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Transfer of Deposits Sample Clauses

Transfer of Deposits. Upon the date of termination or expiration of this Agreement as provided in Section 7.1 or 7.2 of this Agreement, Bank shall, at Higher One’s cost and expense, transfer the Depositor Accounts to an institution designated by Higher One (the “Transfer”), subject to the requirements of Applicable Law, the Depositor Agreement and any other applicable requirements. Any required approvals shall be obtained as soon as practicable following the date notice of termination is given; provided, however, notwithstanding anything in this Agreement to the contrary, the Parties shall continue to maintain the Depositor Accounts and perform related obligations pursuant to the terms provided in this Agreement until any necessary approvals have been obtained. As part of the Transfer, Bank shall, to the extent permitted or considered necessary or appropriate and at Higher One’s cost and expense, transfer any BINs, routing numbers and other related identifiers used in connection with the Depositor Accounts, and deliver any and all applicable information, account opening contracts and the like. The Parties shall cooperate with each other on the issuance of necessary notices to Depositors (at Higher One’s cost and expense) and on all other matters necessary or appropriate to a legal and efficient Transfer. Bank shall use commercially reasonable efforts to assist with the Transfer. Until the Transfer is complete, Bank shall continue to provide all services under this Agreement if requested to do so by Higher One upon the terms and conditions set forth in this Agreement, unless otherwise directed by a Regulatory Authority.
Transfer of Deposits. The maintenance deposit mentioned in this Agreement is to be paid by the Purchasers to the Developer and shall be held by the Developer free of interest and shall be transferred (if not adjusted against any arrears of payments) to the Association.
Transfer of DepositsThe Company shall have caused the U.S. Borrowers and Guarantors to direct the withdrawal by no later than May 18, 2000, of all amounts on deposit with financial institutions, brokerage houses, or other Persons on the date of this Second Amendment and transfer the same to the accounts referenced at A.3. above. A. Each of the Credit Parties hereby acknowledges the right of the Administrative Agent and each of the Lenders to, and agrees that the Administrative Agent and each of the Lenders and/or their authorized representatives (including, without limitation, any independent consultants engaged by the Administrative Agent) may, visit and inspect any of the Credit Parties' premises, books and records, receipts, correspondence and other data relating to their respective businesses and/or the transactions evidenced by or contemplated in the Credit Documents and the Collateral and to discuss their affairs, finances, and accounts with their management personnel and independent certified public accountants, which visit, inspection, and discussions shall be at the Company's expense. B. Each of the Credit Parties hereby reaffirms all of its obligations and duties under the Credit Documents as amended including but not limited to the Borrowers' obligations under the Credit Agreement and the Guarantors obligations under the Credit Agreement. C. The Company agrees to pay all reasonable costs and expenses in connection with the preparation, execution and delivery of this Second Amendment, including the reasonable fees and expenses of the Administrative Agent's legal counsel, Sidley & Austin. D. The Second Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original and it shall not be necessary in making proof of this Second Amendment to produce or account for more than one such counterpart.
Transfer of DepositsSeller currently has deposits under the Assumed Leases in the following amounts: Xxxxxxxx Lease $ 6,000.00 Atlanta Lease $ 25,425.00 25,425.83 Harrisburg Lease $ 2,423.00 2,423.92 Paramus Lease $ 2,167.08 In addition, Seller is holding a security deposit in the amount of $29,266.00 from a sublessee under the Atlanta Lease. At the Closing, in connection with the assignment by Seller of all of its rights and interests in the Assumed Leases to Purchaser, including but not limited to its right to any security deposits thereunder, Purchaser shall pay to Seller $6,750.25. Thereafter, Purchaser shall have the rights to the Security Deposits under the Xxxxxxxx Lease, the Atlanta Lease and the Harrisburg Lease, and shall be responsible for refunding the security deposit to the subtenant under the Atlanta Lease.
