Common use of Transit Items Clause in Contracts

Transit Items. After the Closing, each party hereto shall use its commercially reasonable efforts to assist the other party in the adjustment and delivery of all overages and shortages of documentary and cash items in transit and items in collection as of the Closing Date, as the interest in such items of the respective parties hereto may appear.

Appears in 3 contracts

Samples: Agreement to Assume Liabilities and to Acquire Assets of Branch Banking Offices (First Pactrust Bancorp Inc), Agreement to Assume Liabilities and to Acquire Assets (United Pan Am Financial Corp), Agreement to Assume Liabilities and to Acquire Assets (MNB Holdings Corp)

AutoNDA by SimpleDocs

Transit Items. After the Closing, each party hereto shall generally use its commercially reasonable best efforts to assist the other party in the adjustment and delivery of all overages and shortages of documentary and cash items in transit and transit, items in collection collection, and any ACH, POS, wire transfers and ATM transactions ("Transit Items") as of the Closing Date, as the interest in such items Transit Items of the respective parties hereto may appear.

Appears in 1 contract

Samples: Agreement to Assume Liabilities and Acquire Assets (Vib Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!