Examples of German Seller in a sentence
Risks Relating to the Insolvency of the Seller of the Purchased Lease Receivables In case insolvency proceedings are commenced in relation to VWL as German Seller of the Purchased Lease Receivables, the expected cash flows of the Purchased Lease Receivables could be adversely affected as laid out below.
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.
With respect to each Offered Receivable that is subject to a retention of title of a supplier of the German Seller the amount owed by the German Seller to its supplier under the relevant contract containing such retention of title clause is lower than the Purchase Price payable by the Purchaser to the German Seller hereunder with respect to such Offered Receivable.
Any such partial payment shall be either returned to the German Seller or applied by way of set-off against any payment obligation of the German Seller in accordance with Clause 6.2.
US Seller has the right, authority and power to sell, assign and transfer the US Purchased Shares to US Buyer, UK Seller has the right, authority and power to sell, assign and transfer the UK Purchased Shares to UK Buyer, and German Seller has the right, authority and power to sell, assign and transfer the German Purchased Shares to German Buyer, in each case in accordance with the terms of this Agreement.