated by the SELLER such ATM and debit cards shall have settled prior to the Closing Date. All transactions and activity related to the SELLER ATM and debit cards for Deposit Accounts transferred to BUYER following the Closing Date which are received or forwarded to SELLER will be accepted and forwarded by SELLER to BUYER along with all corresponding funds. SELLER thereafter agrees to immediately notify its processor to deactivate such ATM and debit cards and to forward all transactions related thereto directly to BUYER.

Appears in 2 contracts

Samples: Office Purchase and Assumption Agreement (Ohio Legacy Corp), Office Purchase and Assumption Agreement (CSB Bancorp Inc /Oh)

ATMs and Debit Cards. (a) SELLER shall use reasonable efforts to have SELLER provide to BUYER no later than sixty (60) days prior to the Closing Date, a test tape, along with a file format or file layout and a production tape thirty (30) days before the Closing Date, containing customer name, card number, withdrawal limits, the Deposit Accounts activated by, accessible to or committed to such cards, cards issue dates and/or open dates, last transaction dates, and expiration dates as to all ATM and debit cards issued to customers of the SELLER for the Offices. SELLER shall cause its ATM Banc One Offices processor to deactivate the operation of the SELLER Banc One ATM and debit cards completely or to deactivate or disconnect the Deposit Accounts from such SELLER Banc One ATM and debit cards no later than the business day cutoff on the date prior to the Closing Date so that all activity generated by the SELLER Banc One ATM and debit cards shall have settled prior to the Closing Date. All transactions and activity related to the SELLER Banc One ATM and debit cards following the Closing Date which are received or forwarded to SELLER Banc One will be accepted and forwarded by SELLER Banc One to BUYER along with all corresponding funds. SELLER shall use reasonable efforts to have Banc One thereafter agrees agree to immediately notify its processor to deactivate such ATM and debit cards and to forward all transactions related thereto directly to BUYER.

Appears in 1 contract

Samples: Office Purchase and Assumption Agreement (Peoples Bancorp Inc)

ATMs and Debit Cards. (a) SELLER Seller shall provide to BUYER Buyer no later than sixty (60) days prior to the Closing Date, a test tapeCD-ROM, along with a file format or file layout and a production tape thirty (30) days before the Closing Date, containing customer name, card number, withdrawal limits, the Deposit Accounts activated by, accessible to or committed to such cards, cards issue dates and/or open dates, last transaction dates, and expiration dates as to all ATM and debit cards issued to customers of the SELLER for the Offices. SELLER shall cause its ATM Seller Branch processor to deactivate the operation of the SELLER Seller ATM and debit cards completely or to deactivate or disconnect the Deposit Accounts from such SELLER Seller ATM and debit cards no later than the business day cutoff on the date prior to the Closing Date so that all activity generated by the SELLER Seller ATM and debit cards shall have settled prior to the Closing Date. All transactions and activity related to the SELLER Seller ATM and debit cards following the Closing Date which are received or forwarded to SELLER Seller will be accepted and forwarded by SELLER Seller to BUYER Buyer along with all corresponding funds. SELLER Seller thereafter agrees to immediately notify its processor to deactivate such ATM and debit cards and to forward all transactions related thereto directly to BUYERBuyer.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Bnccorp Inc)

ATMs and Debit Cards. (ai) SELLER Seller shall provide to BUYER Purchaser no later than sixty (60) days prior to the Closing Date, a test tape, along with a file format or file layout and a production tape thirty (30) days before the Closing Date, containing customer name, card number, withdrawal limits, the Deposit Accounts activated by, accessible to or committed to such cards, cards issue dates and/or open dates, last transaction dates, and expiration dates as to all ATM and debit cards issued to customers of the SELLER for the Offices. SELLER shall cause its ATM Seller's processor to deactivate the operation of the SELLER Seller ATM and debit cards completely or to deactivate or disconnect the Deposit Accounts from such SELLER Seller ATM and debit cards no later than the business day cutoff on the date prior to the Closing Date so that all activity generated by the SELLER Seller ATM and debit cards shall have settled prior to the Closing Date. All transactions and activity related to the SELLER Seller ATM and debit cards following the Closing Date which are received or forwarded to SELLER Seller will be accepted and forwarded by SELLER Seller to BUYER Purchaser along with all corresponding funds. SELLER Seller thereafter agrees to immediately notify its processor to deactivate such ATM and debit cards and to forward all transactions related thereto directly to BUYERPurchaser.

