Seller Designated Account definition

Seller Designated Account means with respect to each Seller, the bank account as set forth next to such Seller’s name on Exhibit I hereto.
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Seller Designated Account means any one of them;
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Seller Designated Account means with respect to each Seller, the bank account as set forth next to such Seller's name on Exhibit I hereto.
Sample 1

Examples of Seller Designated Account in a sentence

  • US$36,180,000, being the amount of the Initial Purchase Price less the Escrow Amount, shall be deposited in full by wire transfer into the Seller Designated Account.

  • Subject to the terms and conditions of the Escrow Agreement, 50% of the Escrow Amount shall be released and disbursed to the Seller Designated Account at the earlier of (i) the early termination of Transitional Services Agreement pursuant to the terms thereof, and (ii) the 90th day following the Completion Date, and the amount of the Escrow Amount remained held in the Escrow Account shall be released and disbursed to the Seller Designated Account upon the expiry of 12 months from the Completion Date.

  • Under the circumstances as described in b) above, the Purchaser Charge over Target Assets (as defined in Section 2.4 (8) below) granted by the Purchaser in favor of the Seller in accordance with Section 2.4 (8) herein below shall terminate as of the date on which the Purchase Price is received in full in the Seller Designated Account, and the Seller must sign all documents as requested by the Purchaser to acknowledge the release of such charge.

  • Under the circumstances as described in either a) or b) above, on the date on which the Escrow Money is received in the Purchaser Escrow Account, the Purchaser and the Seller shall sign and submit jointly to the Escrow Bank the documents for releasing the Escrow Money as required by the Escrow Agreement, so as to instruct the Escrow Bank to pay by remittance the Escrow Money as Purchase Price to the Seller Designated Account.


More Definitions of Seller Designated Account

Seller Designated Account means the following bank account: Bank: [________]
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Seller Designated Account has the meaning given in clause 14.5(a)(i) (Payments under this agreement);
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Seller Designated Account has the meaning given in clause 15.6;
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Related to Seller Designated Account

  • Nominated Account means any of the accounts nominated by you from time to time for use with phone banking, internet banking or Credit External payments.

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.