ABC Agreement definition
Examples of ABC Agreement in a sentence
However, if the NYSE membership to which such revocation relates is subject to either an A-B-C Agreement or a Subordination Agreement, then, in order for the election to be revoked or changed, the written notice must be signed by the member and by each other party to such A-B-C Agreement or Subordination Agreement.
The ABC Agreement shall instruct that all notices be given to Seller's creditors as required by Applicable Law.
Upon mutual execution of this Agreement, Buyer shall deposit the sum of $25,000 as follows: (i) $13,000 in the form of a cashier's check, payable to Seller, with the Assets Escrow Holder, to be released to Seller on the terms of this Agreement; and (ii) $12,000, representing the Liquor Purchase Price, in the form of a cashier's check, payable to Seller, with the ABC Escrow Holder, to be released to Seller on the terms of the ABC Agreement.
In accordance with the ABC Agreement, Buyer and Seller shall execute within three (3) Business Days after the Effective Date of this Agreement and Buyer shall file at the earliest date possible with the ABC, an application for transfer of the ABC License from Seller to Buyer and issuance of a temporary permit ("Temporary Permit") to Buyer permitting the continued sale of liquor at the Premises after the Closing Date pending the final transfer of the ABC License pursuant to the ABC Agreement.
Furthermore, pursuant to this Agreement, Buyer is not acquiring Seller's interest in the ABC License, which is the subject of the separate ABC Agreement between the parties.
No individual holding his Membership pursuant to an A-B-C Agreement shall lease said Membership without the consent of the Management Committee, and any rentals paid thereon shall be remitted to the Company.
Concurrently upon execution of this Agreement, Buyer and Seller together with the ABC Escrow Holder shall execute the ABC Agreement.
The Company, in accordance with the Rules of the NYSE, has released and hereby releases the Member from any obligation to repay the funds advanced to the Member to assist him in financing his acquisition of his A-B-C Membership, except as provided in the A-B-C Agreement portion of this Agreement.
Promptly following such meeting, BellSouth shall cause the applicable BellSouth Subsidiaries to provide notice of the election, if any, in accordance with the applicable procedure in the ABC Agreement.
In order to achieve our goals, we need to extend our ABC Agreement and Procedures to all our Employees, Staff, Clients, Corporate Accounts, Worldwide Agents, Customs Brokers and all related 3rd party services Suppliers in our Supply Chain, who must strictly comply with our ABC Agreement and Procedures.