Transfer of Deposits. Upon the date of termination or expiration of this Agreement as provided in Section 7.1 or 7.2 of this Agreement or upon 180 days' written request by BMT, Bank shall transfer the Depositor Accounts to an institution designated by BMT (the "Transfer"), subject to the requirements of Applicable Law, the Depositor Agreement and any other applicable requirements. Any required approvals shall be obtained as
Transfer of DepositsHome Properties agrees that, following the Closing and at the request of New Conifer, Home Properties shall transfer up to $10 million of the deposits that it holds to one financial institution identified by New Conifer, provided that such institution is legally qualified to hold such deposits and has procedures in place for record keeping, release of the deposits and interest rates that are reasonably acceptable to Home Properties. Home Properties further agrees that if it does transfer deposits as described above, it shall leave the deposits at the financial institution until at least December 31, 2002. Home Properties further agrees that, at the request of New Conifer, Home Properties shall continue to maintain up to $5 million of the deposits that it holds in one financial institution identified by New Conifer until at least December 31, 2005, after which time it shall be free to transfer the deposits to another financial institution.
Transfer of Deposits. (a) Prior to the Closing Date, Seller will transfer to the Company or to any other person designated by the Company all funds referred to in Schedule 5.4 of this Agreement, and shall repay all outstanding balances due from Seller or its Affiliates to the Company or to the Subsidiaries. (b) Seller agrees that after the Closing Date all of the inter-company arrangements described in Schedule 3.11 shall not derogate, detract or diminish from the provisions of this Agreement and the provisions of all documents delivered in connection herewith. (c) Seller agrees to use its best efforts to transfer to the Company, prior to the Closing Date, the patents described in Schedule 3.17 (a)(i). Following the Closing Date, in the event that such patents will not be assigned to the Company, Seller shall indemnify the Company and shall hold it harmless from any and all damages arising from the fact that such patents are still registered under Seller's name. (d) As of the Closing Date, the Company or its Subsidiaries shall have no obligation to pay any additional management fees and other fees (except for rent) to Seller or its Affiliates and any payment made in excess will be adjusted pro-rata on an annual basis until the Closing Date.
Transfer of Deposits. Upon the date of termination or expiration of this Agreement as provided in Section 7.1 or 7.2 of this Agreement or upon 180 days’ written request by BMT, Bank shall transfer the Depositor Accounts to an institution designated by BMT (the “Transfer”), subject to the requirements of Applicable Law, the Depositor Agreement and any other applicable requirements. Any required approvals shall be obtained as soon as practicable following the date notice of termination is given; provided, however, notwithstanding anything in this Agreement to the contrary, Bank’s obligation to maintain the Depositor Accounts as provided in this Agreement shall not terminate until any necessary approvals have been obtained. As part of the Transfer, Bank shall, to the extent permitted or considered necessary or appropriate, transfer any BINs, routing numbers and other related identifiers used in connection with the Depositor Accounts, and deliver any and all applicable information, account opening contracts and the like. The Parties shall cooperate with each other on the issuance of necessary notices to Depositors and on all other matters necessary or appropriate to a legal and efficient Transfer. Bank shall use best efforts to assist with the Transfer. Until the Transfer is complete, Bank shall continue to provide all services under this Agreement if requested to do so by BMT, unless otherwise directed by a Regulatory Authority.
Transfer of Deposits. Seller sell deliver any original letters of credit and such other instruments required under the provisions of Section 10.2 of this Agreement, and Purchaser and Seller will cooperate after Closing to transfer from Seller to Purchaser any letters of credit under any Leases.
Transfer of DepositsPrior to the Closing, Seller shall not (a) cause or otherwise allow the Branches to transfer to Seller’s other operations any Deposits other than Deposits securing any loans that are Excluded Assets, except in the Ordinary Course of Business at the unsolicited request of depositors, or (ii) cause or otherwise allow any of Seller’s other operations to transfer to the Branches any Deposits, except in the Ordinary Course of Business at the unsolicited request of depositors and except for deposits of customers who are obligated on Loans originated at Retained Florida Branches which are mutually acceptable as Loans to be sold hereunder to Purchaser. Loans that are Excluded Assets shall be transferred effective not later than Closing to Seller’s other operations.