Transfer of Bank Accounts. (a) Section 2.3(a) shall be amended by (1) removing the word “and” at the end of subsection (xiii), (2) replacing the period at the end of clause (xiv) with a semicolon followed by the word “and”, and (3) adding the following subsection (xv) to such section: "(xv) the bank accounts listed on Schedule 2.3(a)(xv).”
Transfer of Bank Accounts. At the Closing, Seller shall transfer to ------------------------- Buyer all deposits held in any of Seller's bank accounts and any other cash of Seller.
Transfer of Bank Accounts. Within 5 Business Days following the Initial Advance, transfer all bank accounts to Compass Bank, including entering into a control agreement in form and substance reasonably satisfactory to Lender.
Transfer of Bank Accounts. Seller shall cause the financial institutions in which the Bank Accounts are located to transfer the beneficial use of the Bank Accounts, by retitling, assignment or otherwise, to Buyer, so that (a) as of Closing, Buyer will have sole and exclusive use of, and access to, such Bank Accounts, and (b) there will be no disruption of payments made from the accounts or deposits to such accounts. Buyer will designate a representative to assist in coordinating the transfer of such accounts.
Transfer of Bank Accounts. Seller will execute and deliver, or cause to be executed and delivered, to Buyer such resignations and other documentation of officers and representatives of Brea or the Partnership as Buyer may reasonably request to effect the transfer of the bank accounts referenced in Schedule 5.24 as of the Closing Date.
Transfer of Bank Accounts. Effective upon the Closing, the Company shall transfer title and ownership of all bank accounts, checking accounts, safe deposit boxes, lockboxes and similar accounts and items to Buyer, and shall cause the authority of all Persons authorized to draw thereon or have access thereto to be revoked and shall cooperate with Buyer to xxxxx xxxxxx of attorney or comparable delegation giving such Persons as may be directed in writing by Buyer the authority to draw upon or have access to such accounts and items from and after Closing. To the extent that the Company has left cash in any such transferred bank account for the purpose of satisfying issued but uncleared checks and drafts relating to payroll, bonus or similar employee obligations of the Company that have been taken into account in the calculation of Estimated Cash on Hand, Buyer agrees that it will not sweep such portion of cash from such bank accounts.
Transfer of Bank Accounts. The parties stipulate and agree that, effective as of the Closing, the bank accounts identified by an asterisk(*) in Schedule 4.13 shall be transferred as directed by Seller to Seller Parent, Seller or any other Affiliate of Seller that is not a member of the MRI Group, and Buyer shall take necessary and appropriate actions to establish the requisite operating accounts for the operation of the MRI Group following the Closing.
Transfer of Bank Accounts. On or prior to the Closing, the Shareholders will cause the Company to provide the Purchaser with evidence, reasonably satisfactory to the Purchaser, of the transfer of all of the bank accounts owned by the Company, including, without limitation, the bank accounts set forth in Schedule 4.01(bb)(2) and the forms of resolutions required by each bank for each such bank account to provide Purchaser with all the rights, title and interest in and to such bank accounts and the authority to access such bank accounts.
Transfer of Bank Accounts. At the Closing, the Seller and the Company shall transfer to the Buyer control of all bank accounts of the Company which shall contain a balance of at least $240,000.00. Seller and the Company shall execute such documents as shall be required to accomplish this transfer.
Transfer of Bank Accounts. The Seller has transferred to the Purchaser the bank accounts, which are used for collecting debtors’ payments.
