Market Place Deposits Clause Samples
The 'Market Place Deposits' clause defines the terms and conditions under which deposits are made and held within a marketplace platform. Typically, this clause outlines how user funds are collected, stored, and potentially disbursed by the platform, including any requirements for minimum deposit amounts, timing of deposits, and circumstances under which deposits may be refunded or forfeited. By establishing clear rules for handling deposits, this clause helps protect both the platform and its users from disputes over payments and ensures transparency in financial transactions.
Market Place Deposits. “Market Place Deposits” is a description given to deposits that may have been solicited via a money desk, internet subscription service (for example, Qwickrate), or similar programs. North Houston Bank does not have QwickRate deposits as identified above. This schedule provides account categories and balances as of the date of the deposit download, or as indicated. The deposit franchise bid premium will be calculated using account categories and balances as of Bank Closing Date that are reflected in the general ledger or subsystem as described above. The final numbers for Schedule 7 will be provided post closing. Subject: [XXXXX – Name of Bank City, State] – In Receivership Dear [Sir/Madam]: As you may know, on [Date: Closing Date], the [Name of Bank (“The Bank”)] was closed and the Federal Deposit Insurance Corporation (“FDIC”) transferred [The Bank’s] accounts to [Name of Acquiring Institution]. According to federal law under 12 U.S.C., 1822(e), on [Date: eighteen months from the Closing Date], [Name of Acquiring Institution] must transfer the funds in your account(s) back to the FDIC if you have not claimed your account(s) with [Name of Acquiring Institution]. Based on the records recently supplied to us by [Name of Acquiring Institution], your account(s) currently fall into this category. This letter is your formal Legal Notice that you have until [Date: eighteen months from the Closing Date], to claim or arrange to continue your account(s) with [Name of Acquiring Institution]. There are several ways that you can claim your account(s) at [Name of Acquiring Institution]. It is only necessary for you to take any one of the following actions in order for your account(s) at [Name of Acquiring Institution] to be deemed claimed. In addition, if you have more than one account, your claim to one account will automatically claim all accounts:
1. Write to [Name of Acquiring Institution] and notify them that you wish to keep your account(s) active with them. Please be sure to include the name of the account(s), the account number(s), the signature of an authorized signer on the account(s), name, and address. [Name of Acquiring Institution] address is:
2. Execute a new signature card on your account(s), enter into a new deposit agreement with [Name of Acquiring Institution], change the ownership on your account(s), or renegotiate the terms of your certificate of deposit account(s) (if any).
3. Provide [Name of Acquiring Institution] with a change of address form.
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Market Place Deposits. “Market Place Deposits” is a description given to deposits that may have been solicited via a money desk, internet subscription service (for example, Qwickrate), or similar programs. The “Market Place Deposits” list below provides a snapshot of account categories and balances as of October 14, 2010, which is the date of the deposit download. The deposit franchise bid premium will be calculated using account categories and balances as of the Bank Closing date that are reflected in the general ledger or subsystem as described above. The final numbers for Schedule 7 will be provided post closing.
