Common use of Safe Deposit Box and Safekeeping Business Clause in Contracts

Safe Deposit Box and Safekeeping Business. From and after the Effective Time, Buyer agrees to assume and discharge, in the usual course of banking business, the duties and obligations of Seller with respect to all safe deposit boxes located in the Branches, and to maintain all necessary facilities for the use of such boxes by the renters thereof during the period for which such persons have paid rent therefor in advance to Seller, subject to the provisions of the rental agreements between Seller and the respective renters of such boxes. From and after the Closing, Buyer shall assume, honor, and discharge the duties and obligations of Seller with respect to all safekeeping items obtained from Seller and shall be entitled to any right or benefit thereafter. At the Closing, Seller shall provide Buyer with a true and correct list of all Safe Deposit Contracts with respect to the Branches in effect as of the Closing Date, together with the rentals or other amounts paid on such Safe Deposit Contracts and the expiration dates of such Safe Deposit Contracts.

Safe Deposit Box and Safekeeping Business. From and after the Effective Time, the Buyer agrees to assume and discharge, in the usual course of banking business, the duties and obligations of the Seller with respect to all safe deposit boxes located in the BranchesBranch, and to maintain all necessary facilities for the use of such boxes by the renters thereof during the period for which such persons have paid rent therefor therefore in advance to the Seller, subject to the provisions of the rental agreements between the Seller and the respective renters of such boxes. From and after the Closing, the Buyer shall assume, honor, and discharge the duties and obligations of the Seller with respect to all safekeeping items obtained from the Seller and shall be entitled to any right or benefit thereafter. At the Closing, the Seller shall provide the Buyer with a true and correct list of all Safe Deposit Contracts with respect to the Branches Branch in effect as of the Closing Date, together with a list of the rentals or other amounts paid on such Safe Deposit Contracts and the expiration dates of such Safe Deposit Contracts.