Common use of Data Conversion Clause in Contracts

Data Conversion. (a) The conversion of the data processing with respect to the Assumed Liabilities and Transferred Assets will be completed on the weekend immediately following the Effective Time. All pre-conversion customer actions must be completed no later than the Closing Date. Seller and Purchaser agree to cooperate to facilitate the orderly transfer of data processing information. Seller shall make available, during the weekend of the data conversion, such of its personnel as is reasonably necessary to complete such data conversion. Purchaser shall bear all of its costs associated with such data conversion, and Seller shall bear all of its costs associated with such data conversion.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Green Bancorp, Inc.), Purchase and Assumption Agreement (Green Bancorp, Inc.)

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Data Conversion. (a) The conversion of the data processing with respect to the Assumed Liabilities and Transferred Assets will be completed on the weekend immediately following the Effective Time. All pre-conversion customer actions must be completed no later than the Closing Date. Seller and Purchaser agree to cooperate to facilitate the orderly transfer of data processing information. Seller shall make available, during the weekend of the data conversion, such of its personnel as is reasonably necessary to complete such data conversion. Purchaser shall bear all of its costs associated with such data conversion, and Seller shall bear all of its Seller’s third-party costs associated with such data conversion.

Appears in 2 contracts

Samples: Branch Purchase and Assumption Agreement (Green Bancorp, Inc.), Branch Purchase and Assumption Agreement (Green Bancorp, Inc.)

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