Common use of Direct Deposit Arrangements Clause in Contracts

Direct Deposit Arrangements. Seller will use reasonable efforts to transfer to Buyer on the Closing Date all of those automated clearing house and Fed wire direct deposit arrangements that are tied by agreement or other standing arrangement to the Deposits.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Community First Inc), Purchase and Assumption Agreement (Xenith Bankshares, Inc.), Purchase and Assumption Agreement (Xenith Bankshares, Inc.)

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Direct Deposit Arrangements. Seller will use reasonable efforts to transfer to Buyer on the Closing Date all of those automated clearing house and Fed wire direct deposit or automatic draft or payment arrangements that are tied by agreement or other standing arrangement to the Deposits.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (New Century Bancorp Inc)

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Direct Deposit Arrangements. Seller will use reasonable efforts to transfer to Buyer on the Closing Date all of those automated clearing house and Fed wire Fedwire direct deposit arrangements that are tied by agreement or other standing arrangement to the Deposits.

Appears in 1 contract

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

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