Deleted Accounts Clause Samples
The "Deleted Accounts" clause defines the procedures and consequences related to the removal or deactivation of user accounts within a system or service. Typically, this clause outlines the conditions under which an account may be deleted, such as user request, inactivity, or violation of terms, and specifies what happens to the user's data and access rights after deletion. Its core function is to clarify the rights and responsibilities of both parties regarding account termination, ensuring transparency and managing expectations about data retention and service access.
Deleted Accounts. The Settlement Administrator shall also include in the Class Notice List any AdvancePay Accountholder who may be identified from GTL’s monthly breakage reports as having a positive account balance that was reduced to $0.00 due to account inactivity for 180 days or less on or after April 3, 2011 but for whom GTL deleted or otherwise did not retain the AdvancePay Accountholder’s transaction-history record (“Deleted Account”). Credit card data shall not be used to exclude any Deleted Account from the Class Notice List. GTL retains the right to present evidence to Class Counsel and the Claims Administrator on the eligibility of a person claiming to be a Class Member and subject to this provision.
Deleted Accounts. (i) The Parties acknowledge that prior to the date hereof, WISG has established its own bank accounts for disbursements in connection with the operation of the business of the Companies and that the Companies shall not, from and after the Closing, make deposits to or draw funds from or otherwise access the disbursement bank accounts identified below as Deleted Accounts, except as expressly otherwise provided herein. Accordingly, Schedule 3.26 of the Purchase Agreement is hereby amended by deleting therefrom the following accounts, collectively referred to herein as the “Deleted Accounts”: Industrial Services A/P 3270592092 Industrial Services P/R 3270592100 Specialty Services A/P 3268664804 Specialty Services P/R 3268664796 Plant Services A/P 3268664820 Plant Services P/R 3268664812
(ii) From and after the Closing, Seller is authorized to, and shall, deposit sufficient funds in the Deleted Accounts to insure payment of checks that were issued by Seller or any of the Companies prior to Closing from the Deleted Accounts. Such Deleted Accounts shall be closed by Purchaser, with reasonable cooperation by Seller, on or about the 30th day after the Closing Date. Purchaser agrees to use its commercially reasonable efforts to cause its and the Companies’ employees not to issue checks on the Deleted Accounts commencing on the Closing Date; provided, however, the Parties acknowledge that after the Closing some check stock for the Deleted Accounts may be in the possession of employees of the Purchaser or Companies. In the event that checks on any of the Deleted Accounts are issued by any employee of Purchaser or of the Companies on or after the Closing Date, Seller agrees to use commercially reasonable efforts to cause Bank of America, N.A. to honor such checks and Purchaser agrees to reimburse Seller (in accordance with Seller’s instructions) the amount of such checks within two (2) Business Days after Seller presents Purchaser with written documentation, reasonably satisfactory to Purchaser, of the payment of any such checks from the Deleted Accounts. Purchaser shall have no right of set-off, recoupment or counterclaim or any other defense to the timely payment to Seller of amounts due and owing to Seller pursuant to this Section 11(a). In the event Purchaser fails to pay an amount due and owing to Seller pursuant to this Section 11(a) when due, Purchaser shall pay to Seller interest on such amount at the rate of ten percent (10%) per annum from the expiration of s...