Assuming Institution Records Retention. The Assuming Institution agrees that it will preserve and maintain for the joint benefit of the Receiver, the Corporation and the Assuming Institution, all Records of which it has custody. The Assuming Institution shall have the primary responsibility to respond to subpoenas, discovery requests, and other similar official inquiries and customer requests for lien releases with respect to the Records of which it has custody. With respect to its obligations under this Section 6.3 regarding Electronically Stored Information, the Assuming Institution will complete the Data Retention Catalog attached hereto as Schedule 6.3 and submit it to the Receiver within thirty (30) days following the Bank Closing Date. With respect to Electronically Stored Information, the Assuming Institution must maintain those Records in an easily accessible and useable format. If such Records are maintained by a third party vendor, the Assuming Institution is responsible for ensuring that the third party complies with this Article.
Appears in 3 contracts
Sources: Purchase and Assumption Agreement (Hilltop Holdings Inc.), Purchase and Assumption Agreement (Community Bank Shares of Indiana Inc), Purchase and Assumption Agreement (Heritage Financial Group Inc)