Shared Accounts Sample Clauses

Shared Accounts a) “Shared Account(s)” are accounts which are utilized by multiple individuals, either employees or non-employees, that do not have separate log in credentials for each user. b) Marco will not support Shared Accounts and will increase the price accordingly based upon the number of individual employees or Designated Users utilizing such accounts.

Shared Accounts. For each customer in the Territory that both (x) the Transition Team (as defined below) identifies as a customer to whom Seller sells the Seller Product and Buyer sells the Buyer Products and (y) Buyer’s members of the Transition Team identify to Seller’s members of the Transition Team as a customer that Buyer intends to continue to service, within 45 days after the date such customer is so identified, Seller will: (i) cease selling the Seller Product and Deactivate the Seller Product at such customer’s location; and (ii) use Seller’s commercially reasonable efforts to assist Buyer, as Buyer reasonably requests, in facilitating the transition of such customer’s use of the Buyer Products as replacement for the Seller Product (the actions in these clauses (i) and (ii) are the “Wind Down Actions”).

Shared Accounts. If the account is owned by more than one individual, all joint account holders are mutually and individually responsible to the Company for any obligations resulting from account transactions and commit to complying with all conditions of this Agreement and other written contracts linked to the account. Moreover, each individual named on the account has the authority: 1. To engage in trading for the account; 2. To receive all correspondence and paperwork concerning the account; 3. To collect, deposit, or withdraw money from the account; 4. To sign agreements related to the account; 5. To interact fully with the Company on all matters. The Company is entitled to demand joint action by the account parties concerning the account. The Company has control over the security of the account, either individually or collectively. In case the Company receives information about a dispute between or conflicting directives from joint account holders, the Company may, but is not obligated to, place restrictions on the account, including limitations on withdrawals or transfers from the account, until the Company gets satisfactory evidence that the dispute has been resolved or all joint account holders provide joint instructions to the Company. Should any of the account holders pass away, the surviving individual(s) must immediately inform the Company in writing. The Company may, either before or after receiving such notice, take any action, commence any legal proceedings, request any documentation, withhold any part of the account, and limit transactions in the account as it deems necessary to protect the Company from any tax, liability, penalty, or loss under any present or future law or other regulations. The estate(s) of the deceased account holder(s) shall be accountable, and the surviving party(ies) shall continue to be responsible, to the Company for all obligations related to the account resulting from the completion of transactions initiated before the Company received the written death notice, or incurred in the liquidation of the account, or in the adjustment of the interests of the respective parties. Each account holder is presumed to have an equal share.

Shared Accounts. 10 1.5 Further Assurances; Post-Closing Cooperation...................................................11 ARTICLE II DELIVERIES..............................................................................................12

Shared Accounts. Within 5 days of the end of each month during which Purchaser shall collect funds with respect to any Shared Accounts, Purchaser shall pay to the Company an amount equal to 50% of the aggregate amount collected with respect to Shared Accounts net of any business and occupation taxes owed thereon and with respect to the accounts receivable listed on Schedule 1.4(b) net of the accounts payable directly related thereto during the immediately preceding month until the earlier of (i) such time as all Shared Accounts shall have been collected by Purchaser or (ii) the parties hereto shall have jointly determined that any Shared Accounts remaining are no longer collectable.