Misdirected Funds definition

Misdirected Funds means the approximately $2.6 million of funds that were misdirected to the Debtors’ tri-party account with Bank of New York Mellon prior to the Petition Date.
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Misdirected Funds means and include any collections or other amounts received by Buyer or any of its Affiliates that constitute the proceeds of or a collection in respect of any Excluded Assets.
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Misdirected Funds means and includes any revenues, collections or other amounts received by the Purchaser or any of its Affiliates in respect of (i) the publication of MD and any other publication of ARP prior to the date hereof and (ii) the publication of the July and August 2001 issues of MD.
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Examples of Misdirected Funds in a sentence

  • Buyer shall on and after the Closing, execute and deliver any documents and perform any acts as reasonably requested by Seller to minimize the occurrence of Misdirected Funds, including but not limited to notices to third parties.

  • Any Misdirected Funds shall be received in trust for the benefit of Seller, and shall be promptly delivered to Seller in the exact form received (except for endorsement of instruments in favor of Seller as directed by Seller).

  • Any Misdirected Funds shall be received in trust for the benefit of the party entitled to the same, and shall be promptly delivered to such party in the exact form received (except for endorsement of instruments in favor of such party).

  • The current balance of such funds is $4,700,000.00 (the "Misdirected Funds").

  • Any unpaid balance under such note shall be due and payable to Lender on the earlier of: (i) three (3) business days after Borrower's receipt of payment from the Medicare program in an amount equal to the Misdirected Funds, or (ii) March 31, 2000.

  • The Sellers will (i) refer all customer inquiries relating to the Company to the Purchaser, and (ii) segregate any funds received by the Sellers that are properly payable to the Company (“Misdirected Funds”), hold those Misdirected Funds in trust for the benefit of the Company, immediately notify the Purchaser of the receipt of such Misdirected Funds, and promptly (but in any event within ten (10) Business Days following receipt thereof) pay such Misdirected Funds as instructed by the Purchaser.

  • Each party shall on and after the Closing, ----------------- execute and deliver any documents and perform any acts as reasonably requested by the other to minimize the occurrence of Misdirected Funds, including but not limited to notices to account debtors and other third parties.

  • It is understood and agreed by the parties hereto that any Misdirected Funds are not property of any kind of the Sellers or their respective estates.

  • Any Misdirected Funds shall be received in trust for the benefit of the Seller, and shall be promptly delivered to the Seller in the exact form received (except for endorsement of instruments in favor of the Seller, as directed by the Seller).

  • As of the effective date hereof, Borrower shall deliver to Lender a promissory note, substantially in the form attached hereto as Exhibit A, pursuant to which Borrower shall repay all the Misdirected Funds that remain due and payable to Lender.