Common use of Certain Procedures Clause in Contracts

Certain Procedures. (a) Seller and Purchaser shall cooperate with each other and shall use their reasonable best efforts to cause the timely transfer of information concerning the Assumed Deposits which is maintained on Seller’s data processing systems. Within ten (10) calendar days after the date of this Agreement, Seller and Purchaser shall each designate appropriate and qualified personnel to be responsible for this cooperation of the parties in such transfer of information, and such personnel shall meet to discuss products, data mapping and the delivery of Records to Purchaser. If the parties agree to the electronic delivery of such materials, Purchaser may require up to three sets of electronic data files, corresponding layouts, and applicable balancing reports, with respect to the Assumed Deposits. At least one set, whether electronic or not, of such files, layouts and reports shall be created after a night’s processing approximately four weeks prior to the Closing Date. One set, whether electronic or not, shall be the live conversion set and be created after processing on the night of the Closing Date and be delivered to Purchaser no later than noon on the day following the Closing Date.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement (CenterState Banks, Inc.)

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Certain Procedures. (ah) Seller and Purchaser shall cooperate with each other and shall use their reasonable best efforts to cause the timely transfer of information concerning the Assumed Deposits which is maintained on Seller’s data processing systems. Within ten (10) calendar days after the date of this Agreement, Seller and Purchaser shall each designate appropriate and qualified personnel to be responsible for this cooperation of the parties in such transfer of information, and such personnel shall meet to discuss products, data mapping and the delivery of Records to Purchaser. If the parties agree to the electronic delivery of such materials, Purchaser may require up to three sets of electronic data files, corresponding layouts, and applicable balancing reports, with respect to the Assumed Deposits. At least one set, whether electronic or not, of such files, layouts and reports shall be created after a night’s processing approximately four weeks prior to the Closing Date. One set, whether electronic or not, shall be the live conversion set and be created after processing on the night of the Closing Date and be delivered to Purchaser no later than noon on the day following the Closing Date.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Fidelity Southern Corp)

Certain Procedures. (ah) Seller and Purchaser shall cooperate with each other and shall use their reasonable best efforts to cause the timely transfer of information concerning the Assumed Deposits which is maintained on Seller’s data processing systems. Within ten (10) calendar days after the date of this Agreement, Seller and Purchaser shall each designate appropriate and qualified personnel to be responsible for this cooperation of the parties in such transfer of information, and such personnel shall meet to discuss products, data mapping and the delivery of Records to Purchaser. If the parties agree to the electronic delivery of such materials, Purchaser may require up to three sets of electronic data files, corresponding layouts, and applicable balancing reports, with respect to the Assumed Deposits. At least one set, whether electronic or not, of such files, layouts and reports shall be created after a night’s processing approximately four weeks prior to the Closing Date. One set, whether electronic or not, shall be the live conversion set and be created after processing on the night of the Closing Date and be delivered to Purchaser no later than noon on the day following the Closing Date.. (i) In connection with its processing on the night of the Closing, Seller will produce and mail to the customers of the Branches statements dated as of the close of business on the Business Day prior to the Closing Date on any Deposit account normally receiving a statement. 4.2

Appears in 1 contract

Samples: Purchase and Assumption Agreement

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Certain Procedures. (a) Seller and Purchaser shall cooperate with each other and shall use their reasonable best efforts to cause the timely transfer of information concerning the Assumed Deposits and the Purchased Loans which is maintained on Seller’s data processing systems. Within ten (10) calendar days after the date of this Agreement, Seller and Purchaser shall each designate appropriate and qualified personnel to be responsible for this cooperation of the parties in such transfer of information, and such personnel shall meet to discuss products, data mapping and the delivery of Delivery Records to Purchaser. If the parties agree to the electronic delivery of such materials, Purchaser may require up to three sets of electronic data files, corresponding layouts, and applicable balancing reports, with respect to the Assumed DepositsDeposits and Purchased Loans. At least one set, whether electronic or not, of such files, layouts and reports shall be created after a night’s processing approximately four weeks prior to the Closing Date. One set, whether electronic or not, shall be the live conversion set and be created after processing on the night of the Closing Date and be delivered to Purchaser no later than noon Eastern Time on the day following the Closing Date.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Fidelity Southern Corp)

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