Operation of the Branches. Purchaser intends to continue to provide retail and business banking services in the geographical area served by the Branches.
Operation of the Branches. Purchaser intends to continue to provide banking services in the Geographic Coverage Area served by the Branches comparable to the banking services Purchaser currently provides in the geographic markets served by its existing branches.
Operation of the Branches. Purchaser intends to continue to provide retail and business banking services in the geographical area served by the Branches, provided that nothing herein shall be deemed to constitute a representation to continue to operate any specific Branch.
Operation of the Branches. Purchaser has no present intention to discontinue to provide retail and business banking services in the geographical area served by the Branches, provided that nothing herein shall be deemed to constitute a representation to continue to operate any particular Branch.
Operation of the Branches. During the weekend immediately preceding the Closing Date, Seller shall not open the Branches for the conduct of business.
2.10.13. Schedule F, paragraph (b) under the heading “Transitional Action by Both Parties” is amended, such that the reference to the term “Closing Date” in the first sentence is deleted and in place thereof is inserted the term “Effective Time”.
2.10.14. Schedule F, paragraph (e) under the heading “Transitional Action by Both Parties” is amended, such that each reference to the term “Closing Date” in the last sentence is deleted and in place thereof, in each instance, is inserted the term “Effective Time”.
2.10.15. Schedule F, paragraph (f) under the heading
Operation of the Branches. Purchaser intends to offer the broad array of retail and business banking services commonly offered in the State of California in the geographic area served by the Branches to be acquired by Purchaser under this Agreement. Execution Copy
Operation of the Branches. During the weekend immediately preceding the Closing Date, Seller shall not open the Branches for the conduct of business.
Operation of the Branches. Seller shall continue to operate the Branches in a manner substantially equivalent to that manner and system of operation employed immediately prior to the Effective Date; provided, however, as set forth in Section 7.02(e) herein, it is contemplated by the parties that, prior to Closing, Seller will terminate certain programs which are currently in effect which allow depositors to access Deposit Accounts through electronic means. Notwithstanding the foregoing and except as may be required to obtain the required authorizations referred to in Section 2.03 of this Agreement, between the Effective Date of this Agreement and the Closing Date, and except as may be otherwise required by a regulatory authority, Seller shall not, without the prior written consent of Buyer:
(i) cause any Branch to engage or participate in any transaction or incur or sustain any obligation which, in the aggregate, is material to its business, condition, or operations except in the ordinary course of business;
(ii) cause any Branch to transfer to Seller's other operations or to any third party any material amount of Assets, except for (a) supplies, if any, which have unique function in the business of Seller and its affiliates and ordinarily would not be useful to Buyer, (b) cash and other normal intrabank transfers which may be transferred in the ordinary course of business in accordance with normal banking practices, and (c) signs, or those parts thereof bearing the Seller's name and/or logo;
(iii) cause any Branch to transfer to Seller's other operations any deposits other than deposits securing loans made by Seller which are not Branch Loans, except in the ordinary course of business at the unsolicited request of depositors; or cause any of Seller's other operations to transfer to any Branch any deposits, except in the ordinary course of business at the unsolicited request of depositors; provided, however, that Seller shall be permitted to make such transfers of any deposits to or from any Branch as are in the normal course of business and do not violate the foregoing restrictions;
(iv) invest in any Fixed Assets on behalf of any Branch, except for commitments made on or before the Effective Date of this Agreement which (a) are disclosed to Buyer on Schedule C and Schedule G, and (b) for replacements of furniture, furnishings and equipment and normal maintenance and refurbishing purchased or made in the ordinary course of Branch business in an aggregate amount not to exceed $25,00...
Operation of the Branches. Except as otherwise expressly provided in this Agreement, after the Closing Date neither Seller, its subsidiaries, affiliates nor parent corporation shall be obligated to provide for any managerial, financial, business, or other services to the Branches, including without limitation any personnel, employee benefit, data processing, accounting, risk management, or other services or assistance that may have been provided to the Branches prior to the close of business on the Closing Date, and Buyer shall take such action as may in its judgment appear to be necessary or advisable to provide for the ongoing operation and management of, and the provision of services and assistance to, the Branches after the Closing Date. Preceding the Closing, Seller shall cooperate with any reasonable requests of Buyer directed to obtaining specifications for the procurement of new signs of Buyer's choosing for installation by Buyer of new signs immediately following the close of business on the Closing Date; provided however that Buyer's receipt of all sign specifications shall be obtained by Buyer in a manner that does not significantly interfere with the normal business activities and operations of the Branches and shall be at the sole and exclusive expense of Buyer. It is understood by the parties hereto that all mounting facilities for the signs shall be considered as Fixed Assets for purposes of this Agreement.
Operation of the Branches. During the weekend immediately preceding the Closing Date, Seller shall not open the Branches for the conduct of business.
2.10.13. Schedule F, paragraph (b) under the heading "Transitional Action by Both Parties" is amended, such that the reference to the term "Closing Date" in the first sentence is deleted and in place thereof is inserted the term "Effective Time".
