Common use of Expenses Relating to Transitional Matters Clause in Contracts

Expenses Relating to Transitional Matters. Purchaser shall be responsible for the payment of all documented, out-of-pocket third party fees or expenses reasonably incurred by Seller at Purchaser’s request in connection with the preparation of the Branches for transfer to Purchaser in accordance with the terms of this Agreement.

Appears in 4 contracts

Samples: Purchase and Assumption Agreement (Pathfinder Bancorp, Inc.), Purchase and Assumption Agreement (Investors Bancorp, Inc.), Purchase and Assumption Agreement (Berkshire Hills Bancorp Inc)

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Expenses Relating to Transitional Matters. Purchaser shall be responsible for the payment of all documented, out-of-pocket third party fees or expenses reasonably incurred by Seller at Purchaser’s request in connection with the preparation of the Branches for transfer to Purchaser in accordance with the terms of this Agreement; provided, however, that Purchaser shall have no responsibility under this Section for any expenses incurred by Seller with respect to any particular Branch in excess of $5,000 without the prior written consent of Purchaser.

Appears in 4 contracts

Samples: Purchase and Assumption Agreement (Bank of Commerce Holdings), Purchase and Assumption Agreement (SOUTH STATE Corp), Lease and Assumption Agreement (Washington Federal Inc)

Expenses Relating to Transitional Matters. Purchaser shall be responsible for the payment of all documented, out-of-pocket third party fees or expenses reasonably incurred by Seller at Purchaser’s request in connection with the preparation of the Branches for transfer to Purchaser in accordance with the terms of this Agreement; provided that, with respect to each such Branch, Purchaser’s obligation under this Section 4.13 shall not exceed $2,000.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (COMMUNITY BANK NA, a Subsidiary of Community Bank System Inc.), Purchase and Assumption Agreement (Berkshire Hills Bancorp Inc), Purchase and Assumption Agreement (Chemung Financial Corp)

Expenses Relating to Transitional Matters. Purchaser shall be responsible for the payment of all documented, out-of-pocket third party fees or expenses reasonably incurred by Seller at Purchaser’s request in connection with the preparation of the Branches for transfer to Purchaser in accordance with the terms of this Agreement, but not to exceed two-thousand dollars ($2,000) per location.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Ameris Bancorp)

Expenses Relating to Transitional Matters. Purchaser shall be responsible for the payment of all documented, out-of-pocket third party fees or expenses reasonably incurred by Seller at Purchaser’s request in connection with the preparation of the Branches for transfer to Purchaser in accordance with the terms of this Agreement, but not to exceed one thousand dollars ($1,000) per Branch.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Banner Corp)

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Expenses Relating to Transitional Matters. Purchaser shall be responsible for the payment of all documented, out-of-pocket third party fees or expenses reasonably incurred by Seller at Purchaser’s request in connection with the preparation of the Branches for transfer to Purchaser in accordance with the terms of this Agreement; provided that such expenses shall not exceed $2,000 with respect to any single Branch. In no event shall Purchaser be responsible for any legal, accounting, financial advisory, investment banking, or brokerage fees incurred by Seller in connection with the P&A Transaction.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First South Bancorp Inc /Va/)

Expenses Relating to Transitional Matters. Purchaser shall be responsible for the payment of all documented, out-of-out of pocket third party fees or expenses reasonably incurred by Seller at Purchaser’s request in connection with the preparation of the Branches for transfer to Purchaser in accordance with the terms of this Agreement; provided that, with respect to each such Branch, Purchaser’s obligation under this Section 5.11 shall not exceed $2,000.

Appears in 1 contract

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

Expenses Relating to Transitional Matters. Purchaser shall be responsible for the payment of all documented, out-of-pocket third party fees or expenses reasonably incurred by Seller at Purchaser’s request in connection with the preparation of the Branches for transfer to Purchaser in accordance with the terms of this Agreement; provided that, with respect to each such Branch, Purchaser’s obligation under this Section 4.12 shall not exceed $2,000.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Financial Corp /In/)

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