Common use of Preliminary Closing Statement Clause in Contracts

Preliminary Closing Statement. Not less than five (5) days prior to the Closing Date, Seller shall deliver to Purchaser a proposed preliminary closing statement, in the form of Schedule B to this Agreement, completed as at a date mutually agreed to by the parties. The parties shall agree upon the preliminary closing statement before the Closing, and it shall be the basis of a preliminary payment to be made to Purchaser's account on the Closing Date, or to Seller's account at the Closing, as the case may be (the "Preliminary Payment").

Appears in 2 contracts

Samples: Branch Purchase and Assumption Agreement (Park National Corp /Oh/), Branch Purchase and Assumption Agreement (First Federal Financial Services Corp)

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Preliminary Closing Statement. Not less than five (5) days prior to the Closing Date, Seller shall deliver to Purchaser a proposed preliminary closing statement, in the form of Schedule B to this Agreement, completed as at a date mutually agreed to by the parties. The parties shall agree upon the preliminary closing statement before the ClosingClosing Date, and it shall be the basis of a preliminary payment to be made to Purchaser's account on the Closing Dateaccount, or to Seller's account at the Closingaccount, as the case may be be, on the Closing Date (the "Preliminary PaymentPRELIMINARY PAYMENT").

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (First Federal Financial Services Corp)

Preliminary Closing Statement. Not less than five (5) days prior to the Closing Date, Seller shall deliver to Purchaser a proposed preliminary closing statement, in the form of Schedule B to this Agreement, completed as at a date mutually agreed to by the parties. The parties shall agree upon the preliminary closing statement before the ClosingClosing Date, and it shall be the basis of a preliminary payment to be made to Purchaser's account on the Closing Date’s account, or to Seller's account at the Closing’s account, as the case may be be, on the Closing Date (the "Preliminary Payment").

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (LNB Bancorp Inc)

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Preliminary Closing Statement. Not less than five (5) days prior to the Closing Date, Seller shall deliver to Purchaser a proposed preliminary closing statement, in the form of Schedule B to this Agreement, completed as at a date mutually agreed to by the parties. The parties shall agree upon the preliminary closing statement before the ClosingClosing Date, and it shall be the basis of a preliminary payment to be made to Purchaser's account on the Closing Dateaccount, or to Seller's account at the Closingaccount, as the case may be be, on the Closing Date (the "Preliminary Payment").

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Park National Corp /Oh/)

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