Escheat Deposits. After the Effective Time, Purchaser shall be solely responsible for the proper reporting and transmission to the appropriate Governmental Authority of Deposit Liabilities and the Safe Deposit Business that become escheat deposits after the Effective Time to the extent required by applicable law.
Appears in 2 contracts
Samples: Branch Purchase and Assumption Agreement (Green Bancorp, Inc.), Branch Purchase and Assumption Agreement (Green Bancorp, Inc.)
Escheat Deposits. After the Effective TimeClosing, Purchaser shall be solely responsible for the proper reporting and transmission to the appropriate Governmental Authority governmental entity of Deposit Liabilities and the Safe Deposit Business that become escheat deposits after the Effective Time to the extent required by applicable law.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (Green Bancorp, Inc.), Purchase and Assumption Agreement (Green Bancorp, Inc.)
