Trailing Transactions definition

Trailing Transactions means, with respect to each Account, any of the following occurring prior to the Cut-Off Time, but not posted to the applicable Account prior to the Cut-Off Time: all sales transactions, purchases, credits, adjustments, accrued interest and payments.
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Trailing Transactions means, with respect to each Account, any of the following occurring prior to the Cut-Off Time, but not posted to the applicable Account prior to the Cut-Off Time: all sales transactions, purchases, balance transfers, credits, adjustments, accrued interest and payments.
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Examples of Trailing Transactions in a sentence

  • Seller shall initiate settlement of Trailing Transactions via wire transfer and such net settlement shall include those transactions and payments that are posted to an Account.

  • The parties anticipate that, during the post- ------------------ closing period, there will be a number of customer-related or other transactions that will require cash settlements between Seller and Purchaser ("Trailing Transactions") that are unrelated to the determination of the final adjustments to the settlement balances as of the Closing Date.

  • Except for special settlements, Seller and Purchaser agree that cash settlement of Trailing Transactions will be conducted weekly, with Trailing Transactions for the period between Thursday of the prior week and Wednesday of the current week to be settled on Friday of the current week (or the next business day if Friday is a holiday).

  • Settlement shall be by wire transfer from Purchaser to Seller in the total amount of all Trailing Transactions the settlement of which requires payment by Purchaser to Seller and by wire transfer from Seller to Purchaser in the total amount of all Trailing Transactions the settlement of which requires payment by Seller to Purchaser, the parties agreeing that there shall not be a netting of settlement payments.

  • If Trailing Transactions not yet settled at any time aggregate $1,000,000 or more, or if an authorized officer of Seller and an authorized officer of Purchaser agree with respect to a Trailing Transaction or a series of Trailing Transactions in a lesser amount, there shall be a special settlement with the responsible party making the settlement payment by wire transfer within two business days after the parties agree on the settlement amount.

  • During the period between the Initial Closing and the delivery of the Final Closing Statement, Seller and Company will work together in good faith to reconcile any Trailing Transactions and agree upon the Final Purchase Price.