Branch Sale definition

Branch Sale means the sale of certain assets and transfer of certain liabilities attributable to the Target Branches by Seller to Buyer and the assumption by Buyer of certain liabilities pursuant to the terms and conditions of this Agreement.
View Source
Branch Sale means the sale by the Bank of certain of its assets to TrustBank, all as described in Section 2.9.
View Source

Examples of Branch Sale in a sentence

  • Approved third party bills and out-of-pocket expenses arising out of services incurred prior to the date hereof but which were in connection with consummation of the Branch Sale shall be reimbursed hereunder.

  • The Branch Sale shall be accomplished pursuant to the Branch Sale Agreement which shall contain such terms and conditions as are ordinary and customary for branch sales and shall otherwise be in a form reasonably acceptable to Acquiror and the Bank.

  • Except as otherwise provided herein, the closing date (hereinafter referred to as the "Effective Date") shall be the first day upon which (i) all regulatory approvals for the Branch Sale have been obtained and all regulatory waiting periods have expired, so that the Branch Sale may be legally consummated in accordance with the terms of this Agreement, and (ii) consummation of the Merger shall have occurred; or such other date as may be mutually agreed to by the Constituent Entities.

  • UnionFed and Union Federal agree that in satisfaction of its obligations to Executive under the Agreement to provide such benefits through June 30, 1997, it shall cause the entire balance of the assets held in trust for the benefit of Executive with ▇▇▇▇▇▇▇▇▇ Trust Company to be delivered to Executive concurrent with the closing of the Branch Sale (estimated to be approximately $899,000), with UnionFed and Union Federal to have funded the trust through June 30, 1995.

  • In the event that the Branch Sale does not occur, the Agreement shall remain in full force and effect without change.

  • Acquiror, AB&T and the Bank agree to take such steps as may be necessary to obtain all requisite regulatory, corporate and other approvals to effect the Branch Sale and the relocation of the Bank’s main office from its current Tempe location to the Bank’s office located at Camelback Road, Phoenix, Arizona (the “Office Relocation”), subject to the consummation of, and to be effective immediately after the Merger or as soon as practicable thereafter.

  • The information contained in the Branch Sale Offering Memorandum provided to Buyer is true and correct in all material respects.

  • This Agreement, which is part of that certain ---------------- Stock Transfer and Branch Sale Agreement dated May ___, 2000, embodies the entire agreement and understanding between the parties hereto and supersedes all prior agreements and understandings relating to the subject matter of this Agreement.

  • Buyer shall pursue all such applications, filings, registrations and notifications diligently and in good faith and shall file such supplements, amendments and additional information in connection therewith as may be reasonably necessary for the Branch Sale to be consummated at the Closing and for Buyer to operate the Target Branches following the Closing.

  • Subject to any specific provisions of this Agreement, it is the intent of the parties to this Agreement that none of Acquiror, AB&T, TrustBank or the Bank by reason of this Agreement shall be deemed (until consummation of the Merger and the Branch Sale) to control, directly or indirectly, any other party and shall not exercise, or be deemed to exercise, directly or indirectly, a controlling influence over the management or policies of any such other party.