French Accounts definition

French Accounts means the accounts established and maintained in the name of French FleetCo.

French Accounts means the accounts established and maintained in the name of French FleetCo. “French Administration Agreement” means the French administration agreement entered into between French FleetCo, the French Administrator and the French Security Trustee dated on or about the Signing Date. “French Administrator” means Hertz France S.A.S., a company incorporated as a société par actions simplifiée under the laws of France, registered with the Commercial and Company Registry of Versailles under number 377839667, whose registered office is at 1/3 avenue Westphalie, Xxxxxxxx Xxxxxx 0, 00000 Xxxxxxxx Xx Xxxxxxxxxx, Xxxxxx. “French Administrator Default” has the meaning specified in Sub-Clause 9.2 (Term of Agreement; Removal of French Administrator) of the French Administration Agreement. “French Administrator Termination Notice” has the meaning given to it in Sub-Clause 1.3 (French Back-Up Administrator) of the French Account Bank Agreement. “French Aggregate Asset Amount” means, as of any date of determination, the amount equal to the sum of each of the following with respect to French FleetCo:

French Accounts the audited balance sheet of the French Subsidiary made up as at the Balance Sheet Date and the unaudited profit and loss account of the French Subsidiary for the year ended on that date, and the notes, reports, statements and other documents which are annexed to the accounts of the French Subsidiary;

Examples of French Accounts in a sentence

• In the event that Purchaser or any of its subsidiaries receives any payments in respect of the French Accounts Receivable, Purchaser or the applicable subsidiary shall promptly forward all cash or other property directly or indirectly received by Purchaser or such subsidiary, including any amounts payable as interest, to the applicable Seller Entity or third party designee, if any.

• Purchaser shall not, and shall not permit any of its subsidiaries to, interfere with any action taken by a Seller Entity to collect amounts due in respect of the French Accounts Receivable, including contacting customers of Milacron France SAS in connection with such collections.

• Notarization .................................................55 SECTION 5.22 Collection of French Accounts Receivable .....................55 Contents, p.

• In assessing the liability of the Vendor in respect of a Relevant Claim there shall be set off against the amount of the Relevant Claim the amount by which any provision or reserve in the Completion Accounts, the Audited Accounts or the French Accounts is an over provision or excessive or unnecessary (whether or not relating to the subject matter of such Relevant Claim) to the extent not already set off against a bona fide claim.

• Save as disclosed in the Audited Accounts, the French Accounts or in Schedule 8 to the Agreement, there is no agreement or obligation to provide and there in not outstanding any guarantee, indemnity or security interest of any nature whatsoever given by the French Subsidiary for the benefit of any third party including any member of the Purchaser's Group or by an third party for the benefit of the French Subsidiary.

• Section 5.06(e) French Accounts Receivable .........................................Section 5.22 GAAP ...............................................................Section 2.15 Contents, p.