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 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 agrees to transfer to Purchaser all "ring down lines" for fire monitoring of Alarm Accounts without a change in priority or position.
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.
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.
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.
Unsecured credit transactions are not able to go after one’s assets unless they go through lengthy legal proceedings.
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.
Such reports shall include, but not be limited to, updated Subscriber information via a full download of the Servicer’s account database, gross Collections received reported separately on an RMR, pass-through, and non-RMR basis, any disbursements or expenses paid during the prior month and the Attrition Rate with respect to all Alarm Accounts with the detail supporting the calculation.
Global shall not in any manner, directly or indirectly, through any corporation, partnership or any other entity, solicit or provide security 2 monitoring services to any person or entity set forth on Schedules 1(a) and 1(f) to the Purchase Agreement, or otherwise take any action which would adversely affect Masada's interest in the Alarm Accounts and Contracts-in-Process (as such terms are defined in the Purchase Agreement) purchased from Seller.