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 ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ABA No: ▇▇▇▇▇▇▇▇▇ Acct: 2369664279 Reference: Transworld Home HealthCare, Inc.
View Source
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.
View Source
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."
View Source

Examples of Upon Seller in a sentence

  • 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 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 ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇,▇., as Servicer hereunder with respect to any such Mortgage Loans without cause.

  • 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.

  • NOTE: Upon Seller notification of noncompliance with the terms of this clause and the provision of specific information related to the source of the noncompliance, Buyer will facilitate management of the allowance for up to 2% otherwise noncompliant specialty metal content in the end item.

  • 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 notification to Buyer of Vendor Authorization, Buyer shall accept Certificates of Conformance and Memorandums of Shipments from and Seller authorized subsidiary/affiliate as satisfaction of Seller’s requirements for these documents.

  • Upon Seller obtaining No Further Action Status, Seller shall have no further obligation to investigate or remediate the Known Environmental Conditions unless further investigation or remediation with respect to the Known Environmental Conditions is required by Environmental Law or subsequently is required by a Governmental Entity.

  • Upon Seller' request, Buyer will keep Seller informed of Buyer's progress before such governmental or utility authorities and provide Seller with copies of all documents sent or received regarding the Subject Property, and shall provide Seller with at least seven (7) days notice of Buyer's appearance at any public hearing regarding Buyer's plans for the Subject Property.


More Definitions of Upon Seller

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
View Source
Upon Seller s payment as described above, Buyer shall assign its right, title and interest in and to the corresponding Accounts Receivable to Seller.
View Source
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.
View Source
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.
View Source

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.