Escrow Party definition

Escrow Party means each of IMTIS Holdings, ATTL, Telia Finland, TVF BTIH, CTH and Turkcell Holding.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Escrow Party has the meaning set forth in Section 7.

Escrow Party means each party to the Escrow Agreement (other than the Escrow Agent);

Examples of Escrow Party in a sentence

• The Escrow Amount shall be withheld from the Merger Consideration that would otherwise be payable to the Company Escrow Parties on a pro rata basis, as determined by reference to the portion of the Merger Consideration each Company Escrow Party is entitled to receive in the Merger as compared to all other Company Escrow Parties (each Company Escrow Party’s “Pro Rata Share”).

• Licensee on its behalf and on behalf of each other Escrow Party authorizes NCPS to immediately debit the amount of any Chargebacks from such escrow account to be returned to the Authorized User.

• Notice given to the Stockholder Representative shall constitute notice given to each Company Escrow Party.

• For Losses based on fraud by a Company Escrow Party or in which a Company Escrow Party participated, caused or had actual knowledge of at the time of its occurrence, the aggregate liability of such Company Escrow Party pursuant to Section 8.2 shall be unlimited.

• No consent, approval, filing or registration with or notice to any governmental authority is required as a condition to the validity of this Amendment or the performance of any of the obligations of such Escrow Party hereunder.

• Failing such appointment within thirty (30) days, the Escrow Agent shall be entitled to appoint such further person as process agent of the relevant Escrow Party and notify the other Parties of the name and address of such process agent.

• The Escrow Agent is not acting under this Agreement as an investment manager, trustee, nor as an investment, legal or tax adviser to any Escrow Party for which it holds Safekept Documents, and the Escrow Agent’s duty in respect of the Safekept Documents is solely to safekeep the Safekept Documents in accordance with the applicable terms of this Agreement.

• The Escrow Agent shall not under any circumstances be required to insure any Safekept Documents being so delivered and the risk of any loss or destruction of such Safekept Documents shall be borne by the Escrow Party to whom such Safekept Documents are to be delivered.

• At the time of or prior to execution of this Agreement, any Escrow Party providing a tax identification number for tax reporting purposes shall provide to the Escrow Agent a completed IRS Form W-9, and every individual executing this Agreement on behalf of an Escrow Party shall provide to the Escrow Agent a copy of a driver’s license, passport or other form of photo identification acceptable to the Escrow Agent.

• Each Escrow Party shall, if the appointment of its process agent identified in Schedule 9 (Process Agents) ceases to be effective, immediately appoint a further person in England to accept service of process on its behalf in England and notify the other Parties of the name and address of such further person.

More Definitions of Escrow Party

Escrow Party has the meaning set forth in Section 7. “Financial Services Terms” means the additional terms required by one or more of Payment Processing Provider, Payment Method Provider or Payment Method Acquirer related to specific financial services. “Fine” means any fines, levies or other charges imposed as a result of a violation of Law or this Addendum, or as permitted by the Payment Method Rules. “Legal Process” has the meaning set forth in Section 12. “NACHA” means National Automated Clearing House Association. “NACHA Operating Rules” means ▇▇▇▇▇’s operating rules that apply to the ACH network as in effect from time to time. “NCPS” has the meaning set forth in the preamble. “Networks” means payment cards such as Visa U.S.A., Inc. and Visa International, MasterCard International Incorporated, American Express and Discover Financial Services, LLC. “Network Rules” means operating rules that apply to Networks as in effect from time to time. “North Capital” has the meaning set forth in the preamble. “Payment Method” means a type of payment method accepted as part of the Payment Processing Facilitation Services, such as credit card, debit card and ACH. “Payment Method Acquirer” means a financial institution that is authorized by a Payment Method Provider to enable the use of a Payment Method by accepting Charges on behalf of the Payment Method Provider, and routing these Charges to the Payment Method Provider, such financial institution to constitute a “Subcontractor” as defined in the Agreement. “Payment Method Provider” means the provider of a Payment Method, such provider to constitute a “Subcontractor” as defined in the Agreement. “Payment Method Rules” means the guidelines, bylaws, rules and regulations imposed by the Payment Processing Provider that operate the payment processing and the Payment Method Providers and Payment Method Acquirers that operate Payment Methods supported thereby (including Network Rules and NACHA Operating Rules), as in effect from time to time, such guidelines, bylaws, rules and regulations to constitute “Documentation” as defined in the Agreement. “Payment Processing Fees” has the meaning set forth in Exhibit A. “Payment Processing Provider” means the payment processer designated by North Capital from time to time, currently Worldpay, Inc. and/or Stripe, such payment processer to constitute a “Subcontractor” as defined in the Agreement. “Payment Processing Facilitation Services” means services to process Charges through Licensee made ...

Escrow Party has the meaning set out in Clause 3.3.4;