Receiving Bank Account definition

Receiving Bank Account means the account with the Receiving Bank into which proceeds from the Offer Loans to purchase Target Shares will be paid.
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Receiving Bank Account means the bank account to be notified in writing by the Sellers’ Representative to the Purchaser no later than 5 Business Days prior to Completion;
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Receiving Bank Account means an account with the Receiving Bank in the name of the Principal Borrower to receive the proceeds of subscriptions for shares of the Principal Borrower and the Subordinated Loans;
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Examples of Receiving Bank Account in a sentence

  • Ordinary cash dividends payable in respect of the Escrow Shares will be paid by the Purchaser directly to the Receiving Bank Account on behalf of the relevant Sellers and not to the Bank and payment of such cash dividends to the Receiving Bank Account on behalf of the relevant Sellers shall constitute good discharge to the Purchaser in respect of them.

  • The Payor has agreed to make remittance of the earned Consultant Fees directly to the Group Paymaster’s designated U.S. Dollar Receiving Bank Account on a “time is of the essence” basis, (within 24 banking Hours) through an Irrevocable Pay Order placed by the Client, upon the successful conclusion of each and every tranche.

  • With the transfer of the investment funds into the Receiving Bank Account determined by PARTNER and the provision of the security pass codes in each separate tranche, the obligations of the INVESTOR under this contract are considered fulfilled.

  • Such payment of Consultant Fees shall be made in good, clear and clean U.S. Dollars of non-criminal origin and delivered via Fed Wire Urgent or SWIFT, Telex or inter branch transfer of such receipt of the returns by the Client’s U.S. Dollar Receiving Bank Account and to be without deductions, withholding, offset, charges or fees, other than customary bank wire transfer fees to the Group Paymaster’s following designated banking coordinate.

  • The Principal Borrower shall procure that all proceeds of subscription for shares in the Principal Borrower and the Subordinated Loan Notes shall be paid into the Receiving Bank Account and shall not be paid out of such Receiving Bank Account without the consent of the Agent which consent shall be given so long as the purpose for which any request to withdraw funds from such account is made is one of those set out in Clause 3.2 (Purpose: The Share Purchase Term Facilities).