Examples of Alarm Accounts in a sentence
Seller warrants that the Alarm Accounts acquired by Purchaser are valid and are binding upon and enforceable against the customers of Seller executing same in accordance with their terms, and the obligations of the customers of Seller thereunder are not subject to set-off or claims resulting from the conduct of Seller's business prior to their conveyance to Purchaser.
Seller agrees to transfer to Purchaser all "ring down lines" for fire monitoring of Alarm Accounts without a change in priority or position.
Seller warrants that beginning on the Closing Date and for the 12 month period immediately after the Closing Date (the "Guarantee Period") all Alarm Accounts purchased by Purchaser pursuant to this Agreement and described on Schedule 1(a) shall continue to meet the requirements specified in Section 8(i) and that all payments from customers shall be made in a timely manner.
Seller shall have 30 days from the receipt of such written notice to return such Defaulted Contracts to compliance with the requirements of Alarm Accounts as specified in Section 8(i) and timeliness; provided, however, that Seller shall not, either directly or indirectly, make payments to or provide other assistance to or on the behalf of the customers who have Defaulted Contracts.
The term "Equipment" means any and all installations and equipment owned or leased by the Company at Subscribers' residences or places of business with respect to the Alarm Accounts.
The term "Telephone Lines" is defined as the Company's interest in all of the telephone lines, voice service lines, call back lines and numbers on which the Alarm Accounts are being monitored or which are otherwise used or owned by the Company in connection with the business.
Between the date of this Agreement and the Closing Date, Seller shall cause the Business to be conducted in its usual and ordinary course including, but not limited to, not increasing the price and/or rate of any product or service relating to the Alarm Accounts and Contracts-in-Process without the prior written consent of Purchaser.
Except for the standard warranties on installations detailed in Schedule 3.24, there are no written warranties or oral warranties given by the Company applicable to any of the Alarm Accounts.
Servicer shall also provide Owner with online, real time access to its Records concerning dealer program account data and the status of the Alarm Accounts.
All of Seller's obligations hereunder with respect to the Alarm Accounts shall extend to the Third Party Accounts and Seller shall continue to be solely responsible for all costs and charges incurred as a result of third parties providing monitoring or other services with respect to the Third Party Accounts.