Final Statements. Seller shall render a final statement to each Depositor of an account assumed under this Agreement as to transactions occurring through the Effective Time and shall comply with all laws, rules and regulations regarding Tax reporting of transactions of such accounts through the Effective Time; but Seller will not be obligated to render a final statement on any account not ordinarily receiving periodic statements in the ordinary course of Seller’s business. Seller shall be entitled to impose normal fees and service charges on a per-item basis.
Appears in 3 contracts
Samples: Branch Purchase and Assumption Agreement (Spirit of Texas Bancshares, Inc.), Branch Purchase and Assumption Agreement (Simmons First National Corp), Branch Purchase and Assumption Agreement (Simmons First National Corp)
Final Statements. Seller shall will render a final statement to each Depositor depositor of an account a Transferred Account assumed under this Agreement as to transactions occurring through the Effective Time and shall comply with all laws, rules and regulations regarding Tax reporting of transactions of such accounts through the Effective Time; but Closing Date. Seller will not be obligated to render a final statement on any account not ordinarily receiving periodic statements in the ordinary course of Seller’s business. Seller shall be entitled to impose normal fees and service charges on a per-per item basisbasis through Closing, but Seller will not impose periodic fees or blanket charges in connection with such final statements.
Appears in 3 contracts
Samples: Acquisition Agreement (Community Bancshares Inc /De/), Acquisition Agreement (Community Bancshares Inc /De/), Acquisition Agreement (Community Bancshares Inc /De/)
Final Statements. Seller shall will render a final statement to each Depositor depositor of an account assumed under this Agreement a Transferred Account as to transactions occurring through the Effective Time and shall comply with all laws, rules and regulations regarding Tax reporting of transactions of such accounts through the Effective Time; but . Seller will not be obligated to render a final statement on any account not ordinarily receiving periodic statements in the ordinary course of Seller’s business. Seller shall be entitled to impose normal fees and service charges on a per-per item basisbasis through Closing, but Seller will not impose periodic fees or blanket charges in connection with such final statements.
Appears in 1 contract
Samples: Acquisition Agreement (Community Bancshares Inc /De/)
Final Statements. Seller shall will render a final statement to each Depositor of an account assumed under this Agreement as to transactions occurring through the Effective Time and shall will comply with all laws, rules and regulations regarding Tax tax reporting of transactions of such accounts through the Effective Time; but . Seller will not be obligated to render a final statement on any account not ordinarily receiving periodic statements in the ordinary course of Seller’s business. Seller shall be entitled to impose normal fees and service charges on a per-item basis, but Seller will not impose periodic fees or blanket charges in connection with such final statements unless such final statement is made as of a date that would ordinarily carry such periodic fees or blanket charges.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Independent Bank Group Inc)