Market Place Deposits. “Market Place Deposits” is a description given to deposits that may have been solicited via a money desk, internet subscription service (for example, QwickRate®), or similar programs. Module 1 — Whole Bank w/ Optional Shared Loss Agreements First Peoples Bank Version 3.1.1 — Purchase and Assumption Agreement Port St. Lucie, Florida April 27, 2011 Peoples First Bank does have QwickRate deposits as identified above. The QwickRate® deposits are reported as time deposits in the Call Report. Please see the attached “Schedule 7 — QwickRate® Deposit Detail Report” for a listing of these accounts as of March 30, 2011. This list will be updated post closing with balances as of the Bank Closing Date. This schedule provides account categories and balances as of the date of the deposit download, or as indicated. The deposit franchise bid premium will be calculated using account categories and balances as of the Bank Closing Date that are reflected in the general ledger or subsystem as described above. The final numbers for Schedule 7 will be provided post closing. (Deposit Detail Report, Non-DO Broker, CDARS, QwickRate® begins on following page) Module 1 — Whole Bank w/ Optional Shared Loss Agreements First Peoples Bank Version 3.1.1 — Purchase and Assumption Agreement Port St. Lucie, Florida April 27, 2011 ▇▇▇▇▇▇▇▇▇▇ Energy Capital CU $ 52,000.00 ▇▇▇▇▇▇▇▇▇▇ Energy Capital CU $ 99,000.00 9818002479 Energy Capital CU $ 99,000.00 9818002957 Credit Union of Ohio $ 99,000.00 9818003069 Bank of Santa ▇▇▇▇▇▇▇ $ 51,000.00 9818003061 Bank of Santa ▇▇▇▇▇▇▇ $ 99,000.00 9818003053 Bank of Santa ▇▇▇▇▇▇▇ $ 99,000.00 9818003109 Goldenwest Credit Union $ 99,000.00 9818003405 Memphis Area Teachers’ CU $ 50,000.00 9818003437 Utah Community FCU $ 52,000.00 9818003509 City B&TC of ▇▇▇▇▇▇▇ $ 99,000.00 9818003517 City B&TC of ▇▇▇▇▇▇▇ $ 99,000.00 9818003525 First Personal Bank $ 99,000.00 9818003533 First Personal Bank $ 99,000.00 ▇▇▇▇▇▇▇▇▇▇ Empire Bank $ 99,000.00 9818003589 Empire Bank $ 99,000.00 9818003701 Third NB of Sedalia $ 99,000.00 9818003693 Third NB of Sedalia $ 99,000.00 9818001453 Whatcom Educational CU $ 99,000.00 ▇▇▇▇▇▇▇▇▇▇ Whatcom Educational CU $ 99,000.00 ▇▇▇▇▇▇▇▇▇▇ Whatcom Educational CU $ 51,000.00 9818001493&1501&1509 Sharonview FCU $ 248,000.00 9818001605 Sunwest Educational CU $ 50,000.00 9818001597 Sunwest Educational CU $ 99,000.00 9818001589 Sunwest Educational CU $ 99,000.00 9818001581 Bay FCU $ 99,000.00 ▇▇▇▇▇▇▇▇▇▇ Dallas Federal Credit Union $ 99,000.00 ▇▇▇▇▇▇...
Market Place Deposits. “Market Place Deposits” is a description given to deposits that may have been solicited via a money desk, internet subscription service (for example, Qwickrate), or similar programs. Southern Colorado does have Qwickrate deposits as identified above. Please see the attached Deposit Detail Report for a listing of these accounts. This list will be updated post closing with balances as of Bank Closing date. This schedule provides account categories and balances as of the date of the deposit download. The final numbers for Schedule 7 will be provided post closing. EXHIBIT 3.2(c) -- VALUATION OF CERTAIN QUALIFIED FINANCIAL CONTRACTS
A. Scope
Market Place Deposits. “Market Place Deposits” is a description given to deposits that may have been solicited via a money desk, internet subscription service (for example, Qwickrate), or similar programs. ▇▇▇▇▇▇ Bank does have Qwickrate deposits as identified above. The Qwickrate deposits are reported as time deposits in the Call Report. ▇▇▇▇▇▇ Bank uses “Branch 4” on their system to identify both brokered and Qwickrate deposits. Please see the attached Schedule 7 – Qwickrate Deposit Detail Report for a listing of these accounts as of June 8, 2009. This list will be updated post closing with balances as of Bank Closing date. This schedule provides account categories and balances as of the date of the deposit download, or as indicated. The deposit franchise bid premium will be calculated using account categories and balances as of Bank Closing Date that are reflected in the general ledger or subsystem as described above. The final numbers for Schedule 7 will be provided post closing. Jun 9, 2009 - 1 - 10:12:44 AM
(a) With respect to each asset (or liability) designated from time to time by the Receiver to be serviced by the Assuming Bank pursuant to this Arrangement (such being designated as "Pool Assets"), during the term of this Arrangement, the Assuming Bank shall:
(i) Promptly apply payments received with respect to any Pool Assets;
(ii) Reverse and return insufficient funds checks;
(iii) Pay (A) participation payments to participants in Loans, as and when received; and (B) tax and insurance bills on Pool Assets as they come due, out of escrow funds maintained for purposes;
