XXX and Xxxxx Accounts. These accounts are governed by separate contracts and by the rules in this agreement for the type of IRA or XXXXX savings account opened.
XXX and Xxxxx Accounts. Seller shall make available to Purchaser on or before the Closing Date, Seller’s documents for each XXX Account or Xxxxx Account which is included in the Deposits and purchased Excluded Deposits, if any; provided that Seller shall retain copies of the records necessary for Seller to prepare and file reports with government agencies for periods prior to the Closing Date. Purchaser will prepare and file all reports to government authorities required to be filed for the period commencing on the Closing Date. Purchaser agrees to indemnify Seller (without regard to any Floor Amount or Ceiling Amount) for any liability incurred by Seller for any inconsistency of such reports with the Records provided by Seller so long as Seller’s records are accurate. Seller will prepare and file all reports to government authorities required to be filed for prior periods and shall indemnify Purchaser (without regard to any Floor Amount or Ceiling Amount) for any liability associated therewith.
XXX and Xxxxx Accounts. 28 6.11 ATM/DEBIT CARDS........................................................... 28 6.12 DATA PROCESSING CONVERSION OF DEPOSITS AND HANDLING OF CERTAIN ITEMS...... 29
XXX and Xxxxx Accounts. Seller shall make available to Purchaser on or before the Closing Date, Seller's documents for each XXX or Xxxxx Account which is included in the Deposits; provided that Seller shall retain such amount of the records necessary for Seller to prepare and file reports with government agencies for periods prior to the Closing Date. Purchaser will prepare and file all reports to government authorities required to be filed for the period commencing on the Closing Date. Purchaser agrees to indemnify Seller (without regard to any Floor Amount or Ceiling Amount) for any liability incurred by Seller for any inconsistency of such reports with the Records provided by Seller so long as Seller's records are accurate in all relevant respects. Seller will prepare and file all reports to government authorities required to be filed for prior periods and shall indemnify Purchaser for any liability associated therewith.
XXX and Xxxxx Accounts. 29 6.11 ATM Cards .......................................................29 6.12 Leasing of Furniture, Fixtures and Equipment ....................30 6.13 Data Processing Conversion of Deposits and Handling of Certain Items.....................................30 6.14
XXX and Xxxxx Accounts. Seller shall deliver to Purchaser at Seller's offices in Minneapolis, Minnesota on the Closing Date, Seller's documents for each XXX or Xxxxx Account which is included in the Deposits; provided that Seller shall retain such amount of the records necessary for Seller to prepare and file reports with government agencies for periods prior to the Closing Date. Purchaser will prepare and file all reports to government authorities required to be filed for the period commencing on the Closing Date. Purchaser agrees to indemnify Seller for any liability incurred by Seller for any inconsistency of such reports with the Records provided by Seller. Seller will prepare and file all reports to government authorities required to be filed for prior periods and shall indemnify Purchaser for any liability associated therewith.
XXX and Xxxxx Accounts. Seller, in its capacity as trustee of any Assumed Deposits which are XXX or Xxxxx deposits, shall to the extent legally permissible resign as trustee of such XXX and Xxxxx deposits and Seller shall appoint Buyer as successor trustee or custodian effective as of the Effective Date and Buyer shall accept such appointment.
XXX and Xxxxx Accounts. On or before the Closing Date, Seller shall (i) resign as of the close of business on the Closing Date as the trustee or custodian, as applicable, of each XXX and Xxxxx Account of which it is the trustee or custodian, (ii) to the extent permitted by the documentation governing each such XXX and Xxxxx Account and applicable law, appoint Purchaser as successor trustee or custodian, as applicable, of each such XXX and Xxxxx Account, and Purchaser hereby accepts each such trusteeship or custodianship under the terms and conditions of Purchaser's plan documents for its XXX and Xxxxx Accounts , and assumes all fiduciary and custodial obligations with respect thereto as of the close of business on the Closing Date, and (iii) deliver to the XXX grantor or Xxxxx Account named fiduciary of each such XXX or Xxxxx Account such notice of the foregoing as is required by the documentation governing each such XXX or Xxxxx Account or applicable law. Purchaser shall be solely responsible for delivering its XXX and Xxxxx Account documents to the applicable XXX grantor and Xxxxx Account named fiduciary, including but not limited to a beneficiary designation form to be completed by the applicable XXX grantor or Xxxxx Account participant; provided, however, that in the event that an XXX grantor or Xxxxx Account or ------------------ participant dies before such time as Purchaser receives a properly completed beneficiary designation form, Seller shall make available to Purchaser such information as may exist in Seller files regarding any beneficiary designation it may have regarding such decedent. If, pursuant to the terms of the documentation governing any such XXX or Xxxxx Account or applicable law, the Seller is not permitted to appoint Purchaser as successor trustee or custodian, or the XXX grantor or Xxxxx Account named fiduciary objects in writing to such designation, or is entitled to, and does, in fact, name a successor trustee or custodian other than Purchaser and the assumption of such deposit liabilities included in such XXX or Xxxxx Account would result in a loss of qualification of such XXX or Xxxxx Account under the Code or applicable IRS regulations, all deposit liabilities of such Seller held under such XXX or Xxxxx Account shall be excluded from the Deposit Liabilities. Upon appointment as a successor custodian for such XXX Deposit Liabilities or as a successor trustee for such IRAs or Xxxxx Accounts, Purchaser shall perform the services and carry out the duties...
XXX and Xxxxx Accounts. Seller will deliver to Purchaser on the Closing Date Seller's documents for each XXX or Xxxxx Account which is included in the Assumed Deposits. Seller will prepare and file all reports to government authorities required to be filed for the period ending on the Business Day preceding the Closing Date and all prior periods. Purchaser will be responsible for all such reporting for periods commencing on the Closing Date.
