Seller’s Group definition
Examples of Seller’s Group in a sentence
If a Seller or a member of the Sellers’ Group receives any payment in respect of the Assets (other than a Receivable), it shall be held as trustee on trust for the Purchasers, on the basis that it will give written details of any such payment to the Purchasers’ Representative and as soon as reasonably practicable account to the Purchasers’ Representative for the amount received.
Neither the Sellers nor any other member of the Sellers’ Group have given any power of attorney or other authority (express, implied or ostensible) which is still in force to any person to enter into any contract or commitment on its behalf in relation to the Assets.
In the 12 months prior to the date of this Agreement, neither the Sellers nor any other member of the Sellers’ Group have received written notice of any opposition to the registration of, or written notice of any legal proceedings or claims relating to the Domains.
Any payment to be made pursuant to this Agreement by the Sellers (or any member of the Sellers’ Group) to the Purchasers shall be made to the Purchasers’ Designated Account by electronic transfer in immediately available cleared funds on the due date for payment without any set-off, restriction, condition, deduction or withholding (save only as required by law).
All consultants, contractors, and/or employees who have developed or who have contributed to the development of any Asset Intellectual Property Rights have assigned to a Seller or another member of the Sellers’ Group pursuant to a valid, legally binding, written assignment, any right, title, and interest in such Asset Intellectual Property Rights which did not automatically vest in a Seller or any other member of the Sellers’ Group by virtue of any relevant law.