(iv) Maintain accurate records reflecting (A) the payment history of Pool Assets, with updated information received concerning changes in the address or identity of the obligors and
Market Place Deposits. “Market Place Deposits” is a description given to deposits that may have been solicited via a money desk, internet subscription service (for example, Qwickrate), or similar programs. American United Bank does have Internet deposits as identified above. Please see the attached Deposit Detail Report for a listing of these accounts. This list will be updated post closing with balances as of Bank Closing date. This schedule provides account categories and balances as of the date of the deposit download. The final numbers for Schedule 7 will be provided post closing. EXHIBIT 3.2(c) -- VALUATION OF CERTAIN QUALIFIED FINANCIAL CONTRACTS
A. Scope
Market Place Deposits. “Market Place Deposits” is a description given to deposits that may have been solicited via a money desk, internet subscription service (for example, Qwickrate), or similar programs. Mutual Bank does have Market Place Deposits as identified above. Please see the attached Schedule 7 – Market Place Deposit Detail Report for a listing of these accounts as of 7/1/09. This list will be updated post closing with balances as of Bank Closing date. This schedule provides account categories and balances as of the date of the deposit download, or as indicated. The deposit franchise bid premium will be calculated using account categories and balances as of Bank Closing Date that are reflected in the general ledger or subsystem as described above. The final numbers for Schedule 7 will be provided post closing.
Market Place Deposits. “Market Place Deposits” is a description given to deposits that may have been solicited via a money desk, internet subscription service (for example, Qwickrate), or similar programs. Waterford Village Bank does have any Market Place Deposits as of the deposit download date, May 31, 2009, as identified above. The amount of Market Place Deposits will be updated post closing with balances as of Bank Closing date. This schedule provides account categories and balances as of the date of the deposit download, or as indicated. The deposit franchise bid premium will be calculated using account categories and balances as of Bank Closing Date that are reflected in the general ledger or subsystem as described above. The final numbers for Schedule 7 will be provided post closing.
Market Place Deposits. “Market Place Deposits” is a description given to deposits that may have been solicited via a money desk, internet subscription service (for example, Qwickrate), or similar programs. Century Bank, FSB does have Qwickrate deposits as identified above. The Qwickrate deposits are reported as time deposits in the Thrift Financial Report. Century Bank, FSB uses “Branch 4” on their system to identify both brokered and Qwickrate deposits. Please see the attached Schedule 7 – Qwickrate Deposit Detail Report for a listing of these accounts as of June 30, 2009. This list will be updated post closing with balances as of Bank Closing date. This schedule provides account categories and balances as of the date of the deposit download, or as indicated. The deposit franchise bid premium will be calculated using account categories and balances as of Bank Closing Date that are reflected in the general ledger or subsystem as described above. The final numbers for Schedule 7 will be provided post closing.
Market Place Deposits. “Market Place Deposits” is a description given to deposits that may have been solicited via a money desk, internet subscription service (for example, Qwickrate), or similar programs. Premier Bank does have Qwickrate deposits as identified above. Please see the attached Schedule 2.1.a - Qwickrate Deposit Detail Report which provides a snapshot of account categories and balances as of July 21, 2010, which is the date of the deposit download. The final numbers for Schedule 2.1.a will be provided post closing. Module 1 – Whole Bank w/ Loss Share – P&A Premier Bank Version 2.10A September 22, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇
(a) cash and receivables from depository institutions, including cash items in the process of collection, plus interest thereon: Book Value
(b) securities (exclusive of the capital stock of Acquired Subsidiaries, Shared-Loss Securities, and FHLB stock), plus interest thereon: As provided in Section 3.2(b)
(c) federal funds sold and repurchase agreements, if any, including interest thereon: Book Value
(d) Loans: Book Value (e) credit card business: Book Value