Xxxxx Transactions Sample Clauses

Xxxxx Transactions. Xxxx will initiate a debit at My request to debit funds from an account that I own at another financial institution ("External Account") for deposit into My Account. I understand that in order for Hapi to initiate a debit, the financial institution holding my External Account must participate in the debiting system. I understand that for the transfers to be established, at least one common name must match exactly between My Account and My External Account. I authorize Hapi to take such steps as it deems appropriate to verify my ownership of External Account, including by telling the bank at which such External Account is held that I have authorized and consented to such bank disclosing to Hapi any information that Hapi may request about Me or My External Account. I also agree to cooperate with Xxxx's verification of my ownership of such External Account by promptly providing any identification and/or other documentation that Hapi may request regarding such External Account. I represent and warrant that there are sufficient funds in My External Account to cover the amount of the deposit to My Account. Hapi will initiate the debit to My External Account on the Business Day or next Business Day after I request the transfer. A transfer request will be deemed to have been made on a Business Day if it is received by Hapi by 3:00 p.m. (Central Time) on such Business Day; if received after that time, the transfer request will be deemed to have been made on the next Business Day. Within 60 days of the date of My deposit, My funds may only be withdrawn to the External Account from which such funds were debited. I understand that a debit transfer may be reversed or rejected if: (A) there are insufficient funds in My External Account; (B) there is a duplicate transaction; (C) the transaction is denied by the bank holding My External Account; or (D) My External Account does not support transfers. I acknowledge that in the event of a reversal, I will incur a fee. Before initiating making a debit transfer, I agree to check Hapi's most recent Commissions and Fees Schedule. I agree that I am solely liable and responsible for any reversal fees that I incur.

Xxxxx Transactions. Without the approval of a majority of the ------------------ Board of Directors of the Company (without counting the vote of Xxxxxxx Xxxxx or any Xxxxx Affiliate), the Company shall not enter into any transaction (which could reasonably be expected to have a material effect on the Company) with, amend any material agreement with or issue any stock or securities to Xxxxxxx Xxxxx or any Xxxxx Affiliate (except an issuance of securities to Xxxxxxx Xxxxx in connection with the exercise of Xxxxxxx Xxxxx'x rights of first offer under Section 3 of this Agreement or the exercise of his rights or first refusal or co-sale under that certain Second Amended and Restated Right of First Refusal and Co-Sale Agreement dated as of the date hereof by and among the Company, the Investors and the Founders).

Xxxxx Transactions. For Forex transactions, IB UK generally will act as agent or riskless principal and charge a fee. IB UK may effect Forex transactions through an affiliate or third party, which may profit or lose from such transactions.

Xxxxx Transactions. The Administrative Agent shall have received written evidence satisfactory to the Lenders in their sole discretion, that, prior to or concurrently with the Effective Date: (i) [Reserved]; (ii) $25.4 million of Holding Company Notes held by an affiliate of Xxxxxxx Xxxxx shall have been irrevocably cancelled or otherwise caused to be null and void, in each case, in a manner consistent with the “AHYDO” provisions of the Code; and (iii) All “Credit Support” claims previously asserted by Xxxxxxx Xxxxx against any of the Credit Parties and permitted under the Existing Credit Agreement, shall have been subordinated to the payment in full of the Loans and to the outstanding Holding Company Notes.