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 Higher One, Bank shall 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, 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 Higher One, 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 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. (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.
Transfer of Deposits. Seller 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. The 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.
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 Deposits. Prior 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.
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 Deposits. Home 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.
