Common use of Remittance of Payments Clause in Contracts

Remittance of Payments. For ninety (90) days following the Closing Date, (i) Seller shall remit to Purchaser all payments received by Seller at its other offices after the Closing Date which relate to the Branch Offices with respect to Loans or amounts intended for deposit to the accounts which are part of the Deposits or otherwise relating to the Deposits or Loans, and after such ninety (90) day period Seller shall return such items; (ii) Purchaser shall remit to Seller all payments received by Purchaser at the Branch Offices or its other offices after the Closing Date which relate to Seller's other offices, and after such ninety (90) day period Purchaser shall return such items; and (iii) With respect to checks or drafts drawn against accounts which are Deposits, Seller shall cooperate with Purchaser and take all reasonable steps requested by Purchaser to ensure that each such item that is coded for presentment to Seller or to any bank for the account of Seller is delivered to Purchaser in accordance with applicable law and Clearing House rules or agreement, and after such ninety (90) day period Seller shall return such items marked "Account Closed".

Remittance of Payments. For ninety (90) calendar days following the Closing Date, (i) Seller shall remit to Purchaser all payments received by Seller at its other offices after the Closing Date which relate to the Branch Offices Office with respect to Loans or amounts intended for deposit to the accounts which are part of the Deposits or otherwise relating to the Deposits or Loans, and after such ninety (90) calendar day period Seller shall return such items; (ii) Purchaser shall remit to Seller all payments received by Purchaser at the Branch Offices Office or its other offices after the Closing Date which relate to Seller's other offices, and after such ninety (90) calendar day period Purchaser shall return such items; and (iii) With respect to checks or drafts drawn against accounts which are Deposits, Seller shall cooperate with Purchaser and take all reasonable steps requested by Purchaser to ensure that each such item that is coded for presentment to Seller or to any bank for the account of Seller is delivered to Purchaser in accordance with applicable law and Clearing House rules or agreement, and after such ninety (90) calendar day period Seller shall return such items marked "Account Closed".

Remittance of Payments. For ninety (90) days following the Closing Date, (i) Seller shall remit to Purchaser all payments received by Seller at its other offices after the Closing Date which relate to the Branch Offices with respect to Loans or amounts intended for deposit to the accounts which are part of the Deposits or otherwise relating to the Deposits or Loans, and after such ninety (90) day period Seller shall return such items; (ii) Purchaser shall remit to Seller all payments received by Purchaser at the Branch Offices or its other offices after the Closing Date which relate to Seller's other offices, and after such ninety (90) day period Purchaser shall return such items; and (iii) With respect to checks or drafts drawn against accounts which are Deposits, Seller shall cooperate with Purchaser and take all reasonable steps requested by Purchaser to ensure that each such item that is coded for presentment to Seller or to any bank for the account of Seller is delivered to Purchaser in accordance with applicable law and Clearing House rules or agreement, and after such ninety (90) day 62 period Seller shall return such items marked "Account Closed".

Remittance of Payments. For ninety (90) calendar days following the Closing Date, (i) Seller shall remit to Purchaser all payments received by Seller at its other offices after the Closing Date which relate to the Branch Offices Office with respect to Loans or amounts intended for deposit to the accounts which are part of the Deposits or otherwise relating to the Deposits or Loans, and after such ninety (90) calendar day period Seller shall return such items; (ii) Purchaser shall remit to Seller all payments received by Purchaser at the Branch Offices Office or its other offices after the Closing Date which relate to Seller's other offices, and after such ninety (90) calendar day period Purchaser shall return such items; and (iii) With respect to checks or drafts drawn against accounts which are Deposits, Seller shall cooperate with Purchaser and take all reasonable steps requested by Purchaser to ensure that each such item that is coded for presentment to Seller or to any bank for the B-4 55 account of Seller is delivered to Purchaser in accordance with applicable law and Clearing House rules or agreement, and after such ninety (90) calendar day period Seller shall return such items marked "Account Closed".