Common use of No Servicing and Maintenance Contracts Clause in Contracts

No Servicing and Maintenance Contracts. Except for the Personal Property Leases, no existing contracts of Seller with respect to the service, maintenance and physical operation of the Branches will be assumed at the Closing by Purchaser. All such service and maintenance shall be provided by Purchaser, subsequent to the Closing, pursuant to its own contracts.

Appears in 4 contracts

Samples: Purchase and Assumption Agreement (Tehama Bancorp), Purchase and Assumption Agreement (Fp Bancorp Inc), Purchase and Assumption Agreement (Central Coast Bancorp)

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No Servicing and Maintenance Contracts. Except for the Personal Property Leases, no No existing contracts of Seller with respect to the service, maintenance and physical operation of the Branches will be assumed at the Closing by Purchaser. All such service and maintenance shall be provided by Purchaser, subsequent to the Closing, pursuant to its own contracts.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Cowlitz Bancorporation), Purchase and Assumption Agreement (Klamath First Bancorp Inc), Purchase and Assumption Agreement (National Bancshares Corp of Texas)

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