Transferred Bank Accounts definition

Transferred Bank Accounts means the bank accounts of the Companies.
Transferred Bank Accounts has the meaning set forth in Section 1.05(b)(v).
Transferred Bank Accounts shall have the meaning set forth in Section 9.7(a).

Examples of Transferred Bank Accounts in a sentence

  • Within three (3) business days after Buyer's request, to the extent not included as a current liability in the Final Closing Statement, Parent will reimburse Buyer (by wire transfer to Buyer's bank account notified by Buyer to Parent) for all such amounts funded by Buyer in respect of checks or debit electronic funds transfers that are outstanding at the close of business on the Closing Date and presented for payment at or after the Effective Time in such Transferred Bank Accounts.

  • Buyer agrees that Seller may remove all or a portion of the other cash held in the Transferred Bank Accounts prior to the Closing; provided however, it is understood that notwithstanding any contrary provision in the Asset Purchase Agreement any cash balances in the Transferred Bank Accounts shall be included as an asset on the Final Audited Closing Statement of Net Assets.

  • Acquiror will not revoke access privileges of Seller employees to the Transferred Bank Accounts until at least 10 Business Days after the Closing Date.


More Definitions of Transferred Bank Accounts

Transferred Bank Accounts means the bank accounts of the Company.
Transferred Bank Accounts has the meaning set forth in Section 1.1(a)(xii).
Transferred Bank Accounts has the meaning given in Annex A.
Transferred Bank Accounts means the bank accounts Related to the Business, details of which are listed in Annex E. “Transferred Contracts” means, other than the Assumed IP Licenses, the Transferred Leases and the Transferred Real Property Contracts, all Contracts that are Related to the Business and to which a Selling Party (or any of its Affiliates) or Transferred Entity is a party; provided that the Transferred Contracts shall not include any Shared Contracts or any Contracts that are Excluded Assets. “Transferred Employee” has the meaning set forth in Section 9.01(a).

Related to Transferred Bank Accounts

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Nominated Bank Account means MDL’s bank account as notified by MDL to the other Party from time to time.

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Seller in a written notice to the Purchaser at least five Business Days before the Closing.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Collection Accounts As defined in Section 3.10(a).

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Accounts means all presently existing and hereafter arising accounts, contract rights, and all other forms of obligations owing to Borrower arising out of the sale or lease of goods (including, without limitation, the licensing of software and other technology) or the rendering of services by Borrower, whether or not earned by performance, and any and all credit insurance, guaranties, and other security therefor, as well as all merchandise returned to or reclaimed by Borrower and Borrower's Books relating to any of the foregoing.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Agency Account(s means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1 hereof.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Lockboxes has the meaning set forth in Section 2.7.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Assumed Deposits means Deposits.