Common use of Operational and Data Processing Conversion Matters Clause in Contracts

Operational and Data Processing Conversion Matters. Seller shall cooperate with Purchaser's reasonable requests in order to accommodate any and all requirements for Purchaser to convert the operations of the Branch from Branch of Seller to Branch of Purchaser, including without limitation any requirements for the conversion of data processing to Purchaser's systems. Seller covenants that it will assist Purchaser with Purchaser's reasonable requests following the Closing in the event that Purchaser is unable to complete its requirements prior thereto. If Purchaser believes it will be unable to complete conversion prior to Closing, Purchaser shall so notify Seller at least 30 days prior to Closing. In such event, Seller and Purchaser shall negotiate in good faith to reach a service agreement that provides for Seller to continue to "service" the Deposits and Transferred Loans for an interim period of time and which provides for Seller to be compensated for providing such services at Seller's fully-loaded costs not to exceed $5,000 per month.

Operational and Data Processing Conversion Matters. Seller shall cooperate with Purchaser's reasonable requests in order to accommodate any and all requirements for Purchaser to convert the operations of the Branch Branches from Branch branches of Seller to Branch branches of Purchaser, including without limitation any requirements for the conversion of data processing to Purchaser's systems. Seller covenants that it will assist Purchaser with Purchaser's reasonable requests following the Closing in the event that Purchaser is unable to complete its requirements prior thereto. If Purchaser believes it will be unable to complete conversion prior to Closing, Purchaser shall so notify Seller at least 30 days prior to Closing. In such event, Seller and Purchaser shall negotiate in good faith to reach a service agreement that provides for Seller to continue to "service" the Deposits and Transferred Loans for an interim period of time and which provides for Seller to be compensated for providing such services at Seller's fully-loaded costs not to exceed $5,000 per month.

Operational and Data Processing Conversion Matters. Seller shall cooperate with Purchaser's ’s reasonable requests in order to accommodate any and all requirements for Purchaser to convert the operations of the Branch from Branch of Seller to Branch of Purchaser, including without limitation any requirements for the conversion of data processing to Purchaser's ’s systems. Seller covenants that it will assist Purchaser with Purchaser's ’s reasonable requests following the Closing in the event that Purchaser is unable to complete its requirements prior thereto. If Purchaser believes it will be unable to complete conversion prior to Closing, Purchaser shall so notify Seller at least 30 days prior to Closing. In such event, Seller and Purchaser shall negotiate in good faith to reach a service agreement that provides for Seller to continue to "“service" ” the Deposits and Transferred Loans for an interim period of time and which provides for Seller to be compensated for providing such services at Seller's ’s fully-loaded costs not to exceed $5,000 per month.

Operational and Data Processing Conversion Matters. Seller shall cooperate with Purchaser's ’s reasonable requests in order to accommodate any and all requirements for Purchaser to convert the operations of the Branch Branches from Branch branches of Seller to Branch branches of Purchaser, including without limitation any requirements for the conversion of data processing to Purchaser's ’s systems. Seller covenants that it will assist Purchaser with Purchaser's ’s reasonable requests following the Closing in the event that Purchaser is unable to complete its requirements prior thereto. If Purchaser believes it will be unable to complete conversion prior to Closing, Purchaser shall so notify Seller at least 30 days prior to Closing. In such event, Seller and Purchaser shall negotiate in good faith to reach a service agreement that provides for Seller to continue to "“service" ” the Deposits and Transferred Loans for an interim period of time and which provides for Seller to be compensated for providing such services at Seller's ’s fully-loaded costs not to exceed $5,000 per month.