Branches and Customer Transition Sample Clauses

Branches and Customer Transition. Except as provided in Section 6, to the extent that the current El Banco Branches will not become branches of the Bank-chartered designee, STB shall be authorized to provide all notices and filings necessary or desirable to close the El Banco Branches as STB branches in a manner not inconsistent with this Agreement effective upon the Deconversion Date. NTS shall cooperate with and assist STB in transitioning customers, including seeking or any required regulatory approvals or providing notices as requested by STB. Upon Deconversion, STB shall have no obligation to keep any El Banco Branch open, retain any NTS/El Banco employees, or to conduct business from the El Banco Branches. NTS or its bank-chartered designee shall assume all obligations under existing leases for the property or equipment from which the El Banco Branches are presently conducted.