Examples of Seller Letter in a sentence
Indebtedness of the Companies (other than Indebtedness described in Schedule 7.01) to Sellers incurred in connection with Permitted Acquisitions which (a) has terms and conditions satisfactory to the Agent and (b) is not secured other than by a Seller Letter of Credit.
The Letter of Credit shall be for a minimum term of two (2) years (or one (1) year with a right to renew for a second year and provisions allowing the Seller Letter of Credit to be drawn on if not renewed within thirty (30) days prior to its expiration).
The Seller Letter of Credit shall be issued by Bank of America, N.A., or a comparable bank or financial institution acceptable to Buyer in its sole discretion.
The Seller Letter of Credit shall provide that it may be drawn upon by written notice from Deposit Holder.
When a reference is made in this Agreement to a party or to an Article, Section, Annex, Exhibit or the Seller Letter, such reference shall be to a party to, an Article or Section of, or an Annex, Exhibit or the Seller Letter to, this Agreement, unless otherwise indicated.
The Seller Letter of Credit shall be held by Escrow Agent pursuant to an Escrow Agreement in the form attached hereto as Exhibit E modified to conform to the terms of this Agreement and as required by Title Company when Title Company holds a letter of credit.
Section 3.07(a) of the Seller Letter sets forth a complete and correct list, as of the date of this Agreement, of all real property and interests in real property of which any Transferred Entity is a lessee, sublessee, licensee or occupant or that are otherwise utilized by the Business (each, a “Leased Property”), including the name of the Transferred Entity leasing each such Leased Property (each a “Leasing Entity”).
Section 3.14(a)(i) of the Seller Letter is a complete and correct list, as of the date of this Agreement, of each material Seller Benefit Plan and each material Seller Benefit Agreement.
Except as set forth in Section 3.24 of the Seller Letter, as of the date of this Agreement, there are no existing or, to the knowledge of the Seller, threatened, product liability, warranty or other similar claims in excess of $50,000 against the Business alleging that any Business Product is defective or fails to meet any product or service warranties or guaranties.
Section 5.19 of the Seller Letter contains a complete and accurate list of all registered and unregistered Marks owned by the Seller (“Seller Marks”), Seller Software and Copyrights owned by the Seller (“Seller Copyrights”).