German Seller definition
Examples of German Seller in a sentence
Neither the German Seller nor the Seller’s Agent shall be entitled to transfer any of their claims arising under this Agreement without the Purchaser’s prior written consent.
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 agrees that in the event that any amounts in respect of an Offered Receivable are received from a Debtor at any time on or after the Business Day on which such Offered Receivable is purchased by the Purchaser pursuant to Clause 3.1, such amounts will be for the account of and forwarded to the 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.