Deposit Liability means deposit liabilities with respect to accounts, which are booked by Seller at the Branches as of the date hereof, and deposit liabilities with respect to the accounts listed on Schedule 1.1(e) attached hereto, in each case as of the close of business on the Closing Date, which are defined as deposits in the Federal Deposit Insurance Act, 12 U.S.C. 1813, including in each case collected and uncollected deposits plus Accrued Interest, except that Deposit Liabilities shall not include the Excluded Deposits.
Deposit Liability means Seller’s obligations and liabilities relating to Seller’s deposit accounts at the Branches that are listed on Schedule 2(a)(1) and that are opened on behalf of a customer between the date of this Agreement and the close of business on the Closing Date that are added to Schedule 2(a)(1), together with Accrued Interest thereon, all as exists at the close of business on the Closing Date.
Deposit Liability means Seller’s obligations and liabilities relating to (a) Seller’s deposit accounts at the Branches which are listed on Schedule 8, and (b) Seller’s deposit accounts at the Branches which are opened on behalf of a customer between the date of this Agreement and the close of business on the Closing Date which are added to Schedule 8, in the case of each of clauses (a) and (b), together with Accrued Interest thereon, all as exists at the close of business on the Closing Date, but, in the case of each of clause (a) and (b), excluding the (1) Excluded Deposits, (2) any claim or other liability relating to the origination or administration of any deposit account prior to the close of business on the Closing Date and (3) obligations and liabilities relating to deposit accounts owned or maintained by Affiliates of Seller. Notwithstanding the above, Deposit Liabilities shall not include any deposits used as collateral for an Excepted Loan.
Examples of Deposit Liability in a sentence
Certain Liabilities Assumed 43 2.1(a) Excluded Deposit Liability Accounts 44 3.1 Certain Assets Purchased 45 3.2 Purchase Price of Assets or Assets 46 3.5(l) Excluded Securities 48 4.15A Single Family Loss Share Loans.
Gifts etc., Period of Contract, Summary Termination, Security Deposit, Liability of Contractor or losses etc.
Purchaser shall, no later than five (5) days prior to the Conversion Date, furnish ATM/debit cards to Customers who have Deposit Liability accounts to replace Sellers’ ATM/debit cards.
Sellers shall deactivate all ATM/debit cards issued with respect to all Deposit Liability accounts and electronically block access of those cards to the Deposit Liability accounts effective as of the close of business on the Conversion Date.
Any amounts required by any Governmental Authority to be withheld from any of the Deposit Liability accounts through the close of business on the Closing Date will be withheld by Seller in accordance with applicable law or appropriate notice from any Governmental Authority and will be remitted by Seller to the appropriate agency on or prior to the applicable due date.
More Definitions of Deposit Liability
Deposit Liability means collectively the Consumer Deposit Liabilities and the Small Business Bank Deposit Liabilities, but shall exclude the Excluded XXX/Xxxxx/Employee Pension Plan Deposits and the Excluded Deposits.
Deposit Liability means all of Seller’s obligations and liabilities relating to (a) Seller’s deposit accounts, which are listed on Schedule 1.1(iv) hereto, and (b) deposit accounts which are opened on behalf of a customer between the date indicated on Schedule 1.1(iv) and the close of business on the Closing Date, in the case of each of clauses (a) and (b), together with Accrued Interest thereon, all as exists at the close of business on the Closing Date, but excluding any claim or other liability of any kind, including without limitation, relating to the origination of any such deposit account or the administration of any such deposit account arising or occurring or originating prior to the close of business on the Closing Date.
Deposit Liability means liability in respect of a deposit (as so construed), including where appropriate, a sum due as a debt to the Authority by virtue of subsection (4) of section 62, and “depositor” and related expressions shall be construed accordingly;
Deposit Liability means the Consumer Deposit Liabilities and the Small Business Bank Deposit Liabilities, but shall exclude the Excluded XXX/Xxxxx/Employee Pension Plan Deposits and the Excluded Deposits.
Deposit Liability means all of Seller’s obligations and liabilities relating to (a) the deposit accounts listed on Schedule 5.12 hereto, and (b) deposit accounts which are opened on behalf of a customer by Bank Employees between the date indicated on Schedule 5.12 and the close of business on the Closing Date, including, without limitation, all passbook accounts, statement savings accounts, checking, Money Market and NOW accounts and certificates of deposit, together with Accrued Interest thereon, all as exists at the close of business on the Closing Date, but excluding any claim or other liability relating to the origination of any such deposit account or the administration of any such deposit account prior to the close of business on the Closing Date.
Deposit Liability means Seller’s obligations and liabilities (including all CDARS) relating to (a) Seller’s deposit accounts at the Branches which are listed on Schedule 2(a)(1), and (b) Seller’s deposit accounts at the Branches which are opened on behalf of a customer between the date of this Agreement and the close of business on the Closing Date which are added to Schedule 2(a)(1), in the case of each of clauses (a) and (b), collected and uncollected deposits and together with Accrued Interest thereon, all as exists at the close of business on the Closing Date, but, in the case of each of clause (a) and (b), excluding any (1) Excluded Deposits, (2) any claim or other liability relating to the origination or administration of any deposit account prior to the close of business on the Closing Date and (3) obligations and liabilities relating to deposit accounts owned or maintained by Affiliates of Seller.
Deposit Liability means all of Seller’s liabilities and obligations relating to or arising out of all of the deposit accounts assigned to a Branch as of the close of business on the Closing Date, including, without limitation, all passbook accounts, statement savings accounts, checking, money market and NOW accounts, certificates of deposit and XXX, Xxxxx Plan and Employee Pension Plan accounts, and all Accrued Interest thereon. Deposit Liabilities shall include accounts subject to sweep, repurchase or similar arrangements. Deposit Liabilities shall exclude (a) all Deposit Liabilities that are Excluded XXX/Xxxxx/Employee Pension Plan Deposits, (b) all Government Deposit Liabilities, (c) such liabilities, duties, responsibilities and obligations related to such accounts held by any Person with sales or revenue in any fiscal year of such Person of twenty-five million dollars (US$25,000,000) or more as reported by such Person or any credible third-party source, (d) Regional Banking Customers of Seller that have loans which are not acquired by Purchaser, and (e) liabilities and obligations relating to or arising out of all of the deposit accounts assigned to the Surviving Branches, if any.