Transition Accounts Sample Clauses

Transition Accounts. If this Agreement terminates at any time prior to transition of the AMD Transitional Support Customers to Fujitsu pursuant to Section 2.1, then FASL may elect to transition such AMD Transitional Support Customers effective upon the Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as ****. A complete version of the exhibit has been filed separately with the Securities and Exchange Commission. termination date either to be supported by FASL or by any other distributor that FASL may choose, regardless of the time periods or other requirements that may be set forth in Section 2.1 above. Unless termination resulted from a material breach by FASL, then AMD agrees to use Best Efforts to facilitate the transition of customers to Fujitsu.
Sample 1Sample 2
AutoNDA by SimpleDocs
Transition Accounts. If this Agreement terminates at any time prior to transition of the AMD Transitional Support Customers to Fujitsu pursuant to Section 2.1, then FASL may elect to transition such AMD Transitional Support Customers effective upon the termination date either to be supported by FASL or by any other distributor that FASL may choose, regardless of the time periods or other requirements that may be set forth in Section 2.1
Sample 1
Transition Accounts. On or prior to July 1, 2005, 24/7 shall identify twenty Advertising accounts to which 24/7 has sold Advertising on Xxxxx.xxx (the “24/7 Accounts”), in respect of which Lycos will pay 24/7 an amount equal to 35% of the Net Advertising Sales Revenue (“Transition Commission 1”) generated from the 24/7 Accounts on Xxxxx.xxx for each of the months individually of July 2005 and August 2005, and an amount equal to 17.5% of the Net Advertising Sales Revenue (“Transition Commission 2”) generated from those 24/7 Accounts on Xxxxx.xxx for each of the months individually of September, 2005 and October, 2005. Payments associated with each of the months within Transition Commission 1 will be paid by Lycos to 24/7 no later than October 15, 2005. Payments associated with each of the months within Transition Commission 2 will be paid by Lycos to 24/7 no later than December 15, 2005. Each of Lycos’ Transition Commission 1 payment obligations to 24/7 shall not exceed one-sixth (1/6) of the gross revenues generated from the 24/7 Accounts during the period January 1, 2005 to June 30, 2005 multiplied by 35%. Each of Lycos’ Transition Commission 2 payment obligations to 24/7 shall not exceed one-sixth (1/6) of the gross revenues generated from the 24/7 Accounts during the period January 1, 2005 to June 30, 2005 multiplied by 17.5%. On or prior to January 1, 2006, 24/7 shall identify twenty Advertising accounts to which 24/7 has sold Advertising on Xxxxx.xxx (the “24/7 Quote Accounts”), in respect of which Lycos will pay 24/7 an amount equal to 35% of the Net Advertising Sales Revenue (“Transition Quote Commission 1”) generated from the 24/7 Quote Accounts on Xxxxx.xxx for each of the months individually of January 2006 and February 2006, and an amount equal to 17.5% of the Net Advertising Sales Revenue (“Transition Quote Commission 2”) generated from those 24/7 Quote Accounts on Xxxxx.xxx for each of the months individually of March 2006 and April 2006. Payments associated with each of the months within Transition Quote Commission 1 will be paid by Lycos to 24/7 no later than April 15, 2006. Payments associated with each of the months within Transition Quote Commission 2 will be paid by Lycos to 24/7 no later than June 15, 2006. Each of Lycos’ Transition Quote Commission 1 payment obligations to 24/7 shall not exceed one-sixth (1/6) of the gross revenues generated from the 24/7 Quote Accounts during the period July 1, 2005 to December 31, 2005 multiplied by 35%. Each of Lycos’ T...
Sample 1

Related to Transition Accounts

  • Collection Accounts Section 3.11 Withdrawals from the Collection Accounts..................... Section 3.12 Investment of Funds in the Collection Accounts and the Distribution Account......................................... Section 3.13 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage........................................ Section 3.14 Enforcement of Due-on-Sale Clauses; Assumption Agreements.... Section 3.15

  • Retention Account credits and withdrawals

  • Establishment of Custodial Accounts; Deposits in Custodial Accounts The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts. The creation of any Custodial Account shall be evidenced by a Custodial Account Letter Agreement in the form of Exhibit 7. The Seller shall deposit in the Custodial Account on a daily basis, and retain therein the following payments and collections received by it subsequent to the Cut-off Date, or received by it prior to the Cut-off Date but allocable to a period subsequent thereto, other than in respect of principal and interest on the Mortgage Loans due on or before the Cut-off Date:

