Upon Seller definition

Upon Seller s receipt of any cash, securities, or other property distributed on account of or in connection with the Assigned Rights, Seller shall hold the same in trust for Buyer and shall deliver the same to Buyer promptly (where possible in the form received), endorsed (where necessary) without recourse to Seller. Any payments made to Buyer hereunder shall be made in immediately available funds by wire transfer to Buyer in accordance with the following wire instructions: Fleet Bank 00 Xxxxx Xxxxxxx Xxxxxx Xxxxxxxxx, Xxx Xxxx 00000 ABA No: 000000000 Acct: 2369664279 Reference: Transworld Home HealthCare, Inc.
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Upon Seller s receipt of the First Extension Payment, Buyer shall have a non-exclusive revocable license to operate a production studio business at the Real Property in accordance with all applicable laws. Buyer agrees to provide Seller with evidence of insurance coverage(s) in the amounts which are customarily carried by a business of the size and nature of the business carried on by Buyer at the Real Property. If the Closing of the transaction contemplated by the Contract fails to occur on November 30, 2005, the revocable license described above shall terminate immediately and Buyer shall vacate the Real Property. If Buyer fails to vacate the Real Property in accordance with this Section 8, Seller shall have the right to pursue an action for possession and Buyer shall pay a monthly usage fee to Seller in the amount of $10,000 for any month or portion of a month whereby Buyer fails to vacate or in the event of any other default by Buyer under the Contract as amended by this Amendment.
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Upon Seller s Breach or upon Seller's refusal to proceed with the transaction due to the Assignment of the Purchase Agreement to the Assignee, Assignee shall give prompt written notice thereof to Assignor, and in such notice, it shall specify whether or not Assignee elects to pursue specific performance under the Purchase Agreement (and any failure to affirmatively so to elect to pursue specific performance, within five (5) days of the Assignee receiving notice of the Seller's breach or refusal to proceed, shall conclusively be deemed to be an election not to pursue specific performance). If Assignee elects (or is deemed to have elected) not to pursue specific performance, the Reassignment shall occur and the Assignment Deposit and, if then made, the Purchase Deposit shall be paid to Assignee (as set forth in a writing signed by Assignee and Assignor). If Assignee elects to pursue specific performance, then the Escrow Agent shall continue to hold the
Sample 1

Examples of Upon Seller in a sentence

  • Upon Seller providing notice to Buyer of Seller’s intent to cancel, the Contract shall become null and void upon the fourth day following delivery of notice.

  • Upon Seller receipt of amounts properly invoiced, Seller waives and releases all rights to, for itself and its subcontractors, and at its sole cost shall obtain prompt removal of any lien fixed against Buyer, for Goods or Services performed under this Order.

  • Upon Seller providing notice to Buyer of Seller’s intent to cancel, the Contract shall terminate upon the fourth day following delivery of notice.

  • There are no other representations, warranties, explanations, arrangements or understandings, (whether written or oral, express or implied) between the Parties which qualify or supplement the written terms of the Settlement Package.

  • Upon Seller shall provide Buyer with thirty (30) days' advance written notice in the event of a cancellation or material change in Seller's insurance policy.

  • Upon Seller delivering notice to Buyer of Seller’s intent to cancel, the Contract shall become null and void upon the fourth day following delivery of notice.

  • Upon Seller purchasing any Third Party Products, the pricing and incentives on Exhibits C, D, E and G shall adjust, as applicable, as provided in such Exhibit(s).

  • Upon Seller acquiring the Servicing Rights, the Seller may, at its option, terminate the servicing responsibilities of Xxxxx Xxxxx Xxxx, X,X., as Servicer hereunder with respect to any such Mortgage Loans without cause.

  • Upon Seller giving the notice to proceed with the construction of the Facility and again within thirty (30) days after the Commercial Operation Date, or the delivery of the Additional Construction IE Certificate, as applicable, Seller shall provide Buyer with updated versions of Exhibit A to reflect the as-built Facility, including the Actual Facility Size.

  • Upon Seller providing notice to Buyer, or Buyer’s Broker if applicable, of Seller’s intent to cancel, the Contract shall become null and void upon the fourth day following delivery of notice.


