Common use of Unclaimed Deposits Clause in Contracts

Unclaimed Deposits. If, within eighteen (18) months after the Bank Closing Date, any depositor of the Failed Bank does not claim or arrange to continue such depositor’s Assumed Deposits at the Assuming Institution, the Assuming Institution shall, within fifteen (15) Business Days after the end of such eighteen (18) month period, (i) refund to the Receiver the full amount of each such Deposit (without reduction for service charges), (ii) provide to the Receiver a schedule of all such refunded Deposits in such form as may be prescribed by the Receiver, and (iii) assign, transfer, convey, and deliver to the Receiver, all right, title and interest of the Assuming Institution in and to the Records previously transferred to the Assuming Institution and other records generated or maintained by the Assuming Institution pertaining to such Deposits. During such eighteen (18) month period, at the request of the Receiver, the Assuming Institution promptly shall provide to the Receiver schedules of unclaimed Deposits in such form as may be prescribed by the Receiver.

Appears in 51 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement (FCB Financial Holdings, Inc.), Purchase and Assumption Agreement (FCB Financial Holdings, Inc.)

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Unclaimed Deposits. If, within eighteen (18) months after the Bank Closing Date, any depositor of the Failed Bank does not claim or arrange to continue such depositor’s Assumed Deposits at the Assuming Institution, the Assuming Institution shall, within fifteen (15) Business Days after the end of such eighteen (18) month period, (i) refund to the Receiver the full amount of each such Deposit (without reduction for service charges), (ii) provide to the Receiver a schedule of all such refunded Deposits in such form as may be prescribed by the Receiver, and (iii) assign, transfer, convey, and deliver to the Receiver, all right, title and interest of the Assuming Institution in and to the Failed Bank Records previously transferred to the Assuming Institution and other records generated or maintained by the Assuming Institution pertaining to such Deposits. During such eighteen (18) month period, at the request of the Receiver, the Assuming Institution promptly shall provide to the Receiver schedules of unclaimed Deposits in such form as may be prescribed by the Receiver.

Appears in 16 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement Whole Bank

Unclaimed Deposits. If, within eighteen (18) months after the Bank Closing Date, any depositor of the Failed Bank does not claim or arrange to continue such depositor’s Assumed Deposits 's Deposit assumed pursuant to Section 2.1 at the Assuming InstitutionBank, the Assuming Institution Bank shall, within fifteen (15) Business Days after the end of such eighteen (18) month 18)-month period, (i) refund to the Receiver Corporation the full amount of each such Deposit (without reduction for service charges), (ii) provide to the Receiver Corporation a schedule of all such refunded Deposits in such form as may be prescribed by the ReceiverCorporation, and (iii) assign, transfer, convey, convey and deliver to the Receiver, Receiver all right, title and interest of the Assuming Institution Bank in and to the Records previously transferred to the Assuming Institution Bank and other records generated or maintained by the Assuming Institution Bank pertaining to such Deposits. During such eighteen (18) month 18)-month period, at the request of the ReceiverCorporation, the Assuming Institution Bank promptly shall provide to the Receiver Corporation schedules of unclaimed Deposits deposits in such form as may be prescribed by the ReceiverCorporation.

Appears in 15 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement, Purchase and Assumption Agreement

Unclaimed Deposits. If, within eighteen (18) months after the Bank Closing DateClosing, any depositor of the Failed Bank does not claim or arrange to continue such depositor’s Assumed Deposits Deposit assumed pursuant to Section 2.1 at the Assuming InstitutionBank, the Assuming Institution Bank shall, within fifteen (15) Business Days after the end of such eighteen (18) month 18)-month period, (i) refund to the Receiver Corporation the full amount of each such Deposit (without reduction for service charges), (ii) provide to the Receiver Corporation a schedule of all such refunded Deposits in such form as may be prescribed by the ReceiverCorporation, and (iii) assign, transfer, convey, convey and deliver to the Receiver, Receiver all right, title and interest of the Assuming Institution Bank in and to the Records previously transferred to the Assuming Institution Bank and other records generated or maintained by the Assuming Institution Bank pertaining to such Deposits. During such eighteen (18) month 18)-month period, at the request of the ReceiverCorporation, the Assuming Institution Bank promptly shall provide to the Receiver Corporation schedules of unclaimed Deposits deposits in such form as may be prescribed by the ReceiverCorporation.

