Branch Loans definition

Branch Loans means Loans originated through Regional’s branches and Loans originated through a centralized branch, which in each case, will include Electronic Loans.

Branch Loans shall have the meaning set forth in Section 2.4(a).

Branch Loans has the meaning assigned to such term in Section 2.02(d) hereof.

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.

• 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.

• Seller will provide information to Purchaser with respect to all other New Branch Loans in the ordinary course of due diligence with respect to the Acquisition.

• Buyer agrees to service all of the Branch Loans acquired by Buyer in accordance with prudent banking practices and standards.

• With respect to loans attributable to the Branches that are proposed to be made by Seller after the date hereof and prior to the Closing (“New Branch Loans”), Seller will only make New Branch Loans that are consistent with Seller’s historical underwriting practices.

• 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.

• Seller agrees to prepare at its expense and deliver to Purchaser magnetic media records in a format consistent with BISYS file not later than 10 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.

• Within fourteen (14) days following the execution of this Agreement, the Buyer shall by written notice to the Seller identify each of the Branch Loans, if any, that Buyer, for whatever reason, declines to purchase from Seller pursuant to this Agreement.

• The Deposit Account Loans, Other Loans, and Overdraft Loans sold and assigned to Buyer hereunder will be listed in Schedule F which will be updated as of the Closing Date (hereinafter referred to individually and collectively as the "Branch Loans").

• Further, Buyer, at its sole cost and expense, shall prepare and shall file, or shall cause to be prepared and filed, with any appropriate third parties, any and all documents and notices which are necessary and proper to transfer to Buyer any security interests and other rights of Seller in and to collateral securing the Branch Loans being transferred hereunder.

More Definitions of Branch Loans

Branch Loans means, as of any date, the Loans reflected on the books and records of the Seller originated at or allocated to any of the Branches, excluding any of the Loans that Buyer elects not to purchase pursuant to Section 2.2 hereof. "Business Day" means any day other than a Saturday, a Sunday or a day observed as a bank holiday by the Federal Reserve Bank of Dallas.

Branch Loans means, collectively, (i) the loans booked to the Cambridge Office and listed on Schedule 1.02(c) (exclusive of any reserves for loan losses) and all obligations of Seller to make additional extensions of credit in connection with such loans, as such loans may be increased, decreased, amended, renewed or extended in the ordinary course of business until the close of business on the Effective Date, and (ii) loans made in the ordinary course of business at the Cambridge Office until the close of business on the Effective Date (exclusive of any reserves for loan losses) and all obligations of Seller to make additional extensions of credit in connection with such loans, as such loans may be increased, decreased, amended, renewed or extended in the ordinary course of business before the close of business on the Effective Date. Schedule 1.02(c) shall initially be prepared as of a date within thirty (30) calendar days prior to the date of this Agreement and shall be delivered on or before the date of this Agreement. Such schedule shall be updated to reflect the outstanding balances of the Transferred Loans, loans added to the Transferred Loans pursuant to Section 1.02(c), Transferred Loans that are paid off and such other information as Purchaser may reasonably request as of the close of business on the date of this Agreement, on a monthly basis thereafter until Closing, and as of the close of business on the Estimation Date and the close of business on the Effective Date. Seller will deliver such updated schedules to Purchaser at those dates and times identified in Section 1.08(d) and 1.10(a)(ii), as applicable and as promptly as practicable with respect to the Schedules to be delivered as of other dates.

Branch Loans means, as of any date, the Loans reflected on the books ------------ and records of the Seller originated at or allocated to the Branch.