Holds and Stop Payments. Seller will deliver to Purchaser at Closing a schedule of holds and stop payments placed on particular accounts or individual checks at the Branches, and the terms of such holds, as to the Deposit Liabilities. Except as otherwise required by applicable law, Purchaser will continue such holds and stop payments under the same terms that Seller shows on such schedule of holds and stop payments.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (Ecb Bancorp Inc), Purchase and Assumption Agreement (Hampton Roads Bankshares Inc)
Holds and Stop Payments. Seller will deliver to Purchaser Buyer at Closing a schedule of holds and stop stop-payments placed on particular accounts or individual checks at the Branches, Branches and the terms of such holds, as to the Deposit Liabilities. Except as otherwise required by applicable law, Purchaser Buyer will continue such holds and stop stop-payments under the same terms that Seller shows on such the schedule of holds and stop stop-payments.
Appears in 2 contracts
Samples: First Financial Service Corp, First Savings Financial Group Inc
Holds and Stop Payments. Seller will shall deliver to Purchaser Buyer at Closing a schedule of holds holds, stop-payment orders and stop payments post-dated check orders placed on particular Assumed Liabilities accounts or individual checks at the Branches, and the terms of such holds, as to the Deposit Liabilities. Except as otherwise required by applicable law, Purchaser will Buyer shall continue such holds and stop payments stop-payment orders under the same terms that Seller shows reflected on such the schedule of holds and stop paymentsstop-payment orders.
Appears in 1 contract
Samples: Branch Purchase and Assumption Agreement (United Pan Am Financial Corp)
Holds and Stop Payments. Seller will deliver to Purchaser Buyer at Closing ----------------------- a schedule of holds and stop stop-payments placed on particular accounts or individual checks at the Branches, Branch Office and the terms of such holds, as to the Deposit Liabilities. Except as otherwise required by applicable law, Purchaser Buyer will continue such holds and stop stop-payments under the same terms that Seller shows on such the schedule of holds and stop stop-payments.
Appears in 1 contract
Samples: Coastal Financial Corp /De