Seller Proceeds definition
Examples of Seller Proceeds in a sentence
Letmegrab shall release the payment of the Seller Proceeds to the Seller within seven days from date of confirmation of delivery of Product to the Buyer, after deducting Letmegrab Fees, the Courier Fees, Payment Collection Fees, Fulfillment Centre Charges and any other applicable Fees and applicable taxes, as per the Commercial Term Segment.
The parties agree that any indemnity payment under this Agreement shall be treated as an adjustment to the Seller Proceeds for Tax purposes, unless otherwise required by Applicable Law.
Minimum amount of ▇▇▇▇▇▇▇ money deposit U.S. $ in the form of 200 11.6. Seller Proceeds.
Letmegrab shall release the payment of the Seller Proceeds to the Seller within seven days from date of confirmation of delivery of Product to theBuyer, after deducting Letmegrab Fees, the Courier Fees, Payment Collection Fees, Fulfillment Centre Charges and any other applicable Fees andapplicable taxes, as per the Commercial Term Segment.
An affiliate of the Purchaser shall have consummated an Initial Equity Offering resulting in net proceeds to the Purchaser sufficient, in the good faith discretion of the Purchaser, to fulfill its obligation to pay the Seller Proceeds and such other obligations the Purchaser may have in respect of the other parties hereto or any other Person.
Minimum amount of ▇▇▇▇▇▇▇ money deposit U.S. $ in the form of 232 11.6. Seller Proceeds.
All payments of funds due by one Party to another under this Agreement shall be made in US Dollars and shall be made by wire transfer in immediately available funds to the Seller Proceeds Account in respect of payments to the Seller (save in respect of payment of the Prepayment Amount pursuant to Clause 3.1) and to bank account or accounts (which must be outside South Africa) designated by the receiving Person in writing from time to time in respect of payments to the Purchaser or an Indemnified Party.
Parties agree and acknowledge that company shall be entitled to recover/adjust any outstanding amount due and payable by Seller to company under this Agreement from any Seller Proceeds payable to Seller and Seller undertake not to object to such recovery/adjustment.
Payment by the Purchaser further to Clause 2.5 shall be made (A) on the fifth Business Day following the Delivery Date and (B) to the Seller Proceeds Account.
Everglamm shall be entitled to adjust any monies, due from You to Everglamm till the date of termination, from the Seller Proceeds payable to You on termination.