Escheat Deposits definition

Escheat Deposits means, as of any date, Deposits and safe deposit box contents, in each case held on such date at the Branches which become subject to escheat, in the calendar year in which the Closing occurs, to any governmental authority pursuant to applicable escheat and unclaimed property laws.
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Escheat Deposits means, as of any date, Deposits and safe deposit box contents, in each case held on such date at the Branches which become subject to escheat, in the calendar year in which the Closing occurs, to the State of California pursuant to applicable escheat and unclaimed property laws.
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Escheat Deposits means Deposits and associated checks which become subject to escheat, prior to the Closing Date, to any Governmental Entity pursuant to applicable unclaimed property laws. “Estimated Payment Amount” shall have the meaning set forth in Section 3.1(b). “Estimated Purchase Price” shall mean the Purchase Price as of the close of business on the date that is eight Business Days prior to the Closing Date. “Estimated Settlement Amount” shall mean, as of the close of business on the date that is eight Business Days prior to the Closing Date, the aggregate amount equal to: (a) the aggregate principal balance of, plus Accrued Interest on, the Deposits; minus
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Examples of Escheat Deposits in a sentence

  • After Closing, Purchaser shall be solely responsible for the proper reporting and transmission to the appropriate governmental entity of Escheat Deposits.

  • As soon as practicable after the Closing Date, Seller will deliver to Purchaser a data processing record identifying all Escheat Deposits that have been transferred to Purchaser.

  • Thereafter, Purchaser shall be solely responsible for the proper reporting and transmission to the State of California of such Escheat Deposits.

  • Purchaser shall be solely responsible for the proper reporting and transmission to the appropriate of such Escheat Deposits.

  • After Closing, Purchaser shall be solely responsible for the proper reporting and transmission to the appropriate governmental authority of Escheat Deposits.

  • Following the Closing, Purchaser shall be solely responsible for properly reporting and transmitting to the applicable Governmental Entity all Escheat Deposits.

  • No deposits that are Escheat Deposits as of the Closing Date are Assumed Deposits.


More Definitions of Escheat Deposits

Escheat Deposits means, as of any date, Deposits and safe deposit box contents, in each case held on such date at the Branches which become subject to escheat, in the calendar year in which the Closing occurs, to any governmental authority pursuant to applicable escheat and unclaimed property laws. “Estimated Payment Amount” means (x) the aggregate balance (including Accrued Interest) of the Deposits assumed by Purchaser pursuant to Section 2.2, minus (y) the Purchase Price, each as set forth on the Draft Closing Statement as reasonably agreed upon prior to the Closing by Seller and Purchaser. “Excluded Assets” has the meaning set forth in Section 2.1(b). “Excluded Branch” has the meaning set forth in Section 3.8. “Excluded Deposits” means (w) those deposit liabilities that are or would be considered “brokered deposits” for purposes of the rules and regulations of the FDIC, any of which, as of the date hereof, are listed on Exhibit 1.1(c)(i), (x) Escheat Deposits, (y) those deposit liabilities (i) related to a financial advisory relationship with Seller’s Xxxxxxx Xxxxx Wealth Management or US Trust divisions, (ii) related to a client managed relationship in Seller’s Business Banking, Middle Market, or Large Corporate divisions
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Escheat Deposits means Deposits and associated checks which become subject to escheat, prior to the Closing Date, to any Governmental Entity pursuant to applicable unclaimed property laws.
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Related to Escheat Deposits

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Disbursements of Loan Proceeds Subsequent to Loan Closing/Origination Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

  • Deposit Date means, with respect to any Collection Period and Payment Date, the Business Day immediately preceding such Payment Date.

  • Deposits means all deposits (as defined in 12 U.S.C. § 1813(l)) that are held by any Seller or any of its Affiliates in connection with the Business, in each case, in the name or for the benefit of any clients or customers under the Appointments solely in their capacity as clients or customers of the Business and including any such deposits received by any Seller from and after the date hereof through the close of business on the Closing Date.

  • Escrow Accounts means any escrow account in which Escrowed Proceeds are deposited and held.