Common use of New Checks Clause in Contracts

New Checks. As soon as possible and no later than thirty (30) days following the Closing Date, Purchaser shall provide holders of checking accounts at the Branch Offices some new checks MICR encoded with Purchaser's routing and transit numbers and Purchaser's customer identification number at its sole cost and expense. For a period no longer than ninety (90) days following the Closing Date, Seller shall immediately pass through to Purchaser checks received by it drawn on such accounts. Purchaser accepts full responsibility to either pay the items or return them in accordance with the customer agreement and the applicable state uniform commercial code. During the ninety (90) day or shorter period described, Seller shall give Purchaser a daily accounting of debits for its clearing account. On a daily basis, upon review of such debits, Purchaser shall reimburse Seller by wire transfer in immediately available funds to Seller's Account; provided, however, after thirty (30) days following the Closing, Seller shall settle by wire transfer in immediately available funds on a weekly basis.

New Checks. As soon as possible and no later than thirty (30) calendar days following the Closing Date, Purchaser shall provide holders of checking accounts at the Branch Offices some Office with new checks MICR encoded with Purchaser's routing and transit numbers and Purchaser's customer identification number at its sole cost and expense. For a period no longer than of ninety (90) calendar days following the Closing Date, Seller shall immediately pass through to Purchaser checks received by it drawn on such accounts. Purchaser accepts full responsibility to either pay the items or return them in accordance with the customer agreement and the applicable state uniform commercial code. During the ninety (90) day or shorter period described, Seller shall give Purchaser a daily accounting of debits for its clearing account. On a daily basis, upon review of such debits, Purchaser shall reimburse Seller by wire transfer in immediately available funds to Seller's Account; provided, however, after thirty (30) calendar days following the Closing, Seller shall settle by wire transfer in immediately available funds on a weekly basis.

New Checks. As soon as possible and no later than thirty (30) calendar days following the Closing Date, Purchaser shall provide holders of checking accounts at the Branch Offices some Office with new checks MICR encoded with Purchaser's routing and transit numbers and Purchaser's customer identification number at its sole cost and expense. For a period no longer than of ninety (90) calendar days following the Closing Date, Seller shall immediately pass through to Purchaser checks received by it drawn on such accounts. Purchaser accepts full responsibility to either pay the items or return them in accordance with the customer agreement and the applicable state uniform commercial code. During the ninety (90ninety-(90) day or shorter period described, Seller shall give Purchaser a daily accounting of debits for its clearing account. On a daily basis, upon review of such debits, Purchaser shall reimburse Seller by wire transfer in immediately available funds to Seller's Account; provided, however, after thirty (30) calendar days following the Closing, Seller shall settle by wire transfer in immediately available funds on a weekly basis.