Common use of Interest Reporting Clause in Contracts

Interest Reporting. Seller shall report from January 1, 2004 (or from January 1, 2005, if the Closing Date is in 2005) through the Closing Date, and Purchaser shall report from the Closing Date through December 31, 2004 (or through December 31, 2005, if the Closing Date is in 2005), all interest credited to, interest premiums paid on, interest withheld from, and early withdrawal penalties charged to, accounts included within the Deposits. Such reports (on IRS Forms 1099 or similar tax information returns) shall be made to the holders of such deposit accounts and to the applicable federal and state regulatory agencies.

Appears in 1 contract

Samples: Assets and Liability Assumption Agreement (Ohio State Bancshares Inc)

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Interest Reporting. Seller SELLER shall report from January 1, 2004 (or from January 12007, 2005, if the Closing Date is in 2005) through the Closing Date, and Purchaser BUYER shall report from the Closing Date through December 31, 2004 (or through December 31, 2005, if the Closing Date is in 2005)2007, all interest credited to, interest premiums paid on, interest withheld from, from and early withdrawal penalties charged to, accounts included within to the DepositsDeposit Accounts. Such reports (on IRS Forms 1099 or similar tax information returns) shall be made to the holders of such deposit accounts 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, 2004 (or from January 1, 2005, if the Closing Date is in 2005) through and including the Closing Date, and Purchaser shall report from the Closing Date through December 31, 2004 (or through December 31, 2005, if the Closing Date is in 2005), all interest credited to, interest premiums paid onby, interest withheld from, and early withdrawal penalties charged to, accounts included within to the DepositsDeposit Liabilities. Such The BANK shall report all such information beginning on the day following the Closing Date. Said reports (on IRS Forms 1099 or similar tax information returns) shall be made to the holders holder of such deposit accounts 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/)

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Interest Reporting. Seller shall report from January 1, 2004 (or from January 1, 2005, if the Closing Date is in 2005) 2008 through the Closing Date, and Purchaser shall report from the Closing Date through December 31, 2004 (or through December 31, 2005, if the Closing Date is in 2005), 2008 all interest credited to, interest premiums paid on, interest withheld from, and early withdrawal penalties charged 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 and to the applicable federal and state regulatory agencies.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Chemung Financial Corp)

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