SF Account definition

SF Account means the bank account, which is maintained by SmartFunding for the purpose of disbursing the Investors’ Investment Amounts to Sellers and to receive repayment of such amounts and interest by the Seller(s) or Customer(s);
View Source

Examples of SF Account in a sentence

  • The Closing Payment shall be paid to the Shareholders by wire transfer of immediately available funds to an attorney's trust account (the "S&F Account") designated in writing by ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇, P.C., counsel to the Shareholders, to the Buyer at least three (3) days prior to Closing.

  • The Contingent Payment shall be released by the Escrow Agent and paid to the S&F Account by wire transfer of immediately available funds upon the occurrence of: (i) written confirmation by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ & Co. (after conducting a full audit of the Company) that the Company's earnings before interest and taxes for the twelve months ended March 31, 1999 equaled or exceeded $2,200,000; and (ii) a final determination that the Closing Net Book Value is equal to or exceeds $7,000,000.

  • Within seven (7) days of receipt of signed Settlement Acceptance and Approval Forms (see Exhibit B) from 95% or more of Claimants, or, if that Participation Threshold is not met, within seven (7) days of Defendant’s decision to not exercise its option to terminate (see supra paragraph 5(a)), Defendant will initiate a wire transfer of the Payment to the SF Account.