Branch Loans definition
Examples of Branch Loans in a sentence
Seller agrees to prepare at its expense and deliver to Purchaser magnetic media records in a format consistent with BISYS file not later than 20 days prior to the Closing Date, and further shall deliver to Purchaser such records updated on the Closing Date, which records shall contain the information related to the Branch Loans and Deposits assumed above.
Seller has provided Purchaser with a list of all Branch Loans and Purchaser has marked on such list all Branch Loans which Purchaser desires to exclude from the purchase on the Effective Date.
CONDUCT OF THE PARTIES PRIOR TO CLOSING 12 3.01 Covenants of Seller 12 3.02 Covenants of Purchaser 15 3.03 Covenants of Both Parties 16 3.04 Review and Update of Branch Loans 16 3.05 Review and Selection of Residential Loans 17 4.
Furthermore, within ten (10) business days after the Closing, the parties shall make appropriate post-Closing adjustments, consistent with the provisions of Section 1.04 hereof, based upon actual Deposit Accounts as of the Closing Date, Branch Loans as of the Closing Date, and cash transactions which took place on the Closing Date or which took place prior to the Closing Date but which were not reflected in the preliminary closing statement, and shall execute the final settlement statement.
Commencing upon the execution of this Agreement and continuing until the Closing Date, Purchaser will be provided an opportunity to review and examine all of the Branch Loans and all Loan Files relating thereto, which review and examination by Purchaser shall be coordinated between Seller and Purchaser so as not to interfere unnecessarily with the normal operations of the Branches or Seller.
Buyer agrees to purchase Loans (Branch Loans and Secondary Loans) in an aggregate amount equal to at least 90% of the Deposits assumed by Buyer.
If any such New Branch Loan is made, Purchaser may, at its option and in its sole discretion, by notice to Seller prior to the Closing Date, accept any such New Branch Loans to be included as a Branch Loan in the Acquired Loans.
Buyer agrees to service all of the Branch Loans acquired by Buyer in accordance with prudent banking practices and standards.
Attached as Schedule F is a true and accurate schedule of all Branch Loans, including the REIT Loans, any letters of credit and loan commitments attributable to the Branches with accrued and unpaid interest thereon, computed as of May 31, 2003, which schedule shall identify the loan number, date, borrower name, loan amount, interest rate, loan balance, social security or employer identification number of the borrower and type of loan.
At the Closing, Seller shall deliver to Purchaser an updated Exhibit 2.02(d) containing an updated list of the Branch Loans, excluding any Excluded Loans under Section 3.04(a) and including any New Branch Loans accepted by Purchaser pursuant to Section 3.04(b).