Time, Place, and Manner of Closing. (a) The consummation of the transactions contemplated under this Agreement (the "Closing") will take place (assuming the satisfaction, or where legally permitted, the waiver of conditions of all parties to close the transactions contemplated hereby that are set forth in this Agreement, and the receipt by Purchaser of all required regulatory approvals, and the expiration of all applicable waiting periods specified by the applicable regulatory authority, on or before such date) on September 24, 2010 or on such earlier date as mutually agreed by Seller and Purchaser; provided, however, that the Closing shall be held in any event no later than September 30, 2010 (the date so fixed, the "Closing Date"). (b) The Closing shall be held remotely via the electronic exchange of documents and signatures on the Closing Date. The parties hereto acknowledge and agree that (i) all proceedings at the Closing shall be deemed to be taken and all documents to be executed and delivered by all parties at the Closing shall be deemed to have been taken and executed simultaneously, and no proceedings shall be deemed taken nor any documents executed or delivered until all have been taken, executed or delivered, and (ii) the Closing shall be deemed to have taken place at the executive offices of Seller in Evansville, Indiana. (c) Except as expressly otherwise provided herein, the parties agree that the transactions contemplated hereby shall be effective as of the close of business on the Closing Date. It is the intent of the parties to schedule the Closing on a Friday, after processing Thursday night's business with Purchaser picking up the needed data processing files from Seller on Friday to facilitate the computer conversion. Unless the parties agree that the conversion of the data processing with respect to the Branches will be performed other than on the weekend immediately following the Closing Date, the Closing Date shall be on a Friday and such conversion will be completed prior to the close of business on the following Monday.
Appears in 1 contract
Samples: Branch Purchase Agreement (Premier Financial Bancorp Inc)
Time, Place, and Manner of Closing. (a) The consummation of the transactions contemplated under this Agreement (the "Closing") will take place on such date that is reasonably mutually acceptable to the parties as soon as reasonably practicable (assuming but not before the satisfaction30th day after the date hereof, and in any event not later than June 30, 2010) following the satisfaction or where legally permitted, the waiver of conditions of all parties to close the transactions contemplated hereby that are set forth in this Agreement, and the receipt by Purchaser of all required regulatory approvals, and the expiration of all applicable waiting periods specified by the applicable regulatory authority, on or before such date) on September 24, 2010 or on such earlier date as mutually agreed by Seller and Purchaser; provided, however, that the Closing shall be held in any event no later than September 30, 2010 Agreement (the date so fixed, the "Closing Date").
(b) The Closing shall be held remotely via the electronic exchange of documents and signatures on the Closing Date. The parties hereto acknowledge and agree that (i) all proceedings at the Closing shall be deemed to be taken and all documents to be executed and delivered by all parties at the Closing shall be deemed to have been taken and executed simultaneously, and no proceedings shall be deemed taken nor any documents executed or delivered until all have been taken, executed or delivered, and (ii) the Closing shall be deemed to have taken place at the executive offices of Seller in Evansville, Indiana.
(c) Except as expressly otherwise provided herein, the parties agree that the transactions contemplated hereby shall be effective as of the close opening of business on the Closing Date. It is the intent of the parties to schedule the Closing on a Friday, after processing Thursday night's business with Purchaser picking up the needed data processing files from Seller on Friday to facilitate the computer conversion. Unless the parties agree that the conversion of the data processing with respect to the Branches will be performed other than on the weekend immediately following the Closing Date, the Closing Date shall be on a Friday and such conversion will be completed prior to the close of business on the following Monday.
