GTTA definition
Examples of GTTA in a sentence
GTTA shall direct each Account Debtor (and each depository institution where proceeds of Accounts are on deposit) to remit payments with respect to the Accounts to a lockbox account established with Bank or to wire transfer payments to a cash collateral account that Bank controls (collectively, the “Lockbox”).
Any event of default or material breach occurs under any agreement between any Affiliate of Borrower that is not a Loan Party and Bank, including, without limitation, any event of default occurring under that certain Loan and Security Agreement, dated as of the date hereof, by and among Bank, GTTI, GTTA, WBS, PEINC and PEUSA, as the same may be amended from time to time.
Upon receipt by GTTA of any such proceeds, GTTA shall immediately transfer and deliver same to Bank, along with a detailed cash receipts journal.
The Purchaser and WBS LLC shall be entitled to retain, without compensation to the Sellers, any Recovered Amount with respect to any Relevant Account Receivable that is less than the GTTA Estimated Collectible Amount for such Relevant Account Receivable.
Upon receipt by GTTA of such proceeds, GTTA shall immediately transfer and deliver same to Bank, along with a detailed cash receipts journal.
AND WHEREAS pursuant to the Stock Purchase Agreement (the “Purchase Agreement”) dated as of April, 30, 2012 by and among nLayer, each of its shareholders party thereto, and GTTA, as buyer, and GTTI, as guarantor, GTTA has agreed to acquire 100% of the outstanding shares of common stock of nLayer (the “nLayer Acquisition”).