Principal Vendor definition
Examples of Principal Vendor in a sentence
If the Escrow Shares are returned to the Purchaser due to Setoff, the Breaching Principal Vendor shall promptly sign a stock transfer power authorizing the Transfer Agent to transfer or cancel the Relevant Escrow Shares on the stock transfer records of Purchaser.
To the extent that any Vendor does bring a claim (save as referred to above), the Principal Vendor shall indemnify the Purchaser and each relevant Local Purchaser against all Losses which it may suffer through or arising from the bringing of such a claim against it.
If any amount less than 100% of the Escrow Shares is to be returned to Purchaser or cancelled due to Setoff, then the Breaching Principal Vendor shall promptly sign a stock transfer power authorizing the Transfer Agent to cancel the applicable portion of the Escrow Shares.
Escrow Agent shall deliver the Share Certificates and stock transfer power signed by the Breaching Principal Vendor to the Transfer Agent for cancellation.
In the case of a Setoff, Escrow Agent shall only release the Relevant Escrow Shares (and not any other Escrow Shares attributed to a non-Breaching Principal Vendor) to Purchaser.
Subject to paragraph 2 of Schedule 7 any liability of the Principal Vendor under this Clause 6.6 shall be independent of any liability of the Principal Vendor or any of the Subsidiary Vendors by reason of breach of the Warranties.
All copyrightable works that any Principal Vendor creates or created shall be considered “works made for hire”.
This Agreement is the valid and binding agreement of the Principal Vendor, enforceable in accordance with its terms, except to the extent limited by any bankruptcy, insolvency, or similar law affecting the rights of creditors generally.
Residential Asset Securitization Trust 2004-R2." The Distribution Account shall be maintained as a "deposit account" (as defined in Section 9-102(a)(29), bearing a designation clearly indicating that the account and all funds deposited in it are held for the exclusive benefit of the Certificateholders.
The Principal Vendor shall, and shall procure that all other members of the Retained Group shall, within 60 days after Completion (Second), provide to the Purchaser or its duly authorised agents all Business Records possessed by the Principal Vendor, any other member of the Retained Group or any of their respective directors, officers, employees, agents, representatives or nominees.