Compliance with Garnishments and Similar Orders. After the Effective Time, Buyer will comply in all material respects with any and all garnishments, similar court orders, tax liens and order of any governmental entity in effect with respect to the Deposits, and Buyer will not pay any Deposits in violation of such garnishments, orders or tax liens or otherwise take any actions not permitted pursuant thereto or pursuant to applicable law.
Appears in 7 contracts
Samples: Purchase and Assumption Agreement (Community First Inc), Purchase and Assumption Agreement (Independent Bank Group Inc), Purchase and Assumption Agreement (Independent Bank Group Inc)
Compliance with Garnishments and Similar Orders. After the Effective Time, Buyer will comply in all material respects with any and all garnishments, similar court orders, tax Tax liens and order of any governmental entity in effect with respect to the Deposits, and Buyer will not pay any Deposits in violation of such garnishments, orders or tax Tax liens or otherwise take any actions not permitted pursuant thereto or pursuant to applicable law.
Appears in 3 contracts
Samples: Branch Purchase and Assumption Agreement (Spirit of Texas Bancshares, Inc.), Branch Purchase and Assumption Agreement (Simmons First National Corp), Branch Purchase and Assumption Agreement (Simmons First National Corp)
Compliance with Garnishments and Similar Orders. After the Effective Time, Buyer will comply in all material respects with any and all garnishments, similar court orders, tax liens and order of any governmental entity entity, and any “stop-payment orders or instructions of deposit customers, as to which Seller has notified Buyer as provided in Section 1.9 above and which are in effect with respect to the Deposits, and Buyer will not pay any Deposits in violation of such garnishments, orders or tax liens of which it has received notice or otherwise take any actions not permitted pursuant thereto or pursuant to applicable law.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (New Century Bancorp Inc)
Compliance with Garnishments and Similar Orders. After the Effective Time, the Buyer will comply in all material respects with any and all garnishments, similar court orders, tax liens and order of any governmental entity in effect with respect to the Deposits, and the Buyer will not pay any Deposits in violation of such garnishments, orders or tax liens or otherwise take any actions not permitted pursuant thereto or pursuant to applicable law.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Citizens Bancshares Corp /Ga/)
