Seller’s Accounts. (a) Seller shall at all times during the term of this Agreement maintain each Restricted Account with Bank. With respect to each Restricted Account, Seller may deposit funds into the Restricted Account, however Seller shall not be permitted to withdraw, transfer or otherwise exercise any rights to access any funds held therein and Seller shall have no rights to exercise dominion or control over the Restricted Account.
Seller’s Accounts. All payments owed by the Purchaser to the Sellers under this Agreement shall be paid into the following bank accounts (the Sellers’ Accounts) (or any other account nominated by the respective Seller to the Purchaser in writing at least three (3) Business Days prior to due date of such payment):
Seller’s Accounts. Seller and Buyer acknowledge and agree that all customer accounts receivable of Seller that arose prior to the Closing Date (including those arising from Retained Engagements), and all trade accounts receivable of Seller and all rebates receivable from vendors arising at any time (except the sales relating to Inventory in Transit)(the "Accounts Receivable") are and shall remain the assets of Seller. Seller represents and warrants to Buyer that there are no Accounts Receivable relating to the Transferred Engagements. Subject to the rights of Buyer contained in the last sentence of this Section 5.8(a), Seller shall have sole and exclusive authority to invoice and collect Accounts Receivable and to issue correction invoices and credit memos with respect to such accounts, and nothing in this Agreement shall prevent Seller from retaining all rights of a creditor under applicable law, including, without limitation, the right to take legal action against its account debtors seeking to collect amounts owed. Seller shall use its commercially reasonable efforts to keep Buyer reasonably informed of any disputes with any customers relating to Accounts Receivable and Seller's denial of any customer request for a credit or correction with respect to an Account Receivable.
Seller’s Accounts. (i) All payments owed by a Purchaser to Clariant Produkte under or in connection with this Agreement shall be paid to the account set forth in Exhibit 8.2(a)(i) or any other bank account notified by Clariant Produkte in writing no later than five (5) Business Days prior to the due date of such payment (the "Clariant Produkte Account").
Seller’s Accounts. Payment by the Buyer into the Seller’s Account(s) under this Agreement shall constitute payment by the Buyer to the Seller and satisfaction of the Buyer’s obligation to pay all the amounts that the Buyer is obligated to pay under this Agreement. Once the Buyer completes a payment into the Seller’s Account(s), the Buyer shall have no liability or obligation relating to the allocation or distribution of funds from such the Seller’s Account(s). The Seller has provided to the Buyer all the relevant, identifying information on the bank accounts of the Seller representing the “Seller’s Account(s)”, and all such information has been correctly set forth in the Flow of Funds.
Seller’s Accounts. (a) The Company keeps for the Seller the following accounts: a fixed capital account (Festkapitalkonto) and a reserve account (Rücklagenkonto) (hereinafter collectively referred to as the "Seller's Capital and Reserve Accounts") as well as a loan account (Darlehenskonto) for loans granted by the Seller to the Company and a private account (Privatkonto) as well as a separate loss carry forward account (Verlustvortragskonto) (hereinafter collectively referred to as the "Seller's Loan and Private Accounts"). The Seller's Loan and Private Accounts shall include the profits of the Company in the amount of EUR 770,000.00 pertaining to the Seller for the period October 1, 2010 until and including March 31, 2011.
Seller’s Accounts. (a) Seller shall at all times during the term of this Agreement maintain each Restricted Account with Bank. With respect to each Restricted Account, Seller may deposit funds into the Restricted Account, however Seller shall not be permitted to withdraw, transfer or otherwise exercise any rights to access any funds held therein and Seller shall have no rights to exercise dominion or control over the Restricted Account; provided that, at any time no Event of Default has occurred and be continuing, Bank shall release, at the request of the Seller, any amounts on deposit in the Restricted Accounts in excess of the amounts expressly required to be on deposit therein pursuant to the terms of this Agreement.
Seller’s Accounts. Each Seller covenants and agrees (i) to direct each Obligor to pay all amounts owing under such Purchased Receivables only to the applicable Seller’s Account, (ii) not to change such payment instructions while any Purchased Receivable remains outstanding other than to instruct the applicable Obligor to pay all amounts owing under such Purchased Receivable to the applicable Seller’s Account, (iii) to take any and all other reasonable actions, including actions reasonably requested by the Purchaser, to ensure that (A) all amounts owing under the Purchased Receivables will be deposited exclusively to the applicable Seller’s Account or directly to the Settlement Account and (B) no amounts paid to such Seller by an obligor other than an Obligor shall be deposited into the Seller’s Account of such Seller and (iv) to hold in trust as the Purchaser’s exclusive property and safeguard for the benefit of the Purchaser all Collections and other amounts remitted or paid directly to such Seller (or any of its Affiliates) in respect of Purchased Receivables for prompt deposit into the Settlement Account in the manner set forth in Section 5.9 below. Each Seller hereby grants to the Purchaser a security interest in the Seller’s Account of such Seller as additional collateral to secure the payment and performance of such Seller’s obligations to the Purchaser hereunder and under each of the other Facility Documents or as may be determined in connection therewith by applicable Law. Prior to the occurrence of any Termination Event, each Seller shall be permitted to make withdrawals and distributions from such Seller’s Seller’s Account. After the occurrence of any Termination Event, the Purchaser will be authorized to take exclusive control of each Seller’s Account and, upon taking exclusive control, will have exclusive authority to make withdrawals and distributions from each Seller’s Account until the Final Collection Date subject to Section 5.10. For the avoidance of doubt, any liens on any amounts transferred or withdrawn from any Seller’s Account with respect to Collections on non-Purchased Receivables shall be automatically terminated and released concurrently with such transfer or withdrawal.
Seller’s Accounts. All payments owed by Purchaser to Sellers under this Agreement shall be paid by Purchaser by wire transfer to Sellers bank set forth below (herein “Sellers’ Accounts”):
Seller’s Accounts
