Non-Brokered Reciprocal Deposits and Non Sample Clauses

Non-Brokered Reciprocal Deposits and Non. Brokered Sweep Deposits Non-brokered reciprocal deposits and non-brokered sweep deposits pass to the Assuming Institution, but they are excluded from Assumed Deposits when the deposit premium is calculated. [Failed Bank] did not participate in any network program as of the date of the deposit download. If non-brokered deposits are taken between the date of the deposit download and the Bank Closing Date, they will be identified post-closing and made part of Schedule 7 to the Purchase and Assumption Agreement.
Sample 1
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Non-Brokered Reciprocal Deposits and Non. Brokered Sweep Deposits (Network Program Deposits) Non-brokered reci procal deposits and non-brokered sweep deposits obtained through a network program(s) (e.g. Intra Fi ® ) pass to the Assu ming Institution, but are excluded from Assu med Deposits when the deposit premium is ca lculated . Failed Bank does not participate in a network program(s) as of the date of the deposit download. Please see the "Schedul e 7 - Network Program Deposits Detail Report", if applicable. If network program deposits are taken between the date of the deposit download and the Bank Closing Date, they will be identified post-closing and made part of Schedul e 7 to the Purchase and Assumption Agreement. Ill. Listing Service Deposits Listing service deposits are deposits solicited from deposit listing service companies (e.g., QwickRate") that compile information about the interest rates offered on deposits, such as certificates of deposit, by insu red depository institutions. Failed Bank does have listing service deposits as identified above. Please see below for a listing of these accou nts as of the deposit download date, if applicable. This list wi ll 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 wi ll be ca lculated using account categories and balances as of the Bank Closing Date that are reflected in the general ledger or su bsystem as described above. The fi nal numbers for Schedul e 7 wi ll be provided post-closing. EXHIBIT 2.4A FINAL LEGAL NOTICE Claiming Requirements for Deposits Under 12 U.S.C. 1 822(e) [Date] [Name of Unclaimed Depositor] [Address of Unclaimed Depositor] [Anytown, USA] Subject: [XXXXX - Name of Bank City, State] - In Receivership Dear [Sir/Xxxxx] : 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 Assuming Institution] . According to federal law under 12 U.S.C., 1 822(e), on [Date: eighteen months from the Closing Date], [Name of Assuming Institution] must transfer the funds in your account(s) back to the FDIC ifyou have not claimed your account(s) with [Name of Assuming Institution] . Based on the records recently supplied to us by [Name of Assuming Institution] , your account(s) currently fall into this category. This letter is your formal Legal Notice ...
Sample 1
Non-Brokered Reciprocal Deposits and Non. Brokered Sweep Deposits Non-brokered reciprocal deposits and non-brokered sweep deposits pass to the Assuming Institution, but they are excluded from Assumed Deposits when the deposit premium is calculated. [Failed Bank] did not participate in any network program as of the date of the deposit download. If non-brokered deposits are taken between the date of the deposit download and the Bank Closing Date, they will be identified post-closing and made part of Schedule 7 to the Purchase and Assumption Agreement. Version 13.2 - PURCHASE AND ASSUMPTION AGREEMENT SIGNATURE BRIDGE BANK, NA New York. New York
Sample 1

Related to Non-Brokered Reciprocal Deposits and Non

  • Initial Deposits On the Closing Date and on each Addition Date thereafter, the Servicer will deposit (in immediately available funds) into the Collection Account all Collections received after the applicable Cut-Off Date and through and including the Closing Date or Addition Date, as the case may be, in respect of Eligible Assets being transferred to and included as part of the Collateral on such date.

  • Additional Deposits (a) The Servicer and the Seller, as applicable, shall deposit or cause to be deposited in the Collection Account on the Determination Date on which such obligations are due the aggregate Purchase Amount with respect to Purchased Receivables and the aggregate Sale Amounts with respect to Sold Receivables.

  • Agreement to Terms of Subordination; Payments from Monies Received Only (a) Each Trustee hereby (i) acknowledges and agrees to the terms of subordination and distribution set forth in this Agreement in respect of each Class of Certificates and (ii) agrees to enforce such provisions and cause all payments in respect of the Equipment Notes held by the Subordination Agent and the Liquidity Facilities to be applied in accordance with the terms of this Agreement. In addition, each Trustee hereby agrees to cause the Equipment Notes purchased by the related Trust to be registered in the name of the Subordination Agent or its nominee, as agent and trustee for such Trustee, to be held in trust by the Subordination Agent solely for the purpose of facilitating the enforcement of the subordination and other provisions of this Agreement.

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