Common use of Timing of Bank’s Response Clause in Contracts

Timing of Bank’s Response. The Bank shall respond in writing to such claimant within 60 days after receiving the request for review. If the Bank determines that special circumstances require additional time for processing the claim, the Bank can extend the response period by an additional 60 days by notifying the claimant in writing, prior to the end of the initial 60-day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Bank expects to render its decision.

Appears in 25 contracts

Samples: Dollar Agreement, Endorsement Split Dollar (ESSA Bancorp, Inc.), Endorsement Split Dollar (ESSA Bancorp, Inc.)

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Timing of Bank’s Response. The Bank shall respond in writing to such claimant Claimant within 60 sixty (60) days after receiving the request for review. If the Bank determines that special circumstances require additional time for processing the claim, the Bank can extend the response period by an additional 60 sixty (60) days by notifying the claimant Claimant in writing, prior to the end of the initial sixty (60-) day period, period that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Bank expects to render its decision.

Appears in 11 contracts

Samples: Endorsement Split Dollar Life Insurance Agreement (Origin Bancorp, Inc.), Endorsement Split Dollar Life Insurance Agreement (Origin Bancorp, Inc.), Endorsement Split Dollar Life Insurance Agreement (Origin Bancorp, Inc.)

Timing of Bank’s Response. The Bank shall respond in writing to such claimant within 60 sixty (60) days after receiving the request for review. If the Bank determines that special circumstances require additional time for processing the claim, the Bank can extend the response period by an additional 60 sixty (60) days by notifying the claimant in writing, prior to the end of the initial sixty (60-) day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Bank expects to render its decision.

Appears in 8 contracts

Samples: Split Dollar Life Insurance Agreement (Sandy Spring Bancorp Inc), Split Dollar Agreement (Ohio Valley Banc Corp), Endorsement Split Dollar (HarborOne Bancorp, Inc.)

Timing of Bank’s Response. The Bank shall respond in writing to such claimant within 60 days after receiving the request for review. If the Bank determines that special circumstances require additional time for processing the claim, the Bank can extend the response period by an additional 60 days by notifying the claimant in writing, prior to the end of the initial 60-day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Bank expects to render its decision.. FIRST NATIONAL BANK OF NORTHERN CALIFORNIA AMENDED AND RESTATED SPLIT DOLLAR LIFE INSURANCE AGREEMENT

Appears in 6 contracts

Samples: Split Dollar Life Insurance Agreement, Split Dollar Life Insurance Agreement (FNB Bancorp/Ca/), Split Dollar Life Insurance Agreement (FNB Bancorp/Ca/)

Timing of Bank’s Response. The Bank shall respond in writing to such claimant within 60 days after receiving the request for review. If the Bank determines that special circumstances require additional time for processing the claim, the Bank can extend the response period by an additional 60 days by notifying the claimant in writing, prior to the end of the initial 60-day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Bank expects to render its decision.

Appears in 1 contract

Samples: Supplemental Life Insurance Agreement (Northern California Bancorp Inc)

Timing of Bank’s Response. The Bank shall respond in writing to such claimant Claimant within 60 sixty (60) days after receiving the request for review. If the Bank determines that special circumstances require additional time for processing the claim, the Bank can extend the response period by an additional 60 sixty (60) days by notifying the claimant Claimant in writing, prior to the end of the initial sixty (60-) day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Bank expects to render its decision.

Appears in 1 contract

Samples: Endorsement Split Dollar Life Insurance Agreement (Heritage NOLA Bancorp, Inc.)

Timing of Bank’s Response. The Bank shall respond in writing to such claimant within 60 sixty (60) days after receiving the request for review. If the Bank determines that special circumstances require additional time for processing the claim, the Bank can extend the response period by an additional 60 sixty (60) days by notifying the claimant in writing, prior to the end of the initial sixty (60-) day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Bank expects to render its decision.. THE SIMSBURY BANK & TRUST COMPANY Endorsement Split Dollar Insurance Agreement

Appears in 1 contract

Samples: Endorsement Split Dollar Insurance Agreement (SBT Bancorp, Inc.)

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Timing of Bank’s Response. The Bank shall respond in writing to such claimant within 60 sixty (60) days after receiving the request for review. If the Bank determines that special circumstances require additional time for processing the claim, the Bank can extend the response period by an additional 60 sixty (60) days by notifying the claimant in writing, prior to the end of the initial sixty (60-) day period, that which an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Bank expects to render its decision.

Appears in 1 contract

Samples: Dollar Agreement (First Citizens Bancshares Inc /Tn/)

Timing of Bank’s Response. The Bank shall respond in writing to such claimant within 60 days after receiving the request for review. If the Bank determines that special circumstances require additional time for processing the claim, the Bank can extend the response period by an additional 60 days by notifying the claimant in writing, prior to the end of the initial 60-day period, that an all additional period is required. The notice of extension must set forth the special circumstances and the date by which the Bank expects to render its decision.

Appears in 1 contract

Samples: Death Benefit Plan and Agreement (Mid Penn Bancorp Inc)

Timing of Bank’s Response. The Bank shall respond in writing to such claimant within 60 days after receiving the request for review. If the Bank determines that special circumstances require additional time for processing the claim, the Bank can extend the response period by to an additional 60 days by notifying the claimant in writing, prior to the end of the initial 60-day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Bank expects to render its decision.

Appears in 1 contract

Samples: Supplemental Life Insurance Agreement (PFS Bancorp, Inc.)

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