Nominated Purchaser definition

Nominated Purchaser has the meaning set forth in Section 17.2(a) hereof.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Nominated Purchaser has the meaning given to it in Section 1 of Schedule 11.2.

Nominated Purchaser has the meaning set forth in Section 15.1 (EFS Purchase Options).

Examples of Nominated Purchaser in a sentence

Third party costs and expenses, to the extent directly related to the conversion to a Nominated Purchaser pursuant to this Article 15, shall be paid or reimbursed by EFS.
In the event this Agreement terminates and Retailer notifies Bank that it, or its Nominated Purchaser, shall purchase the Program Assets, the parties shall determine the fair market value thereof in accordance with Schedule 11.3 hereto.
The Bank and the Company (or its Nominated Purchaser, if applicable) shall each pay fifty percent (50%) of the costs associated with the third Independent Appraiser.
Bank, EFS and the Nominated Purchaser shall in good faith use commercially reasonable efforts to expeditiously consummate the purchase of the Purchased Assets and the assumption of the Assumed Liabilities as contemplated hereby no later than two hundred seventy (270) days from the date on which EFS has provided an Exercise Notice to Bank.
If a Nominated Purchaser elects to purchase the Program Assets at the end of the Term, Bank shall transfer the Program Assets to such Nominated Purchaser free and clear of all encumbrances; provided, however, that Bank shall have one hundred twenty (120) days from the delivery of the Exercise Notice by Retailer to obtain a release of the Program Assets from the securitization or other financing transaction.

More Definitions of Nominated Purchaser

Nominated Purchaser has the meaning set forth on Schedule 16.2.

Nominated Purchaser means the potential third party purchaser(s) of Accounts or VS Affiliate nominated by VS.

Nominated Purchaser has the meaning given to such term in Schedule 3.7.

Nominated Purchaser has the meaning set forth in Section 14.2(a).

Nominated Purchaser has the meaning given to it in Section 10.2(c)(ii)(C).

Nominated Purchaser means the credit card issuer designated by Co-Brand Partner to exercise the Purchase Option provided that such credit card issuer is legally and contractually able to purchase the Program Assets.

Nominated Purchaser means that member or those members of the Purchaser's Group which the Purchaser nominates prior to the sale and purchase of the Shares and Assets becoming unconditional as being the actual purchaser or purchasers of the Business and Assets and/or the Shares;