Appears in 1 contract

Samples: Branch Purchase and Deposit Assumption Agreement (Nittany Financial Corp)

ATMs and Debit Cards. (a) SELLER shall provide to BUYER no later than sixty within ten (6010) days prior to of the execution of this Agreement and again thirty (30) days before the Closing Date, a test tape, along with a file format or file layout and a production tape thirty (30) days before the Closing Date, containing customer name, card number, withdrawal limits, the Deposit Accounts activated by, accessible to or committed to such cards, issue dates and/or open dates, last transaction dates, and expiration dates as to all ATM and debit cards issued to customers of the SELLER for the Offices. SELLER shall cause its ATM Offices processor to deactivate the operation of the SELLER ATM and debit cards completely or to deactivate or disconnect the Deposit Accounts from such SELLER ATM and debit cards no later than the business day cutoff on the date prior to the Closing Date so that all activity generated by the SELLER ATM and debit cards shall have settled prior to the Closing Date. All transactions and activity related to the SELLER ATM and debit cards following the Closing Date which are received or forwarded to SELLER will be accepted and forwarded by SELLER to BUYER along with all corresponding funds. SELLER thereafter agrees to immediately notify its processor to deactivate such ATM and debit cards and to forward all transactions related thereto directly to BUYER.

Appears in 1 contract

Samples: Office Purchase and Assumption Agreement (Blackhawk Bancorp Inc)

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ATMs and Debit Cards. (a) SELLER BANK ONE shall provide to BUYER no later than sixty (60) days prior to the Closing Date, a test tape, along with a file format or file layout and a production tape thirty (30) days before the Closing Date, containing customer name, card number, withdrawal limits, the Deposit Accounts activated by, accessible to or committed to such cards, cards issue dates and/or open dates, last transaction dates, and expiration dates as to all ATM and debit cards issued to customers of the SELLER for BANK ONE Offices, and shall notify the Offices. SELLER shall cause its ATM appropriate processor to deactivate the operation of the SELLER BANK ONE ATM and debit cards completely or to deactivate or disconnect the Deposit Accounts from such SELLER BANK ONE ATM and debit cards no later than the business day cutoff on the date prior to the Closing Date so that all activity generated by the SELLER BANK ONE ATM and debit cards shall have settled prior to the Closing Date. All transactions and activity related to the SELLER BANK ONE ATM and debit cards following the Closing Date which are received or forwarded to SELLER BANK ONE will be accepted and forwarded by SELLER BANK ONE to BUYER along with all corresponding funds. SELLER BANK ONE thereafter agrees to immediately notify its processor to deactivate such ATM and debit cards and to forward all transactions related thereto directly to BUYER.

Appears in 1 contract

Samples: Office Purchase and Assumption Agreement (Heartland Financial Usa Inc)

ATMs and Debit Cards. (a) SELLER BANK ONE shall provide to BUYER no later than sixty (60) days prior to the Closing Date, a test tape, along with a file format or file layout and a production tape thirty (30) days before the Closing Date, containing customer name, card number, withdrawal limits, the Deposit Accounts activated by, accessible to or committed to such cards, cards issue dates and/or open dates, last transaction dates, and expiration dates as to all ATM and debit cards issued to customers of the SELLER for the Offices. SELLER shall cause its ATM BANK ONE Offices processor to deactivate the operation of the SELLER BANK ONE ATM and debit cards completely or to deactivate or disconnect the Deposit Accounts from such SELLER BANK ONE ATM and debit cards no later than the business day cutoff on the date prior to the Closing Date so that all activity generated by the SELLER BANK ONE ATM and debit cards shall have settled prior to the Closing Date. All transactions and activity related to the SELLER BANK ONE ATM and debit cards following the Closing Date w which are received or forwarded to SELLER BANK ONE will be accepted and forwarded by SELLER BANK ONE to BUYER along with all corresponding funds. SELLER BANK ONE thereafter agrees to immediately notify its processor to deactivate such ATM and debit cards and to forward all transactions related thereto directly to BUYER.

Appears in 1 contract

Samples: Office Purchase and Assumption Agreement (Community First Bankshares Inc)

ATMs and Debit Cards. (a) SELLER FNB shall provide to BUYER BUYER, no later than sixty (60) days prior to the Closing Date, a test tape, along with a file format or file layout and a production tape thirty (30) days before the Closing Date, containing customer name, card number, withdrawal limits, the Deposit Accounts activated by, accessible to or committed to such cards, cards issue dates and/or open dates, last transaction dates, and expiration dates as to all ATM and debit cards issued to customers of the SELLER for Office and shall notify the Offices. SELLER shall cause its ATM appropriate processor to deactivate the operation of the SELLER such ATM and debit cards completely or to deactivate or disconnect the Deposit Accounts from such SELLER ATM and debit cards no later than the business day cutoff on the date prior to the Closing Date so that all activity generated by the SELLER such ATM and debit cards shall have settled prior to the Closing Date. All transactions and activity related to the SELLER FNB ATM and debit cards for Deposit Accounts transferred to BUYER following the Closing Date which are received or forwarded to SELLER FNB will be accepted and forwarded by SELLER FNB to BUYER along with all corresponding funds. SELLER FNB thereafter agrees to immediately notify its processor to deactivate such ATM and debit cards and to forward all transactions related thereto directly to BUYER.

Appears in 1 contract

Samples: Branch Office Purchase and Assumption Agreement (Ohio Legacy Corp)

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