Deposit Liabilities definition

Deposit Liabilities means all of Sellers duties, obligations and liabilities relating to the deposit accounts assigned to the Banking Centers as of the Effective Time (including accrued but unpaid or uncredited interest thereon).

Deposit Liabilities mean, with respect to any Lessee Deposit transferred to Assignee pursuant to this Agreement, all liabilities, obligations and duties owed by Assignor or any Owner Trustee to a Lessee or any assignee of or successor to such Lessee relating to, based on or arising out of such Lessee Deposit, whether known or unknown, contingent or absolute, or arising before, on or after the Effective Time applicable to such Lessee Deposit.

Deposit Liabilities means all of Seller's duties, obligations and liabilities relating to the deposit accounts (except as set forth in Section 1.3(b)) located at the Banking Centers as of the Effective Time (including accrued but unpaid or uncredited interest thereon). A projected list of the Deposit Liabilities is attached hereto as Schedule 1.3(a), which shall be updated as soon as practicable after Closing.

Examples of Deposit Liabilities in a sentence

• All Deposit Liabilities are fully insured to the applicable limits of deposit insurance by the FDIC and all premiums and assessments required to be paid as of the date hereof in connection therewith have been paid by Seller.

• If any Customer who has a Deposit Liability account draws checks, drafts, or negotiable orders of withdrawal against the Deposit Liabilities which are presented or delivered to Seller not later than 90 days after the Closing Date, Seller shall use its commercially reasonable efforts to batch all such checks, drafts, negotiable orders of withdrawal, or other withdrawal order forms and to deliver the same to Purchaser at Purchaser’s sole expense.

• The Deposit Liabilities were opened, extended or made, and have been maintained, in all material respects in accordance with all applicable federal and state laws, regulations, rules and orders.

• The Deposit Liabilities (a) are in all respects genuine and enforceable obligations of Seller, and (b) except as set forth in Schedule 6.11 were acquired in the ordinary course of Seller’s business.

• Seller has delivered to Purchaser a true and correct copy of the current account forms for each of the types of Deposit Liabilities offered by Seller out of the Branches.

More Definitions of Deposit Liabilities

Deposit Liabilities shall have the meaning set forth in Section 2.3(a).

Deposit Liabilities is defined herein as all of SELLER's obligations, duties and liabilities of every type and character relating to all deposit accounts which, as reflected on the books of SELLER as of the close of business on the Closing Date, are attributable to the Offices, other than (i) XXXXX accounts and (ii) deposit accounts securing any loan of SELLER which is not an Office Loan, for which BUYER assumes no liability. The deposit accounts referred to in the immediately preceding sentence (herein the "Deposit Accounts") include, without limitation, statement savings, checking, Money Market, and NOW accounts, Individual Retirement Accounts ("IRA's") and certificates of deposit for which SELLER has not received, on or before the Closing Date, the written advice from the account holder of such account holder's objection or failure to accept BUYER as successor custodian. The "obligations, duties and liabilities" referred to in the immediately preceding sentence include, without limitation, the obligation to pay and otherwise process all Deposit Accounts in accordance with applicable law and their respective contractual terms and the duty to supply all applicable reporting forms for periods following the Closing Date, and to be filed or reported after the Closing Date including, without limitation, IRS Form 1099 reports relating to the Deposit Accounts relating to interest accrued after the Closing Date. With regard to each XXX included within the Deposit Accounts, BUYER shall also assume the appropriate plan pertaining thereto and the trustee or custodial arrangement in connection therewith.

Deposit Liabilities means those liabilities of a bank represented by deposits held by that bank;

Deposit Liabilities means time or savings deposits or demand deposits, accepted from Eligible Residents at of- fices of the Applicant, or a Subsidiary of the Applicant, located within the Distressed Community. Depository Li- abilities may only include deposits held by individuals in transaction ac- counts (i.e., demand deposits, NOW ac- counts, automated transfer service ac- counts and telephone or preauthorized transfer accounts) or non-transaction accounts (i.e., money market deposit accounts, other savings deposits and all time deposits), as defined by the Ap- propriate Federal Banking Agency;

Deposit Liabilities or "Deposit Liability" shall mean 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 Liabilities means all those liabilities of a commercial bank being –

Deposit Liabilities. The fair value of demand deposits, savings accounts and money market deposits is the amount payable on demand at the reporting date. The fair value of fixed maturity certificates of deposit is estimated by discounting the future cash flows using the rates currently offered for deposits of similar original maturities.