Appears in 6 contracts

Samples: Purchase and Assumption Agreement (Midland States Bancorp, Inc.), Purchase and Assumption Agreement (Charter Financial Corp/Ga), Purchase and Assumption Agreement (First Citizens Bancshares Inc /De/)

Unclaimed Deposits. If, within eighteen (18) months after the Bank Closing DateClosing, any depositor of the Failed Bank does not claim or arrange to continue such depositor’s Assumed Deposits 's Deposit assumed pursuant to Section 2.1 at the Assuming InstitutionBank, the Assuming Institution Bank shall, within fifteen (15) Business Days after the end of such eighteen (18) month 18)-month period, (i) refund to the Receiver Corporation the full amount of each such Deposit (without reduction for service charges), (ii) provide to the Receiver Corporation a schedule of all such refunded Deposits in such form as may be prescribed by the ReceiverCorporation, and (iii) assign, transfer, convey, convey and deliver to the Receiver, Receiver all right, title and interest of the Assuming Institution Bank in and to the Records previously transferred to the Assuming Institution Bank and other records generated or maintained by the Assuming Institution Bank pertaining to such Deposits. During such eighteen (18) month 18)-month period, at the request of the ReceiverCorporation, the Assuming Institution Bank promptly shall provide to the Receiver Corporation schedules of unclaimed Deposits deposits in such form as may be prescribed by the ReceiverCorporation.

Appears in 4 contracts

Samples: Purchase and Assumption Agreement (Great Southern Bancorp Inc), Purchase and Assumption Agreement (First Bancorp /Nc/), Purchase and Assumption Agreement (First Financial Holdings Inc /De/)

Unclaimed Deposits. If, within eighteen (18) months after the Bank Closing Date, any depositor of the Failed Bank does not claim or arrange to continue such depositor’s Assumed Deposits at the Assuming Institution, the Assuming Institution shall, within fifteen (15) Business Days after the end of such eighteen (18) month period, (i) refund to the Receiver the full amount of each such Deposit (without reduction for service charges), (ii) provide to the Receiver a schedule of all such refunded Deposits in such form as may be prescribed by the Receiver, and (iii) assign, transfer, convey, and deliver to the Receiver, all right, title and interest of the Assuming Institution in and to the Records previously transferred to the Assuming Institution and other records generated or maintained by the Assuming Institution pertaining to such Deposits. During such eighteen (18) month period, at the request of the Receiver, the Assuming Institution promptly shall provide to the Receiver schedules of unclaimed Deposits in such form as may be prescribed by the Receiver.request

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (First Merchants Corp), Purchase and Assumption Agreement (First Merchants Corp)

Unclaimed Deposits. If, within eighteen (18) months after the Bank Closing Date, any depositor of the Failed Bank does not claim or arrange to continue such depositor’s 's Assumed Deposits at the Assuming Institution, the Assuming Institution shall, within fifteen (15) Business Days after the end of such eighteen (18) month period, (i) refund to the Receiver the full amount of each such Deposit (without reduction for service charges), (ii) provide to the Receiver a schedule of all such refunded Deposits in such form as may be prescribed by the Receiver, and (iii) assign, transfer, convey, and deliver to the Receiver, all right, title and interest of the Assuming Institution in and to the Records previously transferred to the Assuming Institution and other records generated or maintained by the Assuming Institution pertaining to such Deposits. During such eighteen (18) month period, at the request of the Receiver, the Assuming Institution promptly shall provide to the Receiver schedules of unclaimed Deposits in such form as may be prescribed by the Receiver.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Enterprise Financial Services Corp), Purchase and Assumption Agreement (Pacific Premier Bancorp Inc)

