Payment to Sellers. With respect to any Asset purchased by a Borrower from a Seller, each GWG Party shall cause such sale to be effected under, and in compliance with the terms of, the Sale and Servicing Agreement, including, without limitation, the terms relating to the amount and timing of payments to be made to the applicable Seller in respect of the purchase price for such Asset. With respect to any Asset purchased by a Seller from an Initial Lender, Life Settlement Provider or Insured, as applicable, each GWG Party shall cause such sale to be effected under, and in compliance with the terms of, the applicable Purchase and Sale Agreement and Origination Agreement (if applicable), including, without limitation, the terms relating to the amount and timing of payments to be made to the Initial Lender, Life Settlement Provider or Insured, as applicable, in respect of the purchase price for such Asset.
Payment to Sellers. (i) Subject to Clauses 19(iii) 19(iv) and 19(v) the Auctioneers shall issue payment of the Sale Proceeds for a Lot to the Seller within ten Working Days of the payment for that Lot by the Buyer resulting in cleared funds in the Auctioneers’ bank.
(ii) Monies received from Buyers will be held by the Auctioneers in a separate identifiable Clients’ Account.
(iii) Should there be notification by the Buyer of a defective Lot or Lots pursuant to Clause 16 then the procedure set out in that Clause shall be followed and the sale proceeds dealt with accordingly.
(iv) Notwithstanding Clause 19(i) in the event of any debt of the Seller being owed to the Auctioneers the latter shall have the right to set off such debt against the sale proceeds.
(v) Following the sale of any vehicle the Auctioneers shall not pay over the Sale Proceeds to the Seller until the Seller has given to the Auctioneers the V5C registration book for that vehicle a signed declaration that the registration book is lost or a declaration of non- registration or the Buyer confirms that he has now obtained a V5C document for the vehicle.
Payment to Sellers. With respect to any Receivable sold by a Seller to the Issuer, the Issuer shall effect such sale under, and pursuant to the terms of, the Purchase Agreement, including the payment by the Issuer either in cash to or by a capital contribution from the Seller of an amount equal to the purchase price for such Receivable as required by the terms of the Purchase Agreement.
Payment to Sellers. With respect to any Receivable sold by a Seller to the Transferor, the Transferor shall, and shall cause each Seller to, effect such sale under, and pursuant to the terms of, the Receivables Purchase Agreement, including, without limitation, the payment by the Transferor either in cash to or by a capital contribution from such Seller of an amount equal to the Purchase Price for such Receivable as required by the terms of the Receivables Purchase Agreement.
Payment to Sellers. With respect to any Receivable purchased by SunGard Financing from the Sellers, such sale shall be effected under, and in strict compliance with the terms of, the First Step Agreement, including, without limitation, the terms relating to the amount and timing of payments to be made to the Sellers in respect of the Purchase Price for such Receivable. With respect to any Receivable purchased by SunGard Funding from SunGard Financing, such sale shall be effected under, and in strict compliance with the terms of, the Second Step Agreement, including, without limitation, the terms relating to the amount and timing of payments to be made to SunGard Financing in respect of the Purchase Price for such Receivable.
Payment to Sellers. If all the conditions to Buyer's obligations under this Agreement set forth in Article 8 have been satisfied on or before September 30, 1998, or any mutual extension thereof, and Buyer fails materially to perform its obligations hereunder, or if any of the conditions to Buyer's obligations under this Agreement set forth in Article 8 have not been satisfied on or before September 30, 1998, or any mutual extension thereof, due to Buyer's willful or negligent failure to perform its obligations hereunder, Sellers may elect to terminate this Agreement pursuant to Section 12.1(b) and, subject to the provisions of the Escrow Agreement, upon such termination the Sellers may direct the Escrow Agent to deliver the Deposit plus all interest and income earned thereon, to the Sellers in accordance with the written instructions of Sellers. In the event of a termination of this Agreement by Sellers pursuant to Section 12.1(b), forfeiture of the Deposit by Buyer shall be Sellers' sole remedy under this Agreement.
Payment to Sellers. Nortek (or its designees) will deliver to Sellers Lit.16 billion in cash by wire transfer of immediately available funds or as the Sellers shall so specify. Such amount to be paid to Messrs. Mancini and Mantini in proportion to their oxxxxxxxp intxxxxx xn the Acquisition Shares, respectively; provided, however, that if at the Closing the Sellers are unable to transfer the German Shares to Nortek or its designee(s), then Nortek or its designee(s) shall be entitled to withhold Lit. 60 million of the Purchase Price allocated to the BEST Shares and the German Shares until the Sellers shall have delivered to Nortek or its designee(s) evidence reasonable satisfactory to Nortek and its counsel that the German Shares have been transferred to Nortek or its designee(s) in accordance with German Law.
Payment to Sellers. LCN acknowledges and agrees that any amount payable to it by any Transaction Party under the Transaction Documents may be paid by transferring that amount to the relevant Seller Account and that such transfer shall constitute a complete discharge of the obligation of the relevant Transaction Party to pay such amount.
Payment to Sellers i. In the event that actual Net Worth is greater than negative $1,500,000 and actual Cash on Hand is greater than $19,000,000, then Buyer shall make a Post Closing Adjustment to Sellers, in an amount which is the lesser of: 1. the amount by which actual Net Worth would have exceeded negative $1,500,000, or 2. the amount by which actual Cash on Hand would have exceeded $19,000,000.
Payment to Sellers to Sellers, the balance of the Estimated Closing Price in accordance with the amounts and wire transfer instructions set forth in the Wire Instructions.
