Examples of Applicable Seller in a sentence
Based on such reconciliation information provided by the Servicer to Xxxxx Fargo with respect to such Receivable resulting from such communications, (i) if such payment related to a Purchased Receivable, Xxxxx Fargo shall apply such payment to such Purchased Receivable, or (ii) if such payment related to a Receivable which is not a Purchased Receivable, Xxxxx Fargo shall promptly remit such payment to the Applicable Seller Account.
In the event that the Applicable Seller objects in writing within such 30-day period, the Applicable Buyer and the Applicable Seller shall negotiate in good faith to resolve the dispute.
Effective upon the consummation of the Minority Purchase pursuant hereto, each Company further agrees never to commence, aid or participate in a manner adverse to any Applicable Seller in any legal action or other proceeding based in whole or in part upon any Seller Released Matters relating to such Applicable Seller.
Effective upon the consummation of the Minority Purchase pursuant hereto, the Companies acknowledge and agree that they shall not make any claim related to the Seller Released Matters against any Person that has a right to seek indemnification, contribution or other relief for such claim from any Applicable Seller.
The Companies acknowledge that this release shall apply to all unknown or unanticipated results of any action of any Applicable Seller, as well as those known and anticipated.
Xxxxx Fargo agrees (and each Seller hereby directs Xxxxx Fargo) to pay on each Purchase Date to the Applicable Seller Account(s) the Purchase Price for the Proposed Receivables specified in the related Funding Notice that Xxxxx Fargo has agreed to purchase pursuant to Section 2.1 on such Purchase Date.
The Applicable Allocation Statement, as agreed upon by the Applicable Buyer and the Applicable Seller and/or determined under this Section 4.6(a), shall be final and binding upon the parties.
Each of the Applicable Buyer and the Applicable Seller shall bear all fees and costs incurred by it in connection with the determination of the Applicable Allocation Statement, except that the parties shall each pay one-half (50%) of the fees and expenses of such accounting firm.
They will be assessed on their ability to successfully complete various interpretive assignments throughout their plan of study; the exact mechanisms will be defined during the development of the program’s Academic Assessment Plan.
All requests for information made pursuant to this Section 5.2(a) shall be directed to an executive officer of the Applicable Seller.