Bank Accounts; Letters of Credit Sample Clauses
The 'Bank Accounts; Letters of Credit' clause defines the procedures and requirements related to the establishment and use of bank accounts and letters of credit in a contractual relationship. It typically specifies which party is responsible for opening and maintaining designated bank accounts, as well as the conditions under which letters of credit must be issued, such as for payment security or performance guarantees. This clause ensures that financial transactions are conducted securely and transparently, reducing the risk of non-payment or default by clearly outlining the mechanisms for handling funds and credit instruments.
Bank Accounts; Letters of Credit. Schedule 3.25 lists (a) all bank accounts, lock boxes and safe deposit boxes relating to the business and operations of the Company (including the name of the bank or other institution where such account or box is located and the name of each authorized signatory thereto) and (b) all outstanding letters of credit issued by financial institutions for the account of the Company (setting forth, in each case, the financial institution issuing such letter of credit, the maximum amount available under such letter of credit, the terms (including the expiration date) of such letter of credit and the party or parties in whose favor such letter of credit was issued).
Bank Accounts; Letters of Credit. (a) Schedule 3.2(a) lists substantially all current material bank accounts, lock boxes and safe deposit boxes relating to the business and operations of each Foreign Entity (with such Schedule to be amended a reasonable time prior to Closing to list all such accounts), including the name of the bank or other institution where such account or box is located and the name of each authorized signatory thereto.
(b) Schedule 3.2(b) sets forth all outstanding letters of credit issued by financial institutions for the account of the Tower Group, setting forth, in each case, the financial institution issuing such letter of credit, the maximum amount available under such letter of credit, the terms, including the expiration date, of such letter of credit and the party or parties in whose favor such letter of credit was issued.
Bank Accounts; Letters of Credit. Section 3.23 of the Disclosure Schedules lists (a) all bank accounts, lock boxes and safe deposit boxes relating to the business and operations of the Group Companies (including the name of the bank or other institution where such account or box is located and the name of each authorized signatory thereto), and (b) all outstanding letters of credit issued by financial institutions for the account of the Group Companies (setting forth, in each case, the financial institution issuing such letter of credit, the maximum amount available under such letter of credit, the terms (including the expiration date) of such letter of credit and the Person or Persons in whose favor such letter of credit was issued). The Company has heretofore delivered to Parent true, correct and complete copies of each letter of credit described in Section 3.23
Bank Accounts; Letters of Credit. Section 2.25 of the Disclosure Schedules lists all bank accounts, lock boxes and safe deposit boxes relating to the business and operations of the Company (including the name of the bank or other institution where such account or box is located and the name of each authorized signatory thereto). The Company has no, and is not a party to, any outstanding letters of credit issued by financial institutions for the account of the Company.
Bank Accounts; Letters of Credit. 5.8.1 Schedule 5.8.1 of the Disclosure Schedule lists all deposit accounts, lockbox accounts, securities accounts and commodity accounts maintained by the Company and any Company Subsidiary, including the name of each institution where each such account is held, the name of each such account, the owners of each such account, the account number for each such account and indication of the type of account.
Bank Accounts; Letters of Credit. Section 5.23 of the Company Disclosure Schedule lists (a) all bank accounts, lock boxes and safe deposit boxes relating to the business and operations of the Company and its Subsidiaries (including the name of the bank or other institution where such account or box is located and the name of each authorized signatory thereto) and the names of all persons authorized to draw thereon, make withdrawals therefrom or have access thereto (b) all outstanding letters of credit issued by financial institutions for the account of the Company and its Subsidiaries. The Company has heretofore delivered to Purchaser true, correct and complete copies of each letter of credit described in Section 5.23 of the Company Disclosure Schedule.
Bank Accounts; Letters of Credit. Schedule 3.25 lists (a) all bank accounts, lock boxes and safe deposit boxes owned by the Company (including the name of the bank or other institution where such account or box is located and the name of each authorized signatory thereto) and (b) all outstanding letters of credit issued by financial institutions for the account of the Company (setting forth, in each case, the financial institution issuing such letter of credit, the maximum amount available under such letter of credit, the terms (including the expiration date) of such letter of credit and the party or parties in whose favor such letter of credit was issued).
Bank Accounts; Letters of Credit and Powers of Attorney 45 5.28 Customers and Suppliers 45 5.29 Warranties to Customers 46 5.30 Products 46 5.31 Utilization of Assets 46 5.32 Disclosure 47 5.33 Fair Disclosure 47 Article VI REPRESENTATIONS AND WARRANTIES OF CRYOLIFE, PARENT, AND BUYER 48 6.1 Organization, Standing and Power 48 6.2 Authority 48 6.3 No Conflict 48 6.4 Capitalization 49 6.5 Litigation 49 6.6 Consents 49 6.7 Issuance of CryoLife Common Stock 49 6.8 Private Placement 50
Bank Accounts; Letters of Credit. Schedule 4.10(a) contains a true and complete list of each bank, financial institution and brokerage company in which the Company has an account together with the type of account and the names of all Persons authorized to draw thereon or have access thereto. Schedule 4.10(b) contains a true and complete list of each letter of credit, surety, performance and other bonds or similar Contract that the Company has provided, issued or entered into or for which the Company is the primary obligor, in each such case to support or facilitate the customer Contracts or Real Estate Leases of the Company and, with respect to such Contracts, no claim as been made against any such Contract since January 1, 2016 which has not been paid in full.
Bank Accounts; Letters of Credit. Schedule 4.20 contains an accurate and complete list, for the Company and each of its Subsidiaries, of (a) all non-escrow operational bank accounts and lock boxes relating to the business and operations of such entity (including the name of the bank or other institution where such account or box is located and the name of each principal authorized signatory thereto) and (b) all outstanding letters of credit issued by financial institutions for the account of such entity (setting forth, in each case, the financial institution issuing such letter of credit, the terms (including the expiration date) of such letter of credit and the party or parties in whose favor such letter of credit was issued).