Common use of XXX Deposits Clause in Contracts

XXX Deposits. With respect to Deposits that are individual retirement accounts created by a trust for the exclusive benefit of an individual or his or her beneficiaries in accordance with the provisions of Section 408 of the IRC ("XXX Deposits"), Seller will appoint Buyer as successor custodian of all such XXX Deposits, including but not limited to, sending to the depositors thereof appropriate notices, and filing any appropriate applications with applicable regulatory authorities, with copies of such notices and applications being furnished to Buyer. Effective as of the Closing Date, Buyer will accept appointment as custodian with respect to such XXX Deposits and will perform all of the duties so transferred and comply with the terms of Seller's agreement with the depositor of the XXX Deposits affected thereby.

XXX Deposits. With respect to Deposits that are individual retirement accounts created by a trust for the exclusive benefit of an individual or his or her beneficiaries in accordance with the provisions of Section 408 of the IRC ("XXX Deposits")) as to which Seller is the custodian or trustee, Seller will appoint Buyer Purchaser as successor custodian of all such XXX Deposits, including but not limited to, sending Deposits pursuant to the depositors thereof appropriate notices, a form of appointment acceptable to Seller and filing any appropriate applications with applicable regulatory authorities, with copies of such notices and applications being furnished to BuyerPurchaser. Effective as of the Closing Date, Buyer Purchaser will accept appointment as custodian with respect to such XXX Deposits and will perform all of the duties so transferred and comply with the terms of Seller's agreement with the depositor of the XXX Deposits affected thereby. The form of Seller's agreement for XXX Deposits is attached as SCHEDULE 2.6.

XXX Deposits. With respect to Deposits that are individual ------------ retirement accounts created by a trust for the exclusive benefit of an individual or his or her beneficiaries in accordance with the provisions of Section 408 of the IRC ("XXX Deposits"), Seller will appoint Buyer as successor custodian of all such XXX Deposits, including but not limited to, sending to the depositors thereof appropriate notices, and filing any appropriate applications with applicable regulatory authorities, with copies of such notices and applications being furnished to Buyer. Effective as of the Closing Date, Buyer will accept appointment as custodian with respect to such XXX Deposits and will perform all of the duties so transferred and comply with the terms of Seller's agreement with the depositor of the XXX Deposits affected thereby.

XXX Deposits. With respect to Deposits that are individual retirement accounts created by a trust for the exclusive benefit of an individual or his or her beneficiaries in accordance with the provisions of Section section 408 of the IRC Code ("XXX Deposits"), effective as of the Closing Date, Seller will resign as custodian and Seller will appoint Buyer as successor custodian of all such XXX Deposits, including but not limited to, sending to the depositors thereof appropriate notices, and filing any appropriate applications with applicable regulatory authorities, with copies of such notices and applications being furnished to Buyer. At the Effective as of the Closing DateTime, Buyer will accept appointment as custodian with respect to such XXX Deposits and will perform all of the duties so transferred and comply with the terms of Seller's agreement with the depositor of the XXX Deposits affected thereby.