Appears in 1 contract
Samples: Loan Purchase Agreement (Premier Financial Bancorp Inc)
Time, Place, and Manner of Closing. (a) The consummation of the transactions contemplated under this Agreement (the "Closing") will take place on such date as may be mutually agreed to by the parties as soon as reasonably practicable following (assuming i) the satisfaction, or where legally permitted, the waiver of conditions of all parties to close the transactions contemplated hereby that are set forth in this Agreement, and (ii) the receipt by Purchaser of all required regulatory approvals, and the expiration of all applicable waiting periods specified by the applicable regulatory authority, on or before such date) on September 24, 2010 or on such earlier date as mutually agreed by Seller and Purchaser; provided, however, that if the parties do not otherwise agree prior to such date, then the Closing shall be held in any event on the first Friday that is at least two business days but no later than September 30, 2010 the seventh business day that follows the date as of which all such conditions have been satisfied (or waived) and all such approvals have been received and all waiting periods have expired (the date so fixed, the "Closing Date").
(b) The Closing shall be held remotely via the electronic exchange of documents and signatures on the Closing Date. The parties hereto acknowledge and agree that (i) all proceedings at the Closing shall be deemed to be taken and all documents to be executed and delivered by all parties at the Closing shall be deemed to have been taken and executed simultaneously, and no proceedings shall be deemed taken nor any documents executed or delivered until all have been taken, executed or delivered, and (ii) the Closing shall be deemed to have taken place at the executive offices of Seller in Evansville, Indiana.
(c) Except as expressly otherwise provided herein, the parties agree that the transactions contemplated hereby shall be effective as of the close of business on the Closing Date. It is the intent of the parties to schedule the Closing on a Friday, after processing Thursday night's business with Purchaser picking up the needed data processing files from Seller on Friday to facilitate the computer conversion. Unless the parties agree that the conversion of the data processing with respect to the Branches will be performed other than on the weekend immediately following the Closing Date, the Closing Date shall be on a Friday and such conversion will be completed prior to the close open of business on the following Monday.
Appears in 1 contract
Samples: Branch Purchase Agreement (United Community Bancorp)
Time, Place, and Manner of Closing. (a) The consummation closing of the transactions contemplated under by this Agreement (the "“Closing"”) will shall take place as soon as reasonably practicable following (assuming i) the satisfaction, or where legally permitted, the waiver waiver, of conditions of all parties to close the transactions contemplated hereby that are set forth in Article VI and Article VII of this Agreement, and (ii) the receipt by Purchaser of all required regulatory approvals, approvals of federal and state Regulatory Authorities necessary for Purchaser to consummate such transactions (or the expiration of all applicable waiting periods specified by the applicable regulatory authority, on or before Regulatory Authority); provided that if the parties do not otherwise agree prior to such date) on September 24, 2010 or on such earlier date as mutually agreed by Seller and Purchaser; provided, however, that the Closing shall be held in any event no later than September 30on the first Friday following the date on which all such conditions have been satisfied (or waived) and all such approvals have been received (or all waiting periods have expired) that Purchaser’s data processing vendor is available to undertake the computer conversion on behalf of Purchaser, 2010 or at such other time or date as may be mutually agreed to by the parties (the date so fixed, the "“Closing Date"”); provided, further, that the parties anticipate that the Closing Date will occur on September 7, 2012.
(b) The Closing shall be held remotely via the electronic exchange of documents and signatures on the Closing Date. The parties hereto acknowledge and agree that (i) all proceedings at the Closing shall be deemed to be taken and all documents to be executed and delivered by all parties at the Closing shall be deemed to have been taken and executed simultaneously, and no proceedings shall be deemed taken nor any documents executed or delivered until all have been taken, executed or delivered, and (ii) the Closing shall be deemed to have taken place at the executive offices of Seller Purchaser in EvansvilleOwensboro, IndianaKentucky.
(c) Except as expressly otherwise provided herein, the parties agree that the transactions contemplated hereby shall be effective as of the close of business on the Closing Date. It is the intent of the parties to schedule the Closing on a Friday, after processing Thursday night's business with Purchaser picking up the needed data processing files from Seller on Friday to facilitate the computer conversion. Unless the parties agree that the conversion of the data processing with respect to the Branches will be performed other than on the weekend immediately following the Closing Date, the Closing Date shall be on a Friday and such conversion will be completed prior to the close of business on the following Monday.
Appears in 1 contract
Samples: Branch Purchase Agreement (First Financial Service Corp)