Seller Deposit definition

Seller Deposit means at any time that amount of the Set-Off Account that comprises deposits made by CBA in accordance with clauses 15.3(a) and 15.4(b) which have not been utilised pursuant to clause 15.8(b) or repaid pursuant to clauses 15.4(a), 15.6 and 15.7.
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Seller Deposit. This term shall have the meaning set forth in Section 6.02(c)(ii).
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Seller Deposit means at any time that amount of the Set-Off Account that comprises deposits made by the Seller in accordance with clause 15.3(a).
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Examples of Seller Deposit in a sentence

  • Amounts deposited into the Seller Deposit Account shall be in United States dollars.

  • Any penalties described on a "B" notice from the IRS or any similar penalties that relate to the Seller Deposit Liabilities opened by Seller prior to the Closing Date will be paid by Seller promptly upon receipt of the notice (subject to Seller's rights to contest such penalties).

  • The parties further agree to consult and cooperate with each other and to get the prior approval of the other regarding press releases and other media releases in connection with the transaction contemplated by this Agreement and to otherwise cooperate to effect the smooth transition of the Seller Assets and Seller Deposit Liabilities to Purchaser.

  • Seller is in material compliance with all terms and conditions and other documentation applicable to the Seller Deposit Liabilities.

  • Over-the-counter returned items are those items that are included within the Seller Deposit Liabilities transferred to Purchaser but that are returned unpaid to Seller after the Closing Date.

  • After making the Required Seller Deposit in accordance with Section 5.10(c) hereof, on the Initial Closing Date or a Subsequent Closing Date, as the case may be, each Seller participating in such Closing shall transfer to the Buyer's Qualified Decommissioning Fund and Buyer's Nonqualified Decommissioning Fund the assets of such Seller's Qualified Decommissioning Fund and Nonqualified Decommissioning Fund, as applicable.

  • Assume and thereafter discharge the "Seller Deposit Liabilities" (as hereinafter defined).

  • To the best of Seller's knowledge, there are not any "kiting" schemes associated with any of the Seller Deposit Liabilities.

  • Seller shall comply with all federal and state income tax reporting requirements with respect to the Seller Deposit Liabilities and interest paid thereon through the Closing.

  • On the Closing Date, Seller shall provide a final customer list of the Seller Deposit Liabilities.


More Definitions of Seller Deposit

Seller Deposit means at any time that amount of the Set-Off Account that comprises deposits made by the Seller in accordance with clauses 15.3(a) and 15.4(b) which have not been utilised pursuant to clause 15.8(b) or repaid pursuant to clauses 15.4(a), 15.6 and 15.7.
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Seller Deposit has the meaning given to that term in clause 25.5(a).
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Related to Seller Deposit

  • Transfer Deposit Amount has the meaning given to it in Section 2.02(b).

  • Indemnity Escrow Amount means $3,000,000.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Closing Payment has the meaning set forth in Section 2.2(a).

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Purchase Price Adjustment Escrow Amount means $3,000,000.

  • Holdback Amount has the meaning set forth in Section 2.06(a).

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Adjustment Escrow Amount means $1,000,000.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Closing Payment Amount shall have the meaning set forth in Section 3.1(a).

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Adjustment Escrow Funds means the amounts held in the Adjustment Escrow Account, including any dividends, interest, distributions and other income received in respect thereof, less any losses on investments thereof, less distributions thereof in accordance with this Agreement and the Escrow Agreement.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Escrow Cash is defined in Section 4.1(a).

  • Buyers Premium means a Commission payable by The Buyer to the Auctioneer. The Auctioneer, when acting as Agent for The Seller, may also receive

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C of the Plan.