  • Collection Account and Distribution Account (a) On behalf of the Trust Fund, the Servicer shall establish and maintain, or cause to be established and maintained, one or more accounts (each such account or accounts, a “Collection Account”), held in trust for the benefit of the Trustee and the Certificateholders. On behalf of the Trust Fund, the Servicer shall deposit or cause to be deposited in the related clearing account (which account must be an Eligible Account) in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Servicer’s receipt thereof, and shall thereafter deposit in the Collection Account, in no event more than two Business Days after the deposit of good funds into the clearing account, as and when received or as otherwise required hereunder, the following payments and collections received or made by it subsequent to the related Cut-off Date (other than in respect of principal or interest on the Mortgage Loans due on or before the related Cut-off Date, or payments (other than Principal Prepayments) received by it on or prior to the related Cut-off Date but allocable to a Due Period subsequent thereto):

  • Withdrawals from the Collection Account and Distribution Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.03:

  • Establishment of Custodial Account; Deposits in Custodial Account The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts (collectively, the “Custodial Account”), titled “PrimeLending, in trust for Redwood Residential Acquisition Corporation as Purchaser of Mortgage Loans and various Mortgagors.” Such Custodial Account shall be an Eligible Account established with a commercial bank, a savings bank or a savings and loan association (which may be a depository affiliate of the Seller) which meets the guidelines set forth by the FHFA, Fxxxxx Mxx or Fxxxxxx Mac as an eligible depository institution for custodial accounts. The Custodial Account shall not be transferred to any other depository institution without the Purchaser’s approval, which shall not unreasonably be withheld. In any case, the Custodial Account shall be insured by the FDIC in a manner which shall provide maximum available insurance thereunder and which may be drawn on by the Seller. The Seller shall deposit in the Custodial Account on a daily basis, and retain therein the following payments and collections received or made by it subsequent to the related Cut-off Date (other than in respect of principal and interest on the Mortgage Loans due on or before the related Cut-off Date):

  • Completion Accounts As at the Completion Accounts Date, the Company will have no liabilities known, actual or contingent (including contingent liabilities) which are not disclosed, noted or provided for in the Completion Accounts or included for the computation of the Net Amount in accordance with Clause 3.03.

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"):

  • Custodial Accounts; Distribution Account (a) On or prior to the Closing Date, the Master Servicer shall have caused each Servicer to establish and maintain one or more Custodial Accounts, as provided in the related Purchase and Servicing Agreement, into which all Scheduled Payments and unscheduled payments with respect to the related Mortgage Loans, net of any deductions or reimbursements permitted under the related Purchase and Servicing Agreement, shall be deposited. On each Distribution Account Deposit Date, the Servicers shall remit to the Securities Administrator for deposit into the Distribution Account, all amounts so required to be deposited into such account in accordance with the terms of the related Purchase and Servicing Agreements.

  • Establishment of a Lockbox Account, Dominion Account All proceeds of Collateral shall be deposited by Borrower into either (i) a lockbox account, dominion account or such other “blocked account” (“Blocked Accounts”) established at a bank or banks (each such bank, a “Blocked Account Bank”) pursuant to an arrangement with such Blocked Account Bank as may be selected by Borrower and be acceptable to Agent or (ii) depository accounts (“Depository Accounts”) established at Agent for the deposit of such proceeds. Borrower, Agent and each Blocked Account Bank shall enter into a deposit account control agreement in form and substance satisfactory to Agent directing such Blocked Account Bank, upon notice from Agent, to transfer such funds so deposited to Agent, either to any account maintained by Agent at said Blocked Account Bank or by wire transfer to appropriate account(s) of Agent. All funds deposited in such Blocked Accounts shall immediately become the property of Agent and Borrower shall obtain the agreement by such Blocked Account Bank to waive any offset rights against the funds so deposited. Neither Agent nor any Lender assumes any responsibility for such blocked account arrangement, including any claim of accord and satisfaction or release with respect to deposits accepted by any Blocked Account Bank thereunder. All deposit accounts and investment accounts of Borrower are set forth on Schedule 4.15(g). Notwithstanding anything to the contrary set forth in this Section 4.15(g), Borrower shall be permitted to deposit checks or other payments received at Borrower’s locations in the Ordinary Course of Business in deposit accounts which may not be subject to a blocked account or similar agreements; provided that, at no time shall Borrower have more than $50,000 in the aggregate in all such accounts which are not Blocked Accounts or Depository Accounts.

Time is Money Join Law Insider Premium to draft better contracts faster.