German Seller definition
Examples of German Seller in a sentence
The German Seller and the UK Seller shall, each for the purposes of its role as collection agent pursuant to the Collection Mandate, transfer collections of the Sold Receivables received from English Debtors to the Purchaser and the Agent shall convert such collections in Euro at the Exchange Rate applicable at close of business on the Business Day preceding the last Assessment Date prior to such collections.
We refer to Clause 2.1 of the German Receivables Purchase and Servicing Agreement (hereinafter the Agreement) dated [date], and entered into between, inter alia, us, WABCO Fahrzeugsysteme GmbH, as the German Seller, and you, Société Générale Bank Nederland N.V., as Purchaser.
The German Seller wishes to sell and the Purchaser wishes to purchase from the German Seller, certain receivables, as more particularly described herein, originated from the sale of automotive products by the German Seller to certain Debtors pursuant to certain Contracts, together with the benefit of all related ancillary security and other rights attached thereto, if any, on the terms and subject to the conditions of this German Receivables Purchase and Servicing Agreement.
The German Seller hereby agrees that the Invoice pertaining to an Assigned German Receivable may be accessed by the Purchaser to the extent necessary for the transfer and enforcement of title or the relevant right in rem.
If the German Registry refuses to register the termination of the Domination and Profit and Loss Transfer Agreement or if for any reason whatsoever, such termination is not, or is not deemed by anyone to be, effective at the date hereof then the German Seller and the German Company hereby cancel the Domination and Profit and Loss Transfer Agreement (hebeum auf) the Domination and Profit and Loss Transfer Agreement with effect on 31st December, 1999 (24.00 hours).