Examples of Seller Bank Account in a sentence
On the second anniversary of the Closing Date, the Purchaser shall release and pay 50% of the Escrow Amount by wire transfer of immediately available funds to the Seller Bank Account, less the aggregate amount, if any, of amounts previously deducted from the Escrow Amount by the Purchaser in accordance with this Agreement to satisfy any Seller Indemnifiable Claims from the First Escrow Release Date.
On the first anniversary of the Closing Date (the “First Escrow Release Date”), the Purchaser shall release and pay 50% of the Escrow Amount by wire transfer of immediately available funds to the Seller Bank Account, less the aggregate amount, if any, of amounts previously deducted from the Escrow Amount by the Purchaser in accordance with this Agreement to satisfy any Seller Indemnifiable Claims.
Purchaser shall deliver the Closing Payment to Seller by wire transfer of immediately available funds to Seller Bank Account.
Between the date of this Agreement and the Closing Date, Buyer shall have the right to designate any Transferred Seller Bank Account as an Excluded Asset by delivery of written notice to Sellers of such election prior to the Closing Date, and as a result, such Transferred Seller Bank Account shall be deemed an Excluded Asset, and Schedule 2.1(s) shall be deemed to be automatically updated accordingly and the Parties shall update Schedule 2.1(s) accordingly.
Completion shall occur upon (a) CPU sending to the Buyer and the Seller a screenshot of the register in respect of ReNew Class C Depositary Receipts updated in respect of the Sale; (b) the Buyer having performed its obligations listed in Schedule 2; and (c) the Seller having received the Consideration in the Seller Bank Account.