Common use of Data Processing Conversion for the Branches and Handling of Certain Items Clause in Contracts

Data Processing Conversion for the Branches and Handling of Certain Items. (a) The conversion of the data processing with respect to the Transferred Assets and Transferred Liabilities will be completed on the Closing Date unless otherwise agreed by the parties. Seller and Purchaser agree to cooperate to facilitate the orderly transfer of data processing information in connection with the transactions contemplated hereby. Within 10 days of the date of this Agreement, Purchaser and/or its representatives shall be permitted access (subject to the provisions of Section 8.1) to review each Branch and Other Facilities for the purpose of installing automated equipment for use by the personnel of the Branches and the Other Facilities. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall be permitted, at its expense, to install and test communications lines, both internal and external, from each site and prepare for the installation of automated equipment on the Closing Date.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Colonial Bancgroup Inc), Asset Purchase Agreement (Global Consumer Acquisition Corp.)

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Data Processing Conversion for the Branches and Handling of Certain Items. (a) The conversion of the data processing with respect to the Transferred Branches and the Assets and Transferred Assumed Liabilities will be completed on the Closing Date unless otherwise agreed to by the parties. Seller and Purchaser agree to cooperate to facilitate the orderly transfer of data processing information in connection with the transactions contemplated herebyP&A Transaction. Within 10 days ten (10) Business Days of the date of this Agreement, Purchaser and/or its representatives shall be permitted reasonable access (subject to the provisions of Section 8.18.2(a)) to review each Branch and Other Facilities for the purpose of installing planning to install automated equipment for use by the personnel of the Branches and the Other FacilitiesBranch personnel. Following the receipt of all the Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall be permitted, at its expenseexpense and without interfering with the operation of the Branches, to install and test communications communication lines, both internal and external, from each site and prepare for the installation of automated equipment on the Closing Date.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Old National Bancorp /In/)

Data Processing Conversion for the Branches and Handling of Certain Items. (a) The conversion of the data processing with respect to the Transferred Assets and Transferred Liabilities will be completed on the Closing Date unless otherwise agreed by the parties. Seller Sellers and Purchaser agree to cooperate to facilitate the orderly transfer of data processing information in connection with the transactions contemplated hereby. Within 10 fifteen (15) days of the date of this Agreement, Purchaser and/or its representatives shall be permitted access (subject to the provisions of Section 8.1) to review each Branch and Other Facilities Facility for the purpose of installing automated equipment for use by the personnel of the Branches and the Other Facilities. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall be permitted, at its expense, to install and test communications lines, both internal and external, from each site and prepare for the installation of automated equipment on the Closing Date.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Huntington Bancshares Inc/Md)

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Data Processing Conversion for the Branches and Handling of Certain Items. (a) The conversion of the data processing systems with respect to the Transferred Branches and the Acquired Assets and Transferred Assumed Liabilities will be completed on the Closing Date unless otherwise agreed to by the parties. Seller and Purchaser agree to cooperate to facilitate the orderly transfer of data processing information in connection with the transactions contemplated herebyP&A Transaction. Within 10 days ten (10) Business Days of the date of this Agreement, Purchaser and/or its representatives shall be permitted access (subject to the provisions of Section 8.1Sections 7.2(a) and 7.6(d)) to review each Branch and Other Facilities for the purpose of installing automated equipment for use by the personnel of the Branches and the Other FacilitiesBranch personnel. Following the receipt of all Regulatory Approvals (except for the expiration of statutory waiting periods), Purchaser shall be permitted, at its expense, to install and test communications communication lines, both internal and external, from each site and prepare for the installation of automated equipment on the Closing Date.

Appears in 1 contract

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

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