Common use of Holds and Stop Payments Clause in Contracts

Holds and Stop Payments. Seller will deliver to Buyer 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. Except as otherwise required by applicable law, Buyer will continue such holds and stop-payments under the same terms Seller shows on the schedule of holds and stop-payments.

Appears in 2 contracts

Samples: Agreement to Purchase Assets and Assume Liabilities (First Financial Service Corp), Agreement to Purchase Assets and Assume Liabilities (First Savings Financial Group Inc)

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Holds and Stop Payments. Seller will deliver to Buyer Purchaser 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, Buyer Purchaser will continue such holds and stop-stop payments under the same terms that Seller shows on the such schedule of holds and stop-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 Buyer at Closing ----------------------- a schedule of holds and stop-payments placed on particular accounts or individual checks at the Branches Branch Office and the terms of such holds. Except as otherwise required by applicable law, Buyer will continue such holds and stop-payments under the same terms Seller shows on the schedule of holds and stop-payments.

Appears in 1 contract

Samples: Agreement to Purchase Assets and Assume Liabilities (Coastal Financial Corp /De)

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Holds and Stop Payments. Seller will shall deliver to Buyer at Closing a schedule of holds and holds, stop-payments payment orders and post-dated check orders placed on particular Assumed Liabilities accounts or individual checks at the Branches and the terms of such holds. Except as otherwise required by applicable law, Buyer will shall continue such holds and stop-payments payment orders under the same terms Seller shows reflected on the schedule of holds and stop-paymentspayment orders.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (United Pan Am Financial Corp)

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