Seller Party definition

Seller Party means Seller, any Affiliates of Seller, any direct or indirect subcontractors of Seller or its Affiliates and any of such subcontractors' Affiliates.

Seller Party shall have the meaning assigned thereto in Section 14.2.

Seller Party has the meaning set forth in the preamble to this Agreement.

Examples of Seller Party in a sentence

• No assumption by Purchaser of any Assumed Liabilities shall relieve or be deemed to relieve any Seller Party from any obligation or liability under this Agreement with respect to any representations or warranties made by any Seller Party to Purchaser.

• Such Seller Party shall be permitted to set off against such amounts all direct costs associated with the retention and maintenance of such Acquired Assets.

• If any Seller Party receives any payment or other amount constituting an Acquired Asset (including any payment or other amount in respect of any account receivable constituting an Acquired Asset), then such payment or other amount shall, to the extent permitted under applicable Law, be held, at Purchaser Party in trust for the benefit of Purchaser and shall be promptly delivered by such Seller Party to Purchaser in the original form, endorsed in blank, if applicable.

• Notwithstanding the foregoing, the Buyer Parties shall be entitled to (but shall not be required to) set-off any amounts due or payable to any of the Buyer Parties by a Seller pursuant to this Section 5.2 against any amounts otherwise due and payable by any of the Buyer Parties to any Seller Party pursuant to this Agreement (including, without limitation, any Renewal Commission Payment).

More Definitions of Seller Party

Seller Party means any of the Seller, its parent, subsidiaries and affiliates and any shareholder, director, officer, employee, agent or "controlling person" (as such term is used in the Securities Act) of any of the foregoing.

Seller Party and “Seller Parties” have the meaning given to such terms in the Preamble.

Seller Party means, collectively or individually, as the context may require, Seller and Guarantor.

Seller Party. As defined in the preamble.

Seller Party means each of Seller and Guarantor, collectively, the “Seller Parties”.

Seller Party means each Seller and each Underlying Entity.

Seller Party means the Seller and WFS and any director, officer, employee, agent or "controlling person" (as such term is defined under any Federal Securities Law) of either the Seller or WFS.