Seller Bank Account definition

Seller Bank Account means the following bank account of the Seller: Beneficiary’s Name: Gopal Agriproducts Private Limited Escrow Account Bank Name: Standard Chartered Bank Branch Address: Xxxxxxxx XX, Ground Floor, Near Mithakali Six Roads, Ahmedabad – 380 006, India Account Number: 23305255783 IFSC Code: SCBL0036051

Seller Bank Account shall have the meaning ascribed to this term in Section 2.4(a)(i); provided that following the Closing Seller may designate a different Seller Bank Account by notice to Ctrip given pursuant to Section 7.1 or as otherwise provided in the Escrow Agreement.

Seller Bank Account shall have the meaning set forth in Section 2.1(b)(i).

Examples of Seller Bank Account in a sentence

• The Parties agree and acknowledge that the Seller shall not utilise the Purchase Consideration and shall not transfer the Purchase Consideration from the Seller Bank Account, until completion of all events set out in Clause 3 (Execution and Closing) in accordance herewith.

• 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.

• 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.

• Purchaser shall deliver the Closing Payment to Seller by wire transfer of immediately available funds to Seller Bank Account.

• The Parties agree and acknowledge that the Seller shall not utilise the Purchase Consideration and shall not transfer the Purchase Consideration from the Seller Bank Account, until completion of credit of the Purchase Shares into the Purchaser Depository Account.

More Definitions of Seller Bank Account

Seller Bank Account means a United States bank account designated in a writing delivered by the Seller to the Buyer at least two (2) Business Days prior to the Closing.

Seller Bank Account means the bank account into which the Purchase Price is to be deposited pursuant to Article 2.2(a), as notified by the Seller to the Purchaser in writing at least five Business Days prior to the Closing.

Seller Bank Account means one or more bank accounts to be designated by Seller in a written notice to Purchaser at least two (2) Business Days before the Closing.

Seller Bank Account means the bank account of each of the Sellers, as set out in Column V of Schedule 3 hereto;

Seller Bank Account means the bank account of the Seller with the following details:

Seller Bank Account means, with respect to each Seller, the bank account set out under such Seller’s name below: [**]

Seller Bank Account means the bank account in the name of [***], with account number [***].