Examples of Seller Account Parties in a sentence
If, notwithstanding such Letter, any of the Seller Account Parties remits any such payments on or after the Closing Date directly or indirectly to any of the Sellers instead of to the Lockbox Account, each Seller agrees that it shall promptly (and in any event no later than 15 days following receipt) deliver all such payments that it receives to the Purchaser.
Each of the Sellers shall use its commercially reasonable efforts, at the Purchaser’s request, to assist the Purchaser in collecting in full from the Seller Account Parties all amounts owed pursuant to such Receivables.
If any of the Seller Account Parties remits payments on or after the Closing to an ED&F Party, ED&F shall, and shall cause the other ED&F Parties to, deliver all such payments to Parent or the Surviving LLC or pay to Parent or the applicable Surviving LLC an amount equal to such payments and Parent or the applicable Surviving LLC shall reimburse ED&F for its reasonable expenses directly related thereto.
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Seller hereby irrevocably designates, makes, constitutes and appoints Buyer as its true and lawful attorney-in-fact to take and do any and all reasonable and necessary actions that relate to the receivables of the Seller Account Parties constituting Acquired Assets.
Seller shall use all reasonable efforts to assist Buyer in collecting in full from Seller Account Parties all amounts owed pursuant to all accounts, notes and receivables constituting Acquired Assets.
If, notwithstanding such Letter, any of the Seller Account Parties remit payments on or after the Closing directly or indirectly to Seller or its Affiliates instead of to the Lockbox Account, Seller agrees that it shall promptly (and in any event no later than two business days following receipt) deliver all such payments to Buyer.
If, notwithstanding such Letter, any of the Seller Account Parties remit payments on or after the Closing to Seller or a Selling Subsidiary, Seller agrees that it shall pay such amount to the Buyer within two Business Days following identification of the same by Seller.
Seller shall if requested by Buyer, irrevocably authorize, instruct and direct that the account parties of all accounts, notes and receivables constituting Acquired Assets (such parties, the "Seller Account Parties") shall make and deliver all payments relating thereto on or after the Closing to such location, bank and account (the "Lockbox Account") as Buyer shall specify.
If, notwithstanding such Letter, any of the Seller Account Parties remits payments on or after the Closing directly or indirectly to the Sellers or their Affiliates instead of to the Lockbox Account, the Sellers agree that Sellers shall promptly (and in any event no later than two Business Days following receipt) deliver all such payments (including but not limited to negotiable instruments which shall be duly endorsed by the Sellers to the order of the Buyers) to the Buyers.