Uncollected Items. ▇▇▇▇▇▇▇▇▇ agrees, not later than the third (3rd) business day after demand by Seller, to pay Seller an amount equivalent to the amount of any uncollected item included in a depositor’s balance on the Effective Date which is returned after the Effective Date as not collected.
Appears in 2 contracts
Sources: Purchase and Assumption Agreement (Juniata Valley Financial Corp), Purchase and Assumption Agreement (Orrstown Financial Services Inc)
Uncollected Items. ▇▇▇▇▇▇▇▇▇ Buyer agrees, not no later than the third (3rd) business day after demand by Seller, to pay Seller an amount equivalent to the amount of any uncollected item included in a depositor’s balance on the Effective Date which is returned after the Effective Date as not collected.
Appears in 1 contract
Sources: Branch Purchase and Deposit Assumption Agreement (Harleysville National Corp)