Alarm Accounts Sample Clauses

Alarm Accounts. All right, title and interest of Seller in and to the contracts for the rendering of security monitoring services to existing customers of Seller which meet all of the requirements listed in Section 8(i) and are specifically listed on Schedule 1(a) hereto (the "Alarm Accounts");
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Alarm Accounts. Seller warrants that beginning on the Closing Date and for the 12 month period immediately after the Closing Date (the "Guarantee Period") all Alarm Accounts purchased by Purchaser pursuant to this Agreement and described on Schedule 1(a) shall continue to meet the requirements specified in Section 8(i) and that all payments from customers shall be made in a timely manner. For purposes of this Agreement, payments by customers shall be considered timely if they are received by Purchaser on or before the 60th day following the applicable invoice due date. For purposes of this Agreement a "Defaulted Contract" shall be defined as: (i) any Alarm Account that no longer meets the requirements specified in Section 8(i); or (ii) any Alarm Account in which payments from customers shall not have been made in a timely manner. Purchaser shall give Seller written monthly notice of any and all Defaulted Contracts as soon as reasonably possible. Seller shall have 30 days from the receipt of such written notice to return such Defaulted Contracts to compliance with the requirements of Alarm Accounts as specified in Section 8(i) and timeliness; provided, however, that Seller shall not, either directly or indirectly, make payments to or provide other assistance to or on the behalf of the customers who have Defaulted Contracts. If at the end of such 30 day period Purchaser, in its sole discretion, determines that any or all such Alarm Accounts are still Defaulted Contracts, then Seller shall repurchase such Alarm Accounts from Purchaser for 35 times the RMR of such Defaulted Contracts as of the Closing Date (the "Repurchase Amount") or shall replace the Defaulted Contracts with other contracts that meet all of the requirements listed in Section 8(i) and have RMR greater than or equal to that of such Defaulted Contracts. If the Seller does not repurchase or replace the Defaulted Contracts within such 30 day period, Seller shall be charged against the Escrow Account an amount equal to the Repurchase Amount plus the interest accruing thereon from the Closing Date at the rate then
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Alarm Accounts. The term "Alarm Accounts" is defined as the installed alarm accounts set forth on SCHEDULE 1.2 attached hereto and by this reference incorporated herein, all Equipment, all available records (including, without limitation, service and installation records), files, computer information, monitoring codes, upload codes, download codes, master codes, lock-out codes, communicator identification codes, all goodwill of Sequence related thereto and any and all Contracts and related agreements for alarm systems and services between Sequence and the Subscribers.
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Alarm Accounts. The term "
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Related to Alarm Accounts

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"):

  • Separate Accounts If the Fund has more than one series or portfolio, the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such individual series, and shall be discharged only out of the assets of such series.

  • Collection Accounts Section 3.11 Withdrawals from the Collection Accounts..................... Section 3.12 Investment of Funds in the Collection Accounts and the Distribution Account......................................... Section 3.13 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage........................................ Section 3.14 Enforcement of Due-on-Sale Clauses; Assumption Agreements.... Section 3.15

  • Deposits to Lock-Box Accounts Deposit or otherwise credit, or cause or permit to be so deposited or credited, to any Lock-Box Account cash or cash proceeds other than Collections of Pool Receivables.

  • Operating Accounts (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent.

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • Lock-Box Accounts The names and addresses of all of the Lock-Box Banks, together with the account numbers of the Lock-Box Accounts at such Lock-Box Banks, are specified in Schedule 6.1(n).

  • Management Accounts The Management Accounts:

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto;

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