Common use of Interest Reporting Clause in Contracts

Interest Reporting. Seller shall report from January 1, 1998 through the Closing Date, and Buyer shall report from the Closing Date through December 31, 1998, all interest credited to, interest premiums paid on, interest withheld from and early withdrawal penalties charged to the Deposits. Such reports shall be made to the holders of accounts relating to Deposits and to the applicable federal and state regulatory agencies.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Western Bancorp Inc)

AutoNDA by SimpleDocs

Interest Reporting. Seller shall report from January 1, 1998 2008 through the Closing Date, and Buyer Purchaser shall report from the Closing Date through December 31, 1998, 2008 all interest credited to, interest premiums paid on, interest withheld from from, and early withdrawal penalties charged to to, accounts included within the DepositsDeposit Liabilities or Loans. Such reports (on IRS Forms 1098, 1099 or similar tax information returns) shall be made to the holders of such deposit accounts relating to Deposits and to the applicable federal and state regulatory agencies.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Chemung Financial Corp)

Interest Reporting. Seller SELLER shall report from January 1, 1998 2007, through the Closing Date, and Buyer BUYER shall report from the Closing Date through December 31, 19982007, all interest credited to, interest premiums paid on, interest withheld from and early withdrawal penalties charged to the DepositsDeposit Accounts. Such reports shall be made to the holders of accounts relating to Deposits Deposit Liabilities and to the applicable federal and state regulatory agencies.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Middlefield Banc Corp)

Interest Reporting. Seller SELLER shall report from January 1, 1998 through and including the Closing Date, and Buyer shall report from the Closing Date through December 31, 1998, all interest credited to, interest premiums paid onby, interest withheld from from, and early withdrawal penalties charged to the DepositsDeposit Liabilities. Such The BANK shall report all such information beginning on the day following the Closing Date. Said reports shall be made to the holders holder of accounts relating to Deposits deposit accounts, as the case may be, and to the applicable federal and state regulatory agencies.regulatory

Appears in 1 contract

Samples: Purchase Assets and Assume Liabilities (Independent Bank Corp /Mi/)

AutoNDA by SimpleDocs

Interest Reporting. Seller shall report from January 1, 1998 1997 ------------------ through the Closing Date, Date and Buyer Purchaser shall report from the day after the Closing Date through December 31, 1998, and thereafter all interest credited to, interest premiums paid on, interest withheld from and early withdrawal penalties charged to the DepositsDeposit Liabilities. Such Said reports shall be made to the holders of these accounts relating to Deposits and to the applicable federal and state regulatory agencies.

Appears in 1 contract

Samples: Premier Bancshares Inc /Ga

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!