Unclaimed Deposits. If, within eighteen (18) months after the Bank Closing Date, any depositor of the Failed Bank does not claim or arrange to continue such depositor’s Assumed Deposits Deposit assumed pursuant to Section 2.1 at the Assuming InstitutionBank, the Assuming Institution Bank shall, within fifteen (15) Business Days after the end of such eighteen (18) month 18)-month period, (i) refund to the Receiver Corporation the full amount of each such Deposit (without reduction for service charges), (ii) provide to the Receiver Corporation a schedule of all such refunded Deposits in such form as may be prescribed by the ReceiverCorporation, and (iii) assign, transfer, convey, convey and deliver to the Receiver, Receiver all right, title and interest of the Assuming Institution Bank in and to the Records previously transferred to the Assuming Institution Bank and other records generated or maintained by the Assuming Institution Bank pertaining to such Deposits. During such eighteen (18) month 18)-month period, at the request of the ReceiverCorporation, the Assuming Institution Bank promptly shall provide to the Receiver Corporation schedules of unclaimed Deposits deposits in such form as may be prescribed by the ReceiverCorporation.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Community Bankers Trust Corp), Purchase and Assumption Agreement (Prosperity Bancshares Inc)

Unclaimed Deposits. If, within eighteen (18) months after the Bank Closing Date, any depositor of the Failed Bank does not claim or arrange to continue such depositor’s Assumed Deposits at the Assuming Institution, the Assuming Institution shall, within fifteen (15) Business Days after the end of such eighteen (18) month period, (i) refund to the Receiver the full amount of each such Deposit (without reduction for service charges), (ii) provide to the Receiver a schedule of all such refunded Deposits in such form as may be prescribed by the Receiver, and (iii) assign, transfer, convey, and deliver to the Receiver, all right, title and interest of the Assuming Institution in and to the Failed Bank Records previously transferred to the Assuming Institution and other records generated or maintained by the Assuming Institution pertaining to such Deposits. During such eighteen (18) month period, at the request of the Receiver, the Assuming Institution promptly shall provide to the Receiver schedules of unclaimed Deposits in such form as may be prescribed by the Receiver. 2.4.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (First NBC Bank Holding Co), Purchase and Assumption Agreement (WashingtonFirst Bankshares, Inc.)

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Unclaimed Deposits. If, within eighteen (18) months after the Bank Closing Date, any depositor of the Failed Bank does not claim or arrange to continue such that depositor’s 's Assumed Deposits at the Assuming Institution, the Assuming Institution shallwill, within fifteen (15) Business Days after the end of such that eighteen (18) month period, (i) refund to the Receiver the full amount of each such Deposit (without reduction for service charges), (ii) provide to the Receiver a schedule of all such refunded Deposits in such the form as may be prescribed by the Receiver, and (iii) assign, transfer, convey, and deliver to the Receiver, all right, title title, and interest of the Assuming Institution in and to the Failed Bank Records previously transferred to the Assuming Institution and other records generated or maintained by the Assuming Institution pertaining to such those Deposits. During such that eighteen (18) month period, at the request of the Receiver, the Assuming Institution will promptly shall provide to the Receiver schedules of unclaimed Deposits in such the form as may be prescribed by the Receiver. 2.5.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (New York Community Bancorp Inc)

Unclaimed Deposits. If1f, within eighteen (18) months after the Bank Closing Date, any depositor of the Failed Bank does not claim or arrange to continue such depositor’s Assumed Deposits Deposit assumed pursuant to Section 2.1 at the Assuming InstitutionBank, the Assuming Institution Bank shall, within fifteen (15) Business Days after the end of such eighteen (18) month 18)-month period, (i) refund to the Receiver Corporation the full amount of each such Deposit (without reduction for service charges), (ii) provide to the Receiver Corporation a schedule of all such refunded Deposits in such form as may be prescribed by the ReceiverCorporation, and (iii) assign, transfer, convey, convey and deliver to the Receiver, Receiver all right, title and interest of the Assuming Institution Bank in and to the Records previously transferred to the Assuming Institution Bank and other records generated or maintained by the Assuming Institution Bank pertaining to such Deposits. During such eighteen (18) month 18)-month period, at the request of the ReceiverCorporation, the Assuming Institution Bank promptly shall provide to the Receiver Corporation schedules of unclaimed Deposits deposits in such form as may be prescribed by the ReceiverCorporation.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First California Financial Group, Inc.)

Unclaimed Deposits. If, within eighteen (18) months after the Bank Closing Date, any depositor of the Failed Bank does not claim or arrange to continue such depositor’s Assumed Deposits 's Deposit assumed pursuant to Section 2.1 at the Assuming InstitutionBank, the Assuming Institution Bank shall, within fifteen (15) Business Days after the end of such eighteen (18) month 18)-month period, (i) refund to the Receiver Corporation the full amount of each such Deposit (without reduction for service charges), (ii) provide to the Receiver Corporation a schedule of all such refunded Deposits in such form as may be prescribed by the ReceiverCorporation, and (iii) assign, transfer, convey, convey and deliver to the Receiver, Receiver all right, title and interest of the Assuming Institution Bank in and to the Records previously transferred to the Assuming Institution Bank and other records generated or maintained by the Assuming Institution Bank pertaining to such Deposits. During such eighteen (18) month 18)-month period, at the request of the ReceiverCorporation, the Assuming Institution Bank promptly shall provide to the Receiver Corporation schedules of unclaimed Deposits deposits in such form as may be prescribed by the ReceiverCorporation.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Usb Holding Co Inc)

Unclaimed Deposits. If, within eighteen (18) months after the Bank Closing Date, any depositor of the Failed Bank does not claim or arrange to continue such that depositor’s 's Assumed Deposits at the Assuming Institution, the Assuming Institution shallwill, within fifteen (15) Business Days after the end of such that eighteen (18) month period, (i) refund to the Receiver the full amount of each such Deposit (without reduction for service charges), (ii) provide to the Receiver a schedule of all such ofall refunded Deposits in such the form as may be prescribed by the Receiver, and (iii) assign, transfer, convey, and deliver to the Receiver, all right, title title, and interest of the Assuming Institution in and to the Failed Bank Records previously transferred to the Assuming Institution and other records generated or maintained by the Assuming Institution pertaining to such those Deposits. During such that eighteen (18) month period, at the request of the Receiver, the Assuming Institution will promptly shall provide to the Receiver schedules of unclaimed Deposits in such the form as may be prescribed by the Receiver.

Appears in 1 contract

Samples: Purchase and Assumption Agreement

Unclaimed Deposits. If, within eighteen (18) months after the Bank Closing Date, any depositor of the Failed Bank does not claim or arrange to continue such that depositor’s Assumed Deposits at the Assuming Institution, the Assuming Institution shallwill, within fifteen (15) Business Days after the end of such that eighteen (18) month period, (i) refund to the Receiver the full amount of each such Deposit (without reduction for service charges), (ii) provide to the Receiver a schedule of all such refunded Deposits in such the form as may be prescribed by the Receiver, and (iii) assign, transfer, convey, and deliver to the Receiver, all right, title title, and interest of the Assuming Institution in and to the Failed Bank Records previously transferred to the Assuming Institution and other records generated or maintained by the Assuming Institution pertaining to such those Deposits. During such that eighteen (18) month period, at the request of the Receiver, the Assuming Institution will promptly shall provide to the Receiver schedules of unclaimed Deposits in such the form as may be prescribed by the Receiver.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Fulton Financial Corp)

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