More Definitions of Upon Seller

Upon Seller s payment as described above, Buyer shall assign its right, title and interest in and to the corresponding Accounts Receivable to Seller.
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Upon Seller s receipt of such notice, but not earlier than the Petition Date, Seller shall send out for execution an SNDA which shall provide in substance that so long as the lease is in effect and Buyer is not in breach or default beyond applicable grace periods thereunder: (i) Buyer shall not be joined as a party defendant in any foreclosure action or proceeding which may be instituted by or taken by the holder of such superior mortgage, and (ii) Buyer shall not be evicted from the leased property nor shall Buyer's leasehold estate under the lease be terminated or disturbed nor shall any of Buyer's rights under the lease be affected by reason of any default under such superior mortgage, any disaffirmance of such superior mortgage, or other termination of such superior mortgage. Seller agrees to use reasonable commercial efforts to obtain the execution of the SNDA's from such mortgage holders; provided that Seller's failure to obtain execution of SNDA's shall not be a breach of or default under this Agreement and the obtaining of such executed SNDA's is not a condition to Buyer's obligations under this Agreement. Seller agrees to periodically deliver to Buyer copies of executed SNDA's as they are received by Seller.
Sample 1
Upon Seller or Buyer or upon any affiliated entity). If the FCC Consents impose any condition on either party hereto, such party shall use its best efforts to comply with such condition; provided, however, that neither party shall be required hereunder to comply with any condition that would have a material adverse effect upon it or any affiliated entity. If reconsideration or judicial review is sought with respect to the FCC Consents, the party affected shall vigorously oppose such efforts for reconsideration or judicial review; provided, however, that nothing herein shall be construed to limit either party's right to terminate this Agreement pursuant to Article 17 hereof.
Sample 1
Upon Seller s transfer of the Purchased Assets to Purchaser pursuant to this Agreement, Purchaser will have good and marketable title to all the Purchased Assets free and clear of any Encumbrances, except as set forth on Schedule 3.6 and as set forth in the Premises Lease Agreements."
Sample 1

Related to Upon Seller

  • Primary Seller means the Seller whose Bid City selected as the principal supplier of the Goods and/or Services required under this Agreement.

  • the Seller means the person so described in the Order;

  • Warranty Purchaser The Person described in Section 2.04 of the Trust Sale Agreement.

  • Secondary Seller means the Seller whose Bid City selected as a back-up supplier in the event the Primary Seller is unable to provide all the Goods and/or Services required.

  • The Purchaser means the organization purchasing the Goods, as named in SCC.

  • Purchaser means the organization purchasing the goods.

  • Loan Seller With respect to any Mortgage Loan, the entity that sold such Mortgage Loan to the Transferor.

  • Model 4 seller means a seller that is registered under the agreement and is not a model 1 seller, model 2 seller, or model 3 seller.

  • Seller has the meaning set forth in the Preamble.

  • Receivables Sellers means the Company and those Subsidiaries (other than Receivables Entities) that are from time to time party to the Permitted Receivables Facility Documents.

  • Receivables Seller means the Borrower or those Subsidiaries that are from time to time party to the Permitted Receivables Facility Documents (other than any Receivables Entity).

  • Transferors means the entities acting as Transferors under the Pooling and Servicing Agreement.

  • Seller’s Share of any amount means the greater of: (a) $0 and (b) such amount minus the product of (i) such amount multiplied by (ii) the Purchased Interest.

  • Retail seller means any person that sells any dangerous drug to consumers without assuming control over and responsibility for its administration. Mere advice or instructions regarding administration do not constitute control or establish responsibility.

  • Mortgage Loan Seller Each of CREFI, GACC and JPMCB, and their respective successors in interest.

  • Other Sellers shall have the meaning set forth in Section 10.4.

  • Mortgage Loan Seller Sub-Servicer A Sub-Servicer required to be retained by the Master Servicer by a Mortgage Loan Seller, as listed on Exhibit S to this Agreement, or any successor thereto.

  • Servicing Rights Pledgee One or more lenders, selected by the Servicer, to which the Servicer may pledge and assign all of its right, title and interest in, to and under this Agreement.

  • Model 1 seller means a seller registered under the agreement that has selected a certified service provider as the seller's agent to perform all of the seller's sales and use tax functions for agreement sales and use taxes other than the seller's obligation under Section 59-12-124 to remit a tax on the seller's own purchases.

  • Procuring Entity/Purchaser means a Entity having administrative and financial powers to undertake Procurement of Goods, Works or Services using public funds, as specified in the PCC;

  • Sellers has the meaning set forth in the preamble.

  • Servicing Rights means rights of any Person, to administer, service or subservice, the Purchased Assets or to possess related Servicing Records.

  • Model 2 seller means a seller registered under the agreement that:

  • BIDDER/Seller which expression shall mean and include, unless the context otherwise requires, his successors and permitted assigns) of the second part.

  • Selling Party has the meaning set forth in the definition of “Net Sales.”

  • Receivables Purchase Price means $1